HACKER Q&A
📣 mattwilsonn888

What can convince you that a given blockchain is more than a VC scheme?


Obviously the space called 'crypto' which started with the blockchain Bitcoin is marred by scam and scandal - even if one is to sort through the fraud and discover blame often lies where the values of blockchain and open source are most compromised, there exist numerous risks and hazards and most of all: motivated reasoning.

In a space where every founder and investor will evangelize their preferred project faithfully or not (often times somewhere in between), is it at all possible to reliably broach the topic to the savvy uninitiated about problems and solutions in the space, and offer people ideas such that they can develop an informed perspective?

I don't necessarily wish to argue, but I do want to hear the most competent and difficult concerns to address - more than low hanging fruit.

I should add one argument before responses flow in: the perspective that a blockchain can exist without a currency is most often a reflection of ignorance on the special type of 'security' (meaning, cost to rewrite history) a blockchain offers. The view that a blockchain with no currency makes sense does not pan out - and if it did it would be a greater innovation than Bitcoin was.

  👤 Double_a_92 Accepted Answer ✓
It's a real product that I would want to use, and it's just happening to use a blockchain as part of the tech-stack because that was the most appropriate choice.

Is you try to shoehorn just some "blockchain" into a product or usecase, just for the sake of using a blockchain you already lost me.

👤 orbz
Get multiple F500 organizations using it in non-pilot production use that is not treating it as a speculative asset.

Also your last paragraph is wildly off base. There are a number of PoA chains being prototyped by industry consortiums.

👤 jqpabc123
Explain how the blockchain will be operated, funded and reasonably perpetuated without involving either cryptocurrency or a central funding authority.

A blockchain funded and controlled by a central authority is just a slow and unnecessarily complex database --- easily implemented to better effect with less effort/cost by traditional means.