Hello,

I have been researching about blockchains and stuff and it all seems like a big scam. It’s not sustainable and can be replaced by a simple database.

is there any legitimate use cases of blockchains or it is all just a big scam?

  • Dr. Moose@lemmy.world
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    21 hours ago

    Recording data on an “eternal” digital data storage is incredibly useful. You don’t need much imagination here but I think we overestimated how much people actually want this and how ok we are with less perfectionist systems given that they work now just fine. Storing something on the web is usually just as good in practice despite being less perfect data store mechanism.

    That being said what if we have incredibly important information that is difficult to share or preserve - an immutable blockchain with so much financial security is a really powerful tool here.

    Thats what got me into bitcoin at the beginning but disappoingly it never reached the point where it would outcompete non-blockchain tech. Mostly because we live in a better world than many believe 🙃