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Why do you hate "blockchain"? (lemmy.world)

submitted 6 days ago* (last edited 6 days ago) by [email protected] to c/[email protected]

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If you are gonna downvote, say something.

I can't tell if you're downvoting because you saw the word "blockchain", or you really love it.

I'm using quotes in the title, because I suspect a major amount of people use the word "blockchain" loosely to refer to other related things. If you are willing to, please provide a definition of what you mean by "blockchain" as well.

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[–] [email protected] 1 points 6 days ago

I don't hate blockchain, but I can see why other people might.

Blockchain's more or less only use is in cryptocurrencies (yes there are theoretically other usages, but let's be honest it's a drop in the ocean). The #1 cryptocurrency can do about 10TPS (please don't even mention all the broken L2s), the #2 is "just about to revolutionize the world with smart contracts" for almost ten years already (so far the most revolutionary thing is monkey jpegs), then there are a few stable coins which aren't even really a cryptocurrency at all, and thousands of literally memecoins.

Real cryptocurrency (XMR and maybe BCH) can and is used as currency (I pay for lots of legal stuff like VPN/VPSs/domains with XMR), but not many people are interested in that I guess.