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0 pointsgamblor9568mo ago0 comments

It's left unsaid because the truth is that businesses are not finding crypto easier, faster, or better. In most cases, it's the exact opposite. But crypto excels at one thing: obfuscation.

A regular log or ledger file could accomplish the same thing as a blockchain for significantly less technical debt or ongoing expense.

And note that the best use cases Stripe could find for "real world" use cases were a company trying to complicate its FX cash management, and a cash transfer app with fees higher than most of their competitors.

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jdminhbg8mo ago

> A regular log or ledger file could accomplish the same thing as a blockchain

It is kind of wild how a bunch of people hyping blockchains five years ago has resulted in a thermostatic reaction where a bunch of other people have decided that distributed computing is easy, actually, you just need a ledger file.

gamblor956OP8mo ago

You do understand that a blockchain is just a hashed ledger? It's called "crypto" because they use cryptography principles to hash the ledger into multiple parts.

But it's still just a ledger.

With blockchain, you just get a ledger that's harder to use and dependent on external connectivity.

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