Blockchains are definitely oversold and overhyped but they do make improvements in certain areas. It's like discounting TOR just because steaming youtube is a lesser experience.
Their use of consensus mechanisms make what was implicit explicit. Their global nature is truly without borders. Specific cryptocurrencies are mathematically private and more censorship resistant.
Blockchain for the most part isn't ready for the vast majority of people, but discounting it entirely seems like throwing the baby out with the bathwater. Not everything needs blockchain but for the things that do they really do.
Real world companies also make tradeoffs, often a single point of trust (the company) and implicit assumptions or state.
The current systems that work are great and I don't want to dismiss them at all, but there are specific cryptocurrencies that currently serve some specific needs better. In future I'd imagine there are other ways to take advantage of DHT to serve even more needs better.
Their use of consensus mechanisms make what was implicit explicit. Their global nature is truly without borders. Specific cryptocurrencies are mathematically private and more censorship resistant.
Blockchain for the most part isn't ready for the vast majority of people, but discounting it entirely seems like throwing the baby out with the bathwater. Not everything needs blockchain but for the things that do they really do.
Real world companies also make tradeoffs, often a single point of trust (the company) and implicit assumptions or state.
The current systems that work are great and I don't want to dismiss them at all, but there are specific cryptocurrencies that currently serve some specific needs better. In future I'd imagine there are other ways to take advantage of DHT to serve even more needs better.