Community post
Recent thoughts on Blockchain
To be blunt, I'm very bullish on #blockchain , I like interacting with bright minds, visionaries, people who wishes and are executing to build a better world.
However I did notice a few amount of people are bullish on Blockchain just because people is embracing it.
That's fine though, it really is.
We gotta start somewhere right?
But the issue I have is people starting to have thoughts on building their own Blockchain Applications without knowing the core value of the tech, limitations of the tech.
Blockchain empowers trust. True.
It's immutable. TRUE
But Blockchain can't differentiate the truthfulness of ones data.
It's not the fault of Blockchain, because it's the responsibility of Blockchain to do so.
People think they can just integrate Blockchain into their business model and suddenly everything is now trust-worthy.
Nah man, we still have a long way to go. The progression of one technology is always supported by other techs.
Please do leave your thoughts in the comments.
Also, I'd really appreciate it if you can follow FundersToken
and join our telegram group at https://t.me/FundersToken_community
Replies (3)
I think the main driver of what you're speaking of has been cryptocurrencies, with Bitcoin in particular causing the hype. People saw this 'thing' that they could buy and make a fortune on in a very short time-frame, a sort of get rich quick scheme. People then did a little more research into the underlying technology, and now everyone wants a blockchain.
It has been compared to the dot-com craze at the turn of the century, and the comparison is apt in many ways. People are jumping on the bandwagon without adequate research and understanding of why they should be doing so.
There's a huge misconception of Blockchain = Cryptocurrency. I will not deny that I have been speaking of blockchain in the terms of the public.
I also agree that this is a bubble, but a bubble that drives innovation. It is not without risk, but also not without rewards. You'll just need to find the Diamond hidden within the bubble :)
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