For a long time, I thought of the blockchain as almost synonymous with cryptocurrencies, so as I saw stuff like “Odyssey” and “lbry” appearing and being “based on the blockchain”, my first thought was that it was another crypto scam. Then, I just got reminded of it and started looking more into it, and it just seemed like regular torrenting. For example, what’s the big innovation separating Odyssey from Peertube, which is also decentralized and also uses P2P? And what part of it does the blockchain really play, that couldn’t be done with regular P2P? More generally, and looking at the futur, does the blockchain offer new possibilities that the fediverse or pre-existing protocols don’t have?
IMHO technically speaking the concpt of a Blockchain and decentralized zero trust computing like in Ethereum are indeed “interesting” as concepts.
But in practice there are a ton of issues with current implementations and it’s likely not going to be used on a large scale because zero-trust doesn’t scale well.
It was “interesting” 15 fucking years ago when it came out and we didn’t know what it could (or couldn’t) do.
15 years later, no one has come up with an application, so I think we can stop pretending that there’s a solution here. We’re now into “just 5 more years” to figure out a good use of this thing, and no one is any closer to an answer.
15 Years Ago, the Wii U hadn’t come out yet and iPhone App store wasn’t used yet. Think about how much life has changed, and how little the cryptocoin people moved forward with their tech. Its mind-boggling how much money they’ve been given and how little progress has been made.