I have another question that I admit, I didn't really explore to the full extent myself, because of time constraints. I can't figure out what is blockchain actually solving that other database technologies can't solve? I get that it is useful and it solves many things, but what can it solve uniquely or far better that nothing else can solve? So far I come up with nothing. I get that it is a new approach of solving existing problems, but why is it treated as superior to other DB implementations? Superiors being a big understatement, because it is actually treated like religion, literally, that's a massive turn off for me form the beginning.
Are you familiar with the US stock market?there companies are not valued only,or at all, on their revenue and profit, but on their promising future.
Look at we work...it was always clear to me it was total bullshit, they did like what Regus started and yeah now they lost 2.2 billion haha.
Look at Nikola, they faked a video with a truck that they let roll downhill to pretend they had a working prototype. They were with billions more for not even having s true product, stick crashed back to what it was.
Theranos, they lied about having s blood test that only needed a drop of blood instead of one or two vials as it does now....well CEO is now most certainly going to prison
So the promise is what the only "real" value is for now.i am not aware of one application that fully replaces the old fashion way, so at best proof of concept.
Look at the stupid push by package portal. They want to change the industry from charging so much for signature confirmation for package delivery.... Sounds cool right?
But who charges for these signature confirmations? The carrier! So this is profit to them. Now ask yourself what incentive do they have to use this? Exactly 00000
Now, also ask you what can package portal do if the carriers do not take part, start their own carrier ? I mean they will just do what amazon did right...lol
There are theoretically interesting approaches that may be game changing, but so far none exists as a true replacement of anything that is out there in a traditional setup