alt Hacker NewsBlockchain is a very inconvenient database, for sure, but there is a good reason Bitcoin uses it. It had to solve to double spend problem and create a trustless p2p digital cash, while being censorship resistant and having no central authority.
Some people around a decade ago started using blockchain for everything where a SQLite db would have been better, because blockchain was the buzzword around that time, and they were charlatans who wanted funding and hype, or signal how cutting edge they are (kind of how the last two years everybody became an AI company).
It doesn’t mean that Bitcoin using blockchain is stupid.
Replies
It may be money, but it is definitely not cash. Cash is completely anonymous, BTC is not.
It's stupid because blockchains don't scale. In most other respects they're quite clever.
> and they were charlatans who wanted funding and hype, or signal how cutting edge they are
Interesting that those same hucksters and shysters who spread the gospel of the blockchain immediately jumped on th AI bandwaggon when this was the shiny new thing.
Or, maybe, 40 years working in IT turned me slightly cynical.