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Svbtle

The blockchain story (Part 2)

In response to the broad and active discussion on The blockchain story is bullshit, I clarify and expand on my thoughts here:

My focus is from a Computer Systems and Engineering perspective on the blockchain as a distributed database with trustless write access and its potential as a major component for new applications. Bitcoin, the application it was designed for, isn’t the focus here.

From a technical standpoint, the blockchain doesn’t open up any new ‘technical’ attributes. The blockchain does not enable any new sensors, nor does it enable an order of magnitude increase in bandwidth, storage, affordability, that doesn’t also apply to any other types of distributed stores of data. In fact, performance will be most likely be worse and at best cannot be better than existing trustful...

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