Disclaimer: I love the blockchain technology and the whole cryptocurrency thing. But this post is talking about non-currency applications.
Seriously, this is bugging me at this point.
So many new projects coming along with "Blockchain this, blockchain that". Lets take a good example. Chat application on a blockchain.
WHY!?!?!??!
A blockchain is good when consensus is needed on the order in which actions happen, and when there is no trust involved.
So why in the world would a chat application be a good candidate for a blockchain..?!?
And don't even get me started on the thousands of other applications that use blockchains unnecessarily.
Just get a server. Host your chat application there. Not everything needs to be decentralized.
Mining wasn't originally a way to earn money. It was a way to prevent double spending. But nobody even thinks about that anymore, it's all about getting those block rewards. Come on "unique" mining algorithms, all based on the same concept.
This has been my daily rant. Please comment with your opinion, but not too much flame war plz