mathesmith Posted September 9, 2018 Share Posted September 9, 2018 https://www.forbes.com/sites/jasonbloomberg/2018/09/09/enterprise-blockchain-struggles-to-carve-out-a-niche/#116ff9d1600a Interesting take on the state of blockchain. For once a Forbes contributor that isn't a Bitcoin maximalist, and is actually forecasting its doom for the very reason (decentralization) people like Laura Shin are saying it will succeed over XRP. He's pretty hard on XRP though. Although not directly mentioning it, he talks about the speculative nature of most tokens (XRP included) will prevent them from ever having any value - early investors selling and depressing the price of most tokens will prohibit adoption & use. He only mentions Ripple, and spends much more time talking about IBM/Stellar and the introduction of 'StableCoin' on the Stellar blockchain. Overall it's more thoughtful than the usual pieces put out by Forbes, but there's one point he's trying to make that leaves me scratching my head: Quote People like to compare today’s emergence of blockchain to the early days of the commercial Internet. However, this is a poor comparison, as the Internet’s early success depended on broad acceptance of basic protocols like TCP/IP, and for the Web, HTTP and HTML. Blockchain has no such acceptance. Not only are there no meaningful protocol standards in the works, but there isn’t even any agreement on the best mechanisms for making blockchain work at all. HUH??? What about ILP? Quote Blockchain fanatics around the world refuse to believe it, but the long-term opportunity for blockchain falls well short of Internet-level disruption that would indicate that this technology is anything close to revolutionary. I would love to hear in greater detail as to how he arrived at this conclusion. Yes, there is a lot of hype in this space, but to me, preventing value from copying itself the way information does on the internet is a pretty big problem. And when it is solved, that disruption may not be felt as much in the "West", but there are billions of people whose lives will be changed (hopefully) in a good way. I guess time will tell... Messier16 1 Link to comment Share on other sites More sharing options...
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