hifibitcoin on Nostr: That comment supposes that blockchain, at it’s core, is anything more than just a ...

That comment supposes that blockchain, at it’s core, is anything more than just a datacenter that’s split over thousands of operators rather than a single centralized entity.

So blockchain (in many instances) benefits from not being operated by a single centralized entity, but does so at the expense of economies of scale. In other words, centralized datacenters are a lot cheaper and easier to operate than distributed ones.

So we have to ask ourselves, are people really going to spend exponentially more money on applications that aren’t really worth all the extra cost associated with distributed ledger technology?

They will for decentralized money (i.e., Bitcoin). I don’t anticipate in the long run that they will for much else.