I think it depends how the information is created and stored, like sure public ledgers can be manipulated - but decentralized ones are built to make it that difficult.
Not all of crypto is that volatile, stablecoins have had their issues, but offer a potentially very interesting solution - and it’s more than likely USD and other world currencies will move to be digitalized themselves eventually as we all know the physical backing by the gov was lost long ago.
Agree, crypto and nfts have been marketed with ill intentions and there have been many scams - but there are alot of companies trying to do cool things (I almost went to work for one, but kept my boring job at FANG instead). A thousand companies probably have to try and die before we get to the real ones, and it will take time for them to build trust and historical value. I mean people were very hesitant to utilize the first dot com boom era companies as well - my parents are still scared to send money across the internet via paypal - it literally makes no sense to them.
PWCC wouldn’t do blockchain/nfts tomorrow - it goes against their business model, they would lose potential profits by enabling users to trade amongst themselves on a platform that could support the NFTs off their marketplace. And if they use the tech but its a walled garden (can’t take it off platform) - then its literally no different than it is today and isn’t really in the ethos of what crypto/nfts are trying to accomplish (see veve).
Just here to offer a different perspective - I still love physicals and not sure i buy into vaulting services yet, also I just despise the fees that some of these places charge for transactions.
For the record, I think there is a place for blockchain technology. It’s weird because you hear crypto/nft today and depending on who you are, it is either automatically think it’s a positive improvement to add onto everything or it’s automatically a scam.
To me it’s just a tool. In 2023 though I automatically lean towards skepticism by default. But that’s more to do with the culture of the enthusiasts and not the technology itself. I think the best use cases are ones where a blockchain is used simply because it is the best choice of infrastructure rather than “how do we take this thing that already exists and works fine and put it on a blockchain”.
Today, most people aren’t thinking about whether a service uses a SQL database or MongoDB or how the nodes are distributed or whatever. The day that blockchain becomes just another engineering option that most people aren’t thinking about instead of a marketing gimmick is the day I’ll get on board
This is how I feel about blockchain and other sophisticated technologies like machine/deep learning/AI. It’s a tool. It’s not going to solve our worldly problems by itself, but if used in the proper way and in the proper context, it may lead to the dramatic shifts that its advocates have claimed for many years now.
At the moment though, society needs to step away from the buzzwords and gimmicks. The “true innovators” of these technologies will come out in due time, and they almost certainly won’t be the same crowd who is screaming about it on Twitter and Discord.
I do think its great to explore all kinds of use cases, but also agree that it probably won’t get mass adopted until the tech is utilized and hidden so well that users don’t even realize its there
I have only ever heard of one legitimate use for blockchain technology and it was used at a company I used to work for. I have yet to see a use outside of that that isn’t some NFT crypto trashcan
