Famous last words from Ken Olsen, founder of Digital Equipment Corporation and the first VC funded startup:
“There is no reason why anyone needs a personal computer.”
Your article is informative and reflects your personal understanding of the issues but that does not mean that you are correct. The blockchain was created to solve a problem with Bitcoin. It is why the two are really one and why Bitcoin is still alive 10 years later and will be 10 years in the future.
Blockchain technology by itself has different issues that time will address. I didn’t need a digital music player or ATM’s. In fact, ATM adoption was hindered by our fear of no human interaction. “I want to look the person in their eyes when i handover my hard earned cash. You can’t do that with a machine that I don’t trust. “
And now we have kiosks for ticketing, checkpoint sale, border control etc..
Dragon software 1.0 speech recognition software is worthless. Waste of money. 1980’s. Today, “At Vanguard my voice is my password.” I can speak to text you with excellent accuracy.
It is easy to attack new technology. In fact, we are more trained to criticize new ideas and find fault than to promote them. It stems from the product development process in American businesses where survival of the fittest mentality is used to vote on what product moves forward. If it survives all the naysayers then it must be a good idea. As opposed to the Steve Jobs, “This is what you need, though you don’t know it yet and I will see that it is beautiful and functional.” Satoshi’s Bitcoin and blockchain were the later process.
In closing, the Forbes article I read last week, “For the Nth Time, Bitcoin is Dead!” Oh, the date of the article? 2011.
The future is still hard to see.
“Resist much, obey little
Once unquestioning obedience, once fully enslaved;
Once fully enslaved, no nation, state, city, of this earth,
ever afterward resumes its liberty.” — Walt Whitman