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RE: Is Bitcoin the Friendster of blockchain?
I think that blockchain technology itself will be phased out and replaced by something else, like The Tangle. But it is the proving ground for concepts and innovation. And it will also be the funding source for the really smart stuff to come.
I think if we view it like that, we can be excited to be at the forefront of the next big wave as it starts to build. The blockchain is the foothills we must cross in order to see the mountains. :-)
Blockchain is really cool technology and it has evolved, but I can believe there are good alternatives. It just seems a pain to have to get the whole blockchain to verify stuff. I'm currently downloading the Bitcoin one for my local wallet
I agree. As a coder that just seems like a waste of processing. On paper it probably seems like a good idea. But that sort of logic just wont scale (as we are seeing).
That's why I think some really smart people (who made some seed money from their blockchain investments) will come up with something better.
So I'm really looking forward to what comes next.