Blockchain study finds 0.00% success rate and vendors don't call back when asked for evidence

“Though Blockchain has been touted as the answer to everything, a study of 43 solutions advanced in the international development sector has found exactly no evidence of success.”

theregister.co.uk/2018/11/30/b

Man, it seems so bad you’d almost think I’d have a slide warning people about blockchain oil salesmen (they’re almost entirely men) in my talks or something…

#blockchain #bullshit

@aral When we don't try to shove proof of work, there's great success!

Git! Certificate Transparency Logs! Etc.

But it's quite questionable calling those blockchains.

@alcinnz Directed acyclic graphs and Merkle Trees are awesome. Blockchain and the right libertarians that fantasize about the billions they’ll make with it (often by literally destroying our habitat via proof of work) can fuck right off.

@aral @alcinnz Blockchains have much more things than Merkle Trees that are actually awesome. The capitalistic dream part is just bullshit, but I'd say most parts of bitcoin (or even ethereum and others) are a great source of inspiration.
I had to learn about them for a course I gave and, damn, this is much more interesting (and complex!) than I thought.

@ekaitz_zarraga @alcinnz Proof of work is literally destroying our habitat so a few right-libertarian men can get rich.

For a Peerocracy, we don’t need a billion identical copies of the same database. We need a billion databases, each unique, each equal in power, each owned by an individual. Topological decentralisation is the core, not decentralisation of trust.

Directed acyclic graphs + public-key cryptography + sparse replication.

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@srinicame

Hang on a minute! That's not a “study”, that is an opinion article¹ and billed as such.

I do not care about one way or another but you cannot fight with FUD.

¹ merltech.org/blockchain-for-in

@aral @ekaitz_zarraga @alcinnz

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