The underlying Technology behind blockchain and cryptocurrencies has phenomenal possibilities. Even using things like tangles and DAG graph theory (Hashgraph and IOTA in a sense) can change logistics and IOT. The problem is it's a bunch of fake news. Hype nonsense. Faux advisors who are snake oil salesmen and sales women with a fancy suit and nice story, not much else.
Decentralized and disruption? Not really, it's worse than the dot com and COBOL 1999 ending the world nonsense. It's clickbait and paid shills on all the media websites. It's great peer reviews but no real world use case. Or private investors like Goldman Sachs under some other name pumping money into a 'decentralized' company.
The problem with Ethereum is it's not even decentralized. Most of these blockchains and cryptocurrencies and platforms are not. Add the ICO and crowd funding and crowd building and crowd marketing nature and it's a lot of wanna be Steve Jobs and Elon Musks and Mark Zuckerbergs.
At least Bitcoin has a person or person(s) that disappeared years ago and isn't pimping it out at every conference and Meetup and on social media. Yes it has core developers that have opinions and ideas and eventual forks, but that's no different than most Apache open source projects. Then again that's not exactly decentralized or autonomous either.
And then you have the IBM nonsense. A company with a CEO that should have been fired years ago and an organization that's been irrelevant for twenty years. Great they built a machine to win on Jeopardy. Now they pimp that out like it's some advanced AI system. And they jump on the blockchain bandwagon selling more nonsense and marketing bull.
IBM is a joke and in a year or two they will abandon hyperledger and jump to something new or different. It's what they do. Any company tying themselves to some IBM backed hyperledger stellar blockchain is asking to redo it all by 2020. That's what IBM does. They did it with Hadoop and big data. They are a terribly run organization. Why anyone would pay them to use their Technology is confusing to me. The old saying was "nobody ever got fired for buying IBM" should now be "anybody should be fired for buying IBM." Run from them.
The problem with blockchain really is it's become just like most of the internet. It's all based on lies and fake stories. "Oh build the future" and have nothing more than a white paper. And sometimes not even that. Oh let's name it Kodak coin or ice tea on the blockchain or whatever.
The blockchain really needs to be decentralized. And used for what it's good at , not based on some fantasy from people who have no idea how most of the technology actually works. But hey raise 100 million because people are idiots and listen to someone selling them the moon.
There are tons of possibilities and opportunities, but until the nonsense fades and the moon, hodl, and lambo shills fade, it'll be all hype. Until then the people actually building the infrastructure and scale and real world use cases will build in silence, in a sense.
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