One of my concerns is that people who dont understand blockchains generally don’t mentally separate blockchain utilizations (e.g. cryptocurrency) from the underlying technology that makes everything possible (the blockchain itself). It’s concerning because if people don’t make that distinction, then the failure of one or more trending cryptos will cause people to mentally write off the benefits of the potential benefits of the underlying technology. That’s why I’ve been looking at investing in currencies that exist on underlying systems that I think are scalable beyond simple payment ledgers. I might just be a victim of the buzzwords and sales pitches, but decentralized systems are really interesting to me. I’m invested in BLOK and BLCN ETFs as well as SOL for altcoins, and they’ve done really well for me recently, but I’m wondering if anyone knows of any specific companies or projects that are doing promising work in this space.
Just replace the word "Blockchain" with "Really slow and expensive decentralized and immutable database". Unless you really need decentralization, you don't need a blockchain.
Fair enough. Shouldn’t certain industries benefit from decentralization though?
In most cases, centralization is not a problem. Maintaining decentralized things is also 100x costlier. You gotta *need* decentralization for blockchain to make sense, and only crypto seems to really *need* it.