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this post was submitted on 09 Sep 2023
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99.999% of the time what people imagine when they say blockchain is good is effectively just the matrix protocol, which can be summarized as federated eventually consistent databases (and that's pretty dang neato).
If a single organization owns all the servers, there's not even in theory a reason to prefer blockchain over a plain replicated database. And in practice anyone who's pushing blockchain is either an ideologue or a scammer; either way they don't have the user's best interests at heart.
that's my point, most of the time people don't even know what a blockchain actually is, and the reason they think it's good is because in their head they imagine something less shit
Could not have said it better myself