Why Blockchain is a Hammer Looking for a Nail and Where it Might Find it

I like the idea of a blockchain. It’s a neat concept that has potential. But as so very often, neat concepts don’t make revolutions. Applications do – well, some of them do. The blockchain concept and triple accounting will become more useful when whole swathes of our developed economies will become so oppressive through heavy taxation and inflation (another form of taxation) that people will look for alternatives. Try to explain a European the value of a stable system of valuation and he won’t understand. Tell an Argentinian and he will. People learn through pain and suffering – and suffering will come so they will learn. This is going to be big, but it’s not cure-all.

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