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is there any legitimate use of blockchains? (lemmy.ca)

submitted 1 day ago by kionite231@lemmy.ca to c/asklemmy@lemmy.world

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Hello,

I have been researching about blockchains and stuff and it all seems like a big scam. It's not sustainable and can be replaced by a simple database.

is there any legitimate use cases of blockchains or it is all just a big scam?

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[-] chaosCruiser@futurology.today 6 points 1 day ago* (last edited 1 day ago)

Oh… Well that’s pretty bad. It’s like Wild West at that point. Anyone can make these fraudulent tokens. Someone would need to prove that there exists a connection between the token and the real world item it represents.

I guess therein lies the problem. These tokens shouldn’t represent physical objects. If you really want them to, you need a certification authority. If you can find one, it means that you actually can trust someone, so you don’t even need to use a blockchain for tracking these things. Why not just use a trusted authority to handle a traditional database.

So what does that leave us with? What can you do with a blockchain that doesn’t require the tokens to be connected to real world objects?

this post was submitted on 25 Aug 2025

149 points (100.0% liked)

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