Blockchain technology is going to change everything: the shipping industry, the financial system, government … in fact, what won’t it change? But enthusiasm for it mainly stems from a lack of knowledge and understanding. The blockchain is a solution in search of a problem.

reddit comments

There are several oversimplifications to watch out, but still interesting.

  • @guojing@lemmy.ml
    4•1 year ago

    Because you have to trust some huge, centralized nodes which can steal your money, or charge extra fees. So basically a bank.