/biz/ - Business & Finance

>The future is nao my bruddahs
So an information system changes what about the average joe's life again?

Also
>Universal ledger of information
Great, so humanity is fucked like China's social credit system

>Except there's a million of these blockchains, everyone and their grandmother has a "revolutionary global blockchain coming soon pls invest"
Oversaturated, overinflated, worthless. There's trillions of digital coin now, so only the popular ones have any chance of success at this rate. If one ever takes off and becomes used as the new financial system, everyone else is fucked.

And if several take off, then esch one would have incomplete records unless they integrated, making having seperate blockchains pointless.

Also that whole social credit thing is bad. And blockchains give no room for monetary grace. Single mom with 25 LTE in your wallet? Too bad fucko, Uncle Landlord wants his goddamn rent money, so no dinner for your kids this week.

The whole thing just all around sucks ass desu. It's not convenient, helpful or good for the everyman.

Feel free to change my mind, because the future looks bleak if this universal ledger comes to be.