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62% of Funded Blockchain and Web3 Companies Attract Fewer Than 100 Monthly Organic Visitors
(guerrillabuzz.com)
this post was submitted on 12 Aug 2024
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Turns out the one thing Blockchain is good at, building out decentralized strings of commonly agreed upon immutable transactions, is actually not that useful. For small items we need an "undo" button because people make sloppy mistakes or get scammed, for large items we want the government to act as enforcer of the property (house, dollars, car) in question so it doesn't actually help us to decentralize.
Well, it would be a way for government to gain trust again through proofed transparency after they fucked up. Given the people under that government understand how blockchains work, I guess
But either the government blockchain can get forked/modified by people with enough resources, in which case it's not reliable, or it is certifiably controlled by the government in which case there's no point to it being blockchain.
Only if you make a system with POW and miners. With a DAG it should be possible to create a network where for example every person that issues a transaction (saving stuff into chain) validates two or more previous transactions on their device (or node if you run your own) using either PoW or PoS depending on what you want to achieve.