This sign is a pretty good indication that no one has any idea about what they’re talking about in Davos.


· Mastodon Twitter Crossposter · 3 · 6 · 7

@jcbrand I'll try to generate an explanation: using blockchain as a distributed database to run the next generation power grid that will have to handle lots of electric vehicles at charging stations? ...

Nope still doesn't make sense.


What many people who throw around buzzwords like blockchain don't seem to understand, is that the novelty of the "blockchain" approach is the trustless consensus protocol based on proof-of-work (aka hashing) and that this incredibly energy inefficient and not applicable to the vast majority of applications or problems out there.

@jcbrand They should make a blockchain for managing blockchains.

@jcbrand it's obvious they don't know how things work... is available for purchase

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