Well, it's already 10 years down the line with blockchain technology. Still waiting.
And, despite your silly claims of jealousy, the real reason blockchain technology now receives such scorn is precisely because for years after its inception it received absurd hype. What you're seeing now is the backlash against the utopian, almost religious praise of the technology when it first came out.
It's precisely because it's been 10 years and the reality hasn't nearly matched the early hype that people have cooled on the technology, and now want solid results instead of more empty talk. It's long past the point where telling everyone big things are coming is enough, it's time to show those big things.
> Well, it's already 10 years down the line with blockchain technology. Still waiting.
To be fair -- it's 10 years since Bitcoin. People didn't start innovating (widely) on blockchains until Ethereum came along and paved the way for generalized blockchains.
> It's precisely because it's been 10 years and the reality hasn't nearly matched the early hype that people have cooled on the technology, and now want solid results instead of more empty talk. It's long past the point where telling everyone big things are coming is enough, it's time to show those big things.
Excessive hype is normal and expected for any disruptive technology. AI took decades to become fruitful, the Internet took a few decades to become mainstream. We're seeing hype with cloud computing, VR, IoT, synthetic foods, and all of these have very vocal nay-sayers.
IMO, blockchains are revolutionary but also very primitive -- there's a ton of innovation in this space, and its spawned a variety of new areas for very interesting research (in trustless consensus, decentralized economies, stable currencies, algorithmic governance, and cryptographic applications.)
Of course, all of this is my opinion, and only time will tell.
(/me spent a decade working on distributed consensus infrasatructure at Google.)
This is that "utopian, almost religious praise of the technology" that's being talked about. What is actually disruptive about blockchain?
It's funny, all these technologies you listed are all ones that are hyped for hyped sake before having an actual use case. What actual, useful purpose does Blockchain provide? Like really. Apart from "a computationally burdensome way to hate the government."[1] Because all I ever see things like "blockchain-backed sex contracts" or "mangocoin - how IBM helped Walmart and farmers". I thought the most promising use case was when the Australian securities regulator announced they were going to put all the shares in the blockchain, but then I just realised that there's no actual concrete benefit from it - nothing they're doing can't be achieved by a simple, centralised database.
I think this might be because you live in a relatively trustful world of the west. Trust and privacy online will only become harder and harder to come by with how our current systems are set up.
> Excessive hype is normal and expected for any disruptive technology.
Plenty of hype for things that didn't make it though. Excessive hype isn't an indicator of success....
IMO, blockchains are worthless energy sucking devices whose only purpose is to take money from rubes and transfer it into the pockets of scammers. It's the worlds greatest platform for financial fraud and that is about it.
Engineers love to play devil's advocate. Now that the posts/articles about cryptocurrency are becoming more frequent, those dissenting opinions are also becoming more frequent.
And, despite your silly claims of jealousy, the real reason blockchain technology now receives such scorn is precisely because for years after its inception it received absurd hype. What you're seeing now is the backlash against the utopian, almost religious praise of the technology when it first came out.
It's precisely because it's been 10 years and the reality hasn't nearly matched the early hype that people have cooled on the technology, and now want solid results instead of more empty talk. It's long past the point where telling everyone big things are coming is enough, it's time to show those big things.