Is the blockchcian a mirage?
At one point, the Blockchain and Bitcoin became words that almost everyone has once heard. And with the awareness that it is easy to raise much money through the Initial Coin Offering (ICO), it became fashionable to create a blockchain. It is not easy to judge the goodness and the badness of various blockchain projects. This is because there are various perspectives.
Someone says that such challenges must continue to evolve. Others say that this indiscriminate projects will eventually bring disaster.
In order to be sustainable in essence, a structure that "performs certain functions and receives fair compensation" is needed. There are thousands of blockchains but how many blockchain projects are there that can provide a clear function and receive a fee for using?
The blockchain operates on several principles, including the economic part, the computer coding part, and the psychological part. So it is not easy to understand and analyze the blockchain deeply. But I think that the core principles that are necessary for sustainability are not difficult.
The blockchain provides the functionality and services that someone needs. People who use the functions and services pay for their use. And the profit is not monopolized by anyone but distributed through a blockchain.
Why is it sustainable? The answer is not difficult. No, it should not be difficult. It should not diminish its essence with all kinds of mass phrases and complex principles. Of course, even if it fails, the challenge to create something new must continue. But it is a pity that there is too much movement to only aim for the "blockchain project title" without a deep concern and a clear system for sustainability.
The blockchain is not a mirage. However, its core essence is being abused for getting the money. But there are teams that do their best to make the blockchain that makes use of the core of the blockchain and being sustainable. When these teams bring their output to the world, I think more people will see the reality of the blockchain. And I am very happy to see such results in this year.
I am eagerly anticipating that the blockchain will give more people the opportunity to participate and distribute more.