In the ocean of blockchain topics in the web space, we frequently encounter blockchain-idealists’ mantras. Some cast a radical notion that a blockchain-base distributed system can eliminate rent-seeking middlemen and, as a result, deter, or even eliminate an abuse of system by monopolist and oligarchs.
However, the reality of blockchain as of today is far from, is even contrary to, such radical notions. The gap between the popular blockchain-idealist’s mantras and reality has caused confusions about blockchain.
Despite the gap, their beautiful mantras continue to echo and have strong influence in shaping our collective perception about and our collective behaviour toward blockchain.
Are they hypnotising us with those deceptive mantras? Or, are we in the middle of a long journey to realise such a radical revolution in the way we organize transactions?
The series shares a part of my journey in understanding causes for the gap. Although it does not aim to cover a comprehensive list of issues, it intends to promote a better understanding about the confusion.