When I speak about the inefficiency of popular blockchains, or mention that we seem to be hurtling towards a “web3” so centralized it challenges big tech’s firm grasp on today’s web, or point out that somehow no one appears to have managed to find a positive use for blockchains that wouldn’t be better served by blockchainless technologies, I often hear “it’s the early days”. “Give it a chance”. “People are still figuring all this blockchain stuff out, ironing out the kinks”.
Bitcoin, currently one of the best-known and most-used blockchains, began to be used in 2009. Ethereum, another well-known and popular blockchain, launched in 2015. In the grand scheme of things, 2009 and 2015 were not that long ago. In the technology world, that was a lifetime ago.