Hello everyone.
When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?
In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.
But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.
An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.
There are too many projects that we don't really need it on blockchain.
Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.
I get your point, I really do but to be honest, in every growing industry, you'll see more bad than good at some point. However, that's changing slowly as almost everyone now knows the distinction between shitcoins and those whose coins are backed by important, practical tech.
Take the ECOMI project for example, it can't be put under the category of an "unnecessary" project because it has chosen to develop a market place for digital collectibles to be traded.
N/B: digital collectibles were impossible to own before the advent of the blockchain tech.
So, there's still so many projects with use cases that are not duplicates of already existing solutions leveraging on the blockchain.