I know you would have heard this phrase a countless time by now, that nothing in the world is ever for free, even your identity. If ever you feel bad about the fact that you don’t amount to anything just remember that social media has been selling your information to companies for longer than you can remember.
I can’t help but be skeptic about the hidden agenda behind blockchains. We have been working in a capitalist market for the longest of time and suddenly now this new technology is taking away power from big corps and handing it to you on a plate… something smells fishy.
Development is stricter and slower
Just like us, blockchain carries its own bagghttps://media.giphy.com/media/l3q2wnlw48fuf1l3a/giphy.gifage. The blockchain is a huge ass network that needs repairments and care to function properly. A small bug can corrupt the entire database or cause some of them to be different than the others. It’s easier to manage a centralized system, no way here we are trying to support them but it’s the truth. You can’t fix it in a jiffy and start all over again. Gaining consensus will be a more painstaking task than the actual fixing.
Who gets to decide the incentives?
In a blockchain, everyone is a small community of its own. Everyone has their own sets of needs and to align those with the incentives can be a strenuous task. Who gives the finality to the data? How can you make sure the incentives are not manipulated? Are they allied with the network goals? All these questions need to be answered before implementing anything new on a blockchain. It’s a group project where everyone is the group leader and imagine working with THAT.
The blockchain is our high maintenance friend that needs all the pampering. And we don’t blame him because if everything needs to be written thousands of times and everything needs to be checked a thousand of times again, the maintenance costs are going to triple naturally.
Everyone’s a king!
This doesn’t seem like a bad idea but now I want you to imagine that certain someone we all have in our WhatsApp group chats who keeps spamming us with photos, videos, good morning texts and all sorts of shitty content. It’s an absolute horror when you open your gallery again and see it all flooded. And that’s exactly what could happen on a blockchain too and to make things worse, you can’t even kick them out because they have the same importance as you.
Your app is up-to-date
This message is seldom seen when it comes to blockchains. All updates are voluntary because you’re under no obligation to change things in your software. Even if you so badly want to see something on your blockchain, well… truth be told it might not be coming true.
So, is all in vain? Well, everything does come with a price after all but it has its pros as well. With time they might be able to counter these problems as well.