Most skepticism here comes from the point of view that the technology overcomplicates without providing commensurate ROI.
The political part comes from blockchain ignoring basic social constructs and believing that they are ushering in some new glorious future. The constant portrayal of this is what turns off a bunch of people.
But the root of it is that the technology is really only useful for finance. Trust breaks down at the transition point from real world to digital.
Also, the only stuff which has meaningful usage has become centralized, thereby going against the ethos. There are expected social constructs from the greater society that blockchain will have a hard time meeting. Thus while being interesting from an academic standpoint, the vast majority seems like a pyramid scheme
Personally I think blockchain, in its the current state actually does worse to the status quo, and its inevitable. I mean, the ones that control wealth, now have a technology that guarantees their wealth propagates into the future (law cannot confiscate your crypto). Anyway, that is what is already happening in society.
From the point of view of the technology I think the BTC paper is brilliant. Specially the hashcash mechanism invented by Adam Back and what it tries to capture.
The political part comes from blockchain ignoring basic social constructs and believing that they are ushering in some new glorious future. The constant portrayal of this is what turns off a bunch of people.
But the root of it is that the technology is really only useful for finance. Trust breaks down at the transition point from real world to digital.
Also, the only stuff which has meaningful usage has become centralized, thereby going against the ethos. There are expected social constructs from the greater society that blockchain will have a hard time meeting. Thus while being interesting from an academic standpoint, the vast majority seems like a pyramid scheme