Comment by EGreg

Ugh.

> I could go on for literal days

I believe there should be a way to have a rational discussion about this, point by point, maybe threaded. This ain't it. But whatever.

I am not married to blockchains, I have literally criticized blockchains. I have said that smart contracts and distributed systems are what we need, whether that's Internet Computer canisters, SAFE network datachains, IOTA DAGs, Hashgraphs, or Intercloud (something I designed). I don't know why people on HN love to do this strawman over and over.

Blockchain is a settlement layer. I don't even say it's needed for day-to-day micropayments. I explain how the systems could work, which could use any smart contracts for their settlement layer, I don't care about the underlying technology for those, but the Web2 elements are there: https://qbix.com/ecosystem#DIGITAL-MEDIA-AND-CONTENT

> The last I heard of [LBRY]

Yeah, they got sued by Gary Genzler's SEC even though their coin was one of the few actually being used as a utility token. They were forced to shut down their entire company, and only the network survived. Similarly with Telegram, with the SEC. I will wager that you're reflexively on the side of Gary Gensler and the government "because blockchain". But I would have liked to see this innovation grow, not be killed by governments.