There are so many practical use cases for DLT and Smart Contracts that don’t make sense for everything... but when:

1) DLT is used for keeping track of somebodies property that was illegally transferred rather than to keep track of “how many coins one has” or “everybodies dental record

2) When Smart Contracts are used to execute Real Estate property exchanges instead of “digital money” or “marijuana distribution” then the concept begins to unfold to bigger and brighter use cases!

To answer that we don’t NEED Blockchain/DLT: -It was never a problem to mail. Email happened to be more convenient. -It was never a problem to buy at a local supermarket. Amazon happened to be more convenient. -It was never a problem to get Taxi’s. Uber happened to more convenient.

It’s a matter of disrupting legacy ways of doing things that worked perfectly well before. Read a few articles on disruption in the economy, Blockchain/DLT MAY be on an article. DLT is a more convenient way to operate transfer of data than previous legacy systems.

Another example of something that wasn’t broken so we may not need to fix it is SWIFT. Ripple labs look to disrupt SWIFT with cheaper transactions. SWIFT is not broken, Ripple just found convenient ways to handle monetary transfer. Cryptocurrencies are interesting in terms of monetary value and economical disruption...

Blockchain and DLT are interesting in that what they will do to everyday business operations between multi billion dollar corporations.

I take it that you know this already! But many people are focused on “cryptocurrencies and digtial assets are going to change the world”. Maybe or maybe not, but Blockchain/DLT are already changing the biggest Fortune 500 business operation structures.

1) Disruption of Jobs. Where automation is taking out jobs, Blockchain is taking out the middlemen of other businesses. 2) Smart contracts. Rather than extensive contracts to be written, highly revised and executed. Smart contracts allow for the execution of property exchange or whatever the contract may be about instantaneously. 3) Decentralization of the distribution of wealth. Now, where it takes a woman 3 hours in Thailand to work to pay for a McDonald’s burger, she now has access to a new global form of wealth. Where she would never had access to any US equities, a poor Thai woman now has access to some form of Capital Market. .

Does this subreddit acknowledge the accomplishments and potential of Blockchain or distributed ledgers? Or does it deny that Blockchain will ever succeed as a technological advancement?

(Yes I am aware this is a very grounded group that holds true to fiat > bitcoin... or should I say... Buttcoin)

EDIT: for factual based reason rather than opinion focused push