Blockchain is well suited for storing authentication and provenance information. The Fediverse could benefit from blockchain stored instance, user, and community metadata.

@kiriakos @fubo One thing I think a platform like #Peertube needs to solve, which #LBRY does (because it uses a blockchain) is the financial incentive for content creators without ads because right now you can't really make money on Peertube. On LBRY you can because it features its own currency and on #Youtube of course but this is using ads. This is one of the advantages to using a blockchain. However LBRY's torrent like protocol for sharing video data is very slow and buggy which incentives the centralisation around odysee. The idea behind the project is great but not that well in practice if they don't make the protocol faster.

The notion that any "Web" technology (i.e. user-facing publication, sharing, & discussion) needs to be coupled with a fraught¹ payment system seems like a fundamentally contentious issue, mostly introduced by people who stand to profit from the success of those payment systems regardless of benefit to Web users.

¹ Regulatory issues, cut-and-run scams, and so on. Some blockchain services have turned out to be securities regulation violations. Some have turned out to be outright frauds where the issuers have just run away with "invested" money. In any event, nobody should today be relying on any blockchain service when creating forums or other services intended for the general public.

In theory/research papers, it's not a terrible idea, a few years ago, 3blue1brown on YouTube did a video about how blockchains and cryptocurrencies work at their core, setting the controversy aside. It is a currency that is actually tied to something of immutable valuable, time and logarithmic growth, and would require much more computational power than any singular entity could control over 50% of. Those goals are good goals.

The the irl problems come in on multiple aspects however, there are only so many graphics cards made every year, so people purchasing for mining impacted the entire market of graphics cards spiking prices higher and higher, they run on electricity which is still generated with a lot of fossils fuels, and cards that break because they're running all the time and are staying hot end often up in landfills, where lots of useful metals are just sitting and rusting away.

The problem with Blockchains is most of the projects associated with them are scams until proven otherwise. It's kind of like Western Union transfers, money orders, or iTunes gift cards, nothing wrong with the technology behind them, but when the topic comes up, I immediately think of scams.

I don't think anything is inherently wrong with blockchain technology, but what it's been molded into (a purely speculative profit driven ecosystem ) is a waste of it's potential.