git is a blockchain, just without PoW

I'll likely get downvoted but Polestar, the EV automaker that used to build performance variants for Volvo, uses blockchain to track minerals used in their EV's.

Circulor Circulor's blockchain technology enables tracing of extracted raw materials, particularly those with significant impact to communities and the environment.

I like that they use blockchain to ensure the minerals they use aren't coming from negative sources but I'm sure someone will argue and say it's stupid or that SQL can do the same.

I think it's funny how most lemmy users are pro open source, pro privacy, pro digital rights; but once it comes to money all that is thrown out of the window and they happily get on their knees for paypal and the few other large players.

Yes, the current state of crypto is a mess. People are attracted by the promise of the big payout, rather then seeking an alternative payment system, making them ripe for scammers that promise the world, but in the end only rug "investors". Even "functional" cryptos are often highly centralized, making them as bad as banks in terms of reliability. Almost none implement any privacy features, and if they do, its typically a tacked on afterthought.

But this does not make the original idea invalid. Will it ever live up to the promise of alternative money? Maybe. Maybe not. Only time will tell if the issues that exist right now will be fixed.