{"id":2926,"date":"2018-03-29T18:53:27","date_gmt":"2018-03-30T00:53:27","guid":{"rendered":"http:\/\/www.mooreds.com\/wordpress\/?p=2926"},"modified":"2018-03-29T18:53:27","modified_gmt":"2018-03-30T00:53:27","slug":"blockchain-now-in-the-trough-of-disillusionment","status":"publish","type":"post","link":"https:\/\/www.mooreds.com\/wordpress\/archives\/2926","title":{"rendered":"Blockchain now in the trough of disillusionment?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-2927\" src=\"http:\/\/www.mooreds.com\/wordpress\/wp-content\/uploads\/2018\/03\/chain-109302_640-300x224.jpg\" alt=\"Chains\" width=\"300\" height=\"224\" srcset=\"http:\/\/edit.mooreds.com\/wordpress\/wp-content\/uploads\/2018\/03\/chain-109302_640-300x224.jpg 300w, http:\/\/edit.mooreds.com\/wordpress\/wp-content\/uploads\/2018\/03\/chain-109302_640.jpg 640w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Looks like the <a href=\"https:\/\/www.reuters.com\/article\/us-banks-fintech-blockchain\/wall-street-rethinks-blockchain-projects-as-euphoria-meets-reality-idUSKBN1H32GO\">blockchain may be headed<\/a> into the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Hype_cycle\">trough of disillusionment<\/a>. See also Kevin Owocki&#8217;s <a href=\"https:\/\/twitter.com\/owocki\/status\/977665293169213440\">thoughts on ICOs<\/a>.<\/p>\n<p>This happens to every technology. There is wild optimism over the usefulness (remember <a href=\"https:\/\/en.wikipedia.org\/wiki\/Iridium_satellite_constellation\">Iridium<\/a>?), which is overblown. It even happened in the <a href=\"http:\/\/www.mooreds.com\/wordpress\/archives\/85\">1800s with trains<\/a>. That said, I&#8217;m sure there are uses for blockchain technology beyond stores of value, and am looking forward to seeing those emerge. For a fascinating read on the rollout of technology, see <a href=\"http:\/\/reactionwheel.net\/2015\/10\/the-deployment-age.html\">The Deployment Age<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looks like the blockchain may be headed into the trough of disillusionment. See also Kevin Owocki&#8217;s thoughts on ICOs. This happens to every technology. There is wild optimism over the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2926","post","type-post","status-publish","format-standard","hentry","category-technology-and-society"],"_links":{"self":[{"href":"https:\/\/www.mooreds.com\/wordpress\/wp-json\/wp\/v2\/posts\/2926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mooreds.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mooreds.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mooreds.com\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mooreds.com\/wordpress\/wp-json\/wp\/v2\/comments?post=2926"}],"version-history":[{"count":1,"href":"https:\/\/www.mooreds.com\/wordpress\/wp-json\/wp\/v2\/posts\/2926\/revisions"}],"predecessor-version":[{"id":2928,"href":"https:\/\/www.mooreds.com\/wordpress\/wp-json\/wp\/v2\/posts\/2926\/revisions\/2928"}],"wp:attachment":[{"href":"https:\/\/www.mooreds.com\/wordpress\/wp-json\/wp\/v2\/media?parent=2926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mooreds.com\/wordpress\/wp-json\/wp\/v2\/categories?post=2926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mooreds.com\/wordpress\/wp-json\/wp\/v2\/tags?post=2926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}