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this post was submitted on 22 Jul 2025
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A few years ago, "blockchain" was what "AI" is now. Everyone was adding blockchain to everything. It was the next big thing, we can't risk getting left behind, etc.
And it was a fundamentally bad system from the get go for 99.9% of the systems it was applied to, just like AI.
AI, btw, was just the thing that made people finally forget about blockchain technology, but as per usual, its worse than its predecessor.
IT has this innate need to have these corporate buzzword cycles that lat about 1-3 years, where all IT companies must jump in this bandwagon for fear of being left behind, and each cycle is just pure uncut unadulterated shit, and each cycle, the shit smells worse.
It's not even IT itself. I vaguely remember some fruit juice company changing its name from "fruit juice" to "fruit juice blockchain" or something, and doing nothing else, and it's stock price jumping by 3x. The stock market somehow got into its head that tech companies play by fundamentally different rules than normal, are worth inherently more, never have to make profit or even a product, and will someday all be money printing monopolies.
It was the Long Island Ice Tea Corp., which changed its name to Long Blockchain Corp.
https://www.ft.com/content/2ef64f85-18b4-3538-b67e-7fe8ccc4e5e5
Edit: Or the SkyPeople Fruit Juice company. https://www.inquisitr.com/two-months-later-whats-happening-in-companies-with-blockchain-name-changes