
Anyway, in class tonight we had a guest presenter come in--guy who is older than me, if you can believe it--and do a presentation on blockchain technology. Now, I don't consider myself an expert on blockchain by any means, but I am pretty plugged in to FinTech as it's part of my job, so know enough about blockchain to be dangerous. This guy presenting knew next to nothing about it. He spent the entire hour-long presentation talking about how revolutionary and amazing blockchain was by regurgitating soundbites he pulled from industry publications, asking a bunch of dumb, hypothetical questions, and then challenged the class to give several 3-5 minute presentations on ideas for practical applications for blockchain technology in our next class meeting.
After the class I went up to him to ask if he was aware of any successful practical applications for blockchain technology right now besides cryptocurrency (and not to go on a complete rant about that but most people involved with cryptocurrency do so in a way that defeats the entire purpose of blockchain's distributive ledger--I'm looking at you, Coinbase users--but I'll leave that one alone for now) and supply chain management (I read an article about how Walmart used blockchain technology to quickly track down some disease-ridden romaine lettuce in its vast network of suppliers and stores). Old guy responds by saying that blockchain technology has only been around for a few years since Bitcoin was introduced in 2008. Um, no old man, you are incorrect--a paper on blockchain was first published in the early 80s so it has been around for 40 years, and the only two practical use cases that anyone has ever implemented are fake virtual money and identifying bad lettuce. If it's such a revolutionary and transformative technology, where's the revolution? Where's the transformation? I explain this to him, and he basically shrugged his shoulders as he had no idea.
I walk away from the conversation and then suddenly realize that he's having the class present ideas of blockchain use cases in our next class because he has no idea what a good use case might be and is likely stealing our ideas to turn around and use them in his work. Isn't that just like stupid old people to use young people for their ideas and insight and profit off of them? It was at that moment I realized he had out-olded me, and I felt like an absolute amateur old person.
Stupid older old person. I hope he has painful hemorrhoids the rest of his life. Which will probably be for like 15 minutes, he's so old. Maybe he'll die of hemorrhoids. Yeah, that's it. I hope he dies of painful hemorrhoids.
TL;DR: I am a blockchain skeptic. People older than me suck.