Thread regarding IBM layoffs

Another Bad Bet in 2018

https://www.forbes.com/sites/bernardmarr/2018/12/10/is-this-the-end-of-blockchain/

Can Ginni and our fearless leaders make any good bets these days? First it was hybrid cloud, then Watson, then pure cloud, then blockchain, then hybrid cloud again.

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| 1192 views | | 5 replies (last December 10, 2018) | Reply
Post ID: @OP+WyvJEg7

5 replies (most recent on top)

So from the OP list it sounds like IBM will soon be pushing Watson again.

Innovation: noun, to present something as if were new.

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Post ID: @rry+WyvJEg7

Blockchain has a great use case: money laundering by d--g cartels or any other illicit business.

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Post ID: @obz+WyvJEg7

he just say blockchain? what the hell is a blockchain?

I don't know, those IBMers are into some freaky stuff

you wanna try to do a blockchain tonight?

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Post ID: @ahp+WyvJEg7

JEg7. I do not read this as bad news for IBM. If anything it says Legacy still rules, and IBM owns the Legacy market. It speculate that Quantum May come of age, and guess what. Blue pretty much rules there too. Could Ginni blow it. OF course she can, because she seems to be really good at throwing away advantage

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Post ID: @wpi+WyvJEg7

I was involved in HyperLedger early on and pointed out to them that its architecture was dangerous c-ap, and that blockchain itself did not seem to have many (any?) use cases that could not be solved better by already-existing technologies. They plowed onward and did not fix the deep structural issues, hoping that the open source community would. No serious business is ever going to allow arbitrary third-party code with unlimited execution possibilities to run on anything that touches sensitive data. What third party code? Smart contracts. A perfect vehicle for trojan horse code injections allowing massive attacks from within. Most of the potential partners understood this once they had their techies look at it, and the rest got sold a bunch of false promises. The ones who really still wanted blockchain went with Ethereum, whose contracts are written in a specifically-constrained language and are not omnipotent and therefore much safer.

Blockchain itself is really lacking for "killer use cases" .. and HyperLedger is an inefficient implementation of a bad design of a nearly-useless idea - what happens at IBM when a team of non-experts gets together and says "hey i keep hearing about blockchain .. let's do a blockchain!"

Ah, the stories i could tell about the stupidities at IBM ...

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Post ID: @hjh+WyvJEg7

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