Likely Normal

With blockchain, every tech entrepreneur suddenly became a visionary by slapping decentralized onto ideas that absolutely did not need to be on a blockchain. Yes, the technology is brilliant for some things—like cryptocurrencies (when they’re not crashing) or supply chain tracking (when people actually use it). But let’s be real: 90% of blockchain pitches are just “What if we took something simple and made it way more complicated?”

Take Web3, the buzzword that somehow convinced people that everything needs to be “on-chain.” Suddenly, your morning coffee isn’t just coffee—it’s a tokenized experience where you NFT your loyalty points and DAO your creamer preferences. “Why?” you ask? “Because trustless!” they scream, as the entire system grinds to a halt because gas fees spiked to “sell a kidney” levels.

And then there are the truly galaxy-brain ideas:

• “Blockchain voting!” (Because nothing says “secure democracy” like explaining hard forks to your grandma.)
• “Decentralized social media!” (Where your posts live forever, just like your regrets.)
• “NFT mortgages!” (Because yes, you definitely want your house tied to a JPEG of a bored ape.)

Half these projects never actually function. The white paper is 50 pages of synergy and disruption, but the actual product is a website with a spinning .gif of a blockchain and a “coming soon” banner that’s been there since 2021.