Jon Evans, TechCrunch, shares a compelling argument:
...blockchains today aren’t like the Internet in 1996; they’re more like Linux in 1996. That is in no way a dig — but, if true, it’s something of a death knell for those who hope to profit from mainstream usage of blockchain apps and protocols.
Decentralized blockchain solutions are vastly more democratic, and more technically compelling, than the hermetically-sealed, walled-garden, Stack-ruled Internet of today. Similarly, open-source Linux was vastly more democratic, and more technically compelling, than the Microsoft and Apple OSes which ruled computing at the time. But nobody used it except a tiny coterie of hackers. It was too clunky; too complicated; too counterintuitive; required jumping through too many hoops — and Linux’s dirty secret was that the mainstream solutions were, in fact, actually fine, for most people.
We're going to see fantastic creations because of blockchain; and perhaps blockchain will fundamentally change the financial industry. But blockchain isn't the revolutionary change the the internet was (and continues to be). The Linux analogy is a better fit.