[leishman]

> This comment is peculiar - among technologists, for years the common refrain I’ve heard is “Bitcoin makes no sense but the underlying block chain ideas are very useful”.

That's because they have no idea what they're talking about. At a certain point you have to ask yourself why Bitcoin is worth $2T and no enterprise blockchain has ever taken off. How many years more of this trend is required to prove the "technologists" are wrong? It's already been 16 years.

And while I don't believe in appeal to authority, it's worth mentioning that I have been working in this field for pretty much my entire career and TA'd the first Stanford CS course on blockchains and crypto currencies in 2015. I very much know what I'm talking about and the people at Vanguard are blindly parroting what Deloitte and McKinsey are telling them about "blockchain".