This document discusses the current state of blockchain development. It notes that blockchain technology is still very young but has potential uses that have not been foreseen. Examples are given of past technologies like the steam engine and telephone that ended up being used in unexpected ways beyond their original purposes. The document also acknowledges that many projects in the blockchain space currently lack rigor and that not all failed projects are scams. It stresses the importance of properly defining concepts to improve discourse around this emerging technology.