Because you don't use a blockchain unless you really need it.
Despite some of the hype, blockchains are "incredibly inefficient," "It's worth paying the cost when you need the decentralization, but it's not when you don't."
Marc Hochstein is the managing editor of CoinDesk and a former editor-in-chief of American Banker.
The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.
Last month I had the plum assignment of interviewing Naval Ravikant for CoinDesk's Most Influential in Blockchain 2017 series. During our conversation, the AngelList co-founder shared an insight that I just couldn't fit into the profile, but it was pretty mind-blowing, so I'm going to lay it on you here.