The hype-fog surrounding the blockchain and its offspring crypto currencies is peaking. Is the blockchain revolutionary in scope? Absolutely. Will it all play out in line with the investment dollars? Not at all. This talk critiques the blockchain ecosystem. ICOs have resulted in some twenty billion dollars flowing into projects even as bubble indicators flash red. Bitcoin has the Midas touch. But there's manifest blindness elsewhere, and speaker decimates most half-baked, misconceived blockchain applications attracting funding. The session highlights that very few tokens will deliver lasting value as the next Google or Amazon, and there will be a crash before things normalize. Speaker has been a part of the euphoria surrounding this technology, as well as a student of its superb prowess. Divided into three parts, Part I of the talk narrates the origin of the blockchain culminating in the ICO boom. The second discusses four specific aspects - decentralisation, trust and truth, security and scalability. Part III exposes the fallacy of viewing every database as a nail for the blockchain hammer, debates the value embedded in tokens, their mispricing and susceptibility to fraud and finally highlights the blockchain as futuristic technology.