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Ask HN: Does the blockchain improve any parts of the existing tech stack by 10x?

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Re: Ask HN: Does the blockchain improve any parts of the existing tech stack by 10x?

#21
post #6
post #3

No.

Since you're big on privacy, do you see potential value in better user data systems created on distributed networks? Probably along these lines: https://ieeexplore.ieee.org/abstract/document/7163223

I stopped believing in privacy when the Canadian Gov froze bitcoin of protesters.

Regardless of my stance on the issue, it IMHO invalidated most of what bitcoin stood for (in my mind)

Re: Ask HN: Does the blockchain improve any parts of the existing tech stack by 10x?

#22
post #6

Earlier quoted context omitted.

Since you're big on privacy, do you see potential value in better user data systems created on distributed networks? Probably along these lines: https://ieeexplore.ieee.org/abstract/document/7163223

I stopped believing in privacy when the Canadian Gov froze bitcoin of protesters. Regardless of my stance on the issue, it IMHO invalidated most of what bitcoin stood for (in my mind)

Bitcoin cannot be frozen by governments, if you control your private key. It's math.

Re: Ask HN: Does the blockchain improve any parts of the existing tech stack by 10x?

#23
Blockchain is a buzzword, used to trick VCs to pour money in shady bizs.

Blockchain is only good for what Bitcoin does, namely, a distributed ledger for unstoppable, permissionless transactions between peers.

Without a trusted third-party acting as a middle-man.

Is that not enough?

Re: Ask HN: Does the blockchain improve any parts of the existing tech stack by 10x?

#24
I would say there is a lot of potential. I think in ten years every enterprise product, and major websites will have some kind of blockchain associated

Crypto, reputation, hosting, authentication, spam, advertising, captcha, auditing, consensus... Blockchain is more than just crypto

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