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The blockchain is a threat to the distributed future of the Internet

lasindias.com

71–79 of 79 posts

Re: The blockchain is a threat to the distributed future of the Internet

#71

Earlier quoted context omitted.

How about a Docker instance?

Compare setting up Docker and Wordpress to what Animats just said. Then you'll know why that's hilarious. You've managed to move the problem from one piece of software to another.

The original proposal was for the setup to be automated.

Re: The blockchain is a threat to the distributed future of the Internet

#72

Earlier quoted context omitted.

Compare setting up Docker and Wordpress to what Animats just said. Then you'll know why that's hilarious. You've managed to move the problem from one piece of software to another.

The original proposal was for the setup to be automated.

Is it as simple as filling out a form on the Internet, getting login credentials, and not thinking about it from there? That is automated and manages itself. What's the Docker + Wordpress version of that?

Re: The blockchain is a threat to the distributed future of the Internet

#73

Imagine if BitTorrent, or Freenet/IPFS/GNUNet/etc. used a blockchain. They'd be completely infeasible for anyone except Google: you'd need petabytes of storage on your computer just to download a single movie (or a Linux ISO, or whatever). But they don't do that. These systems are actually distributed, and that's why they work.

The blockchain could just contain the .torrent file and not the actual content.

Re: The blockchain is a threat to the distributed future of the Internet

#74
post #70
post #67

Earlier quoted context omitted.

> Proof-of-work creates an illusion of dependence on blockchain miners. PoW depends on blockchain miners by definition and the Bitcoin experience shows that at the end you have a concentration of power. > With that said, it's still unclear whether blockchains are the right choice for publishing. It is very clear that blockchains ARE NOT the right choice for publishing, its limitations for that purpose are based on st…

Technological frontiers are no place for dogma. Sure, blockchains probably aren't a good choice for publishing, but a culture that constrains people's technology choices is incompatible with progress.

This is not dogma but computer science research, you need to find the right tools for the right problem.

BTW one of my companies is focused in blockchain, cryptocurrencies, etc and I can't believe the level of hype experienced there. For example, I read about the DAO Ethereum crowdsale but we experience serious technical issues with Ethereum that clash with that hype.

Re: The blockchain is a threat to the distributed future of the Internet

#75

Earlier quoted context omitted.

The original proposal was for the setup to be automated.

Is it as simple as filling out a form on the Internet, getting login credentials, and not thinking about it from there? That is automated and manages itself. What's the Docker + Wordpress version of that?

It would be the same, but have benefits in terms of isolation and cost to the provider.

Re: The blockchain is a threat to the distributed future of the Internet

#76

Earlier quoted context omitted.

Is it as simple as filling out a form on the Internet, getting login credentials, and not thinking about it from there? That is automated and manages itself. What's the Docker + Wordpress version of that?

It would be the same, but have benefits in terms of isolation and cost to the provider.

So, you don't have to install Docker, administer a server, do updates, back up data, and deal with ISP's over outages? I didnt realize Docker was that far along in zero management and maintenance. Send me a link so i can try that out.

Re: The blockchain is a threat to the distributed future of the Internet

#77

Earlier quoted context omitted.

Is $70 ludicrous because that is what T-Mobile's US plan with international roaming costs. They did that 2 years ago, I don't know what is available now.

Does that include unlimited transfer at no extra cost while roaming internationally? The blockchain is huge.

Yeah it does, which is why I said the blockchain can be synced with it.

Re: The blockchain is a threat to the distributed future of the Internet

#78

Earlier quoted context omitted.

What part isn't true, specifically? We are dependent on blockchain miners, because without them our transactions don't get accepted. Moreover we have a couple established big players that control the market and no clear way for them to get disrupted, save abandoning Bitcoin entirely. Blockchains are much more than receipt paper. Receipt paper is a superfluous byproduct. The blockchain is the system of record.

One idea I had was if it is possible to somehow have all the miners "guessing" where the next block is going to be signed. A correct guess would net a bit of the transaction fee. Huge server farms concentrated in an area would therefore lose out, because everyone would guess that location. The biggest difficulty would be accurately identifying where the signature came from, but with clever timing mechanisms, it might…

I believe Ethereum does something like this:

"The Casper protocol is intended to offer stronger finality guarantees than proof of work. First, there is a standard definition of “total economic finality”: it takes place when 2/3 of all validators make maximum-odds bets that a given block or state will be finalized. This condition offers very strong incentives for validators to never try to collude to revert the block: once validators make such maximum-odds bets, in any blockchain where that block or state is not present, the validators lose their entire deposits. As Vlad Zamfir put it, imagine a version of proof of work where if you participate in a 51% attack your mining hardware burns down."

https://blog.ethereum.org/2016/05/09/on-settlement-finality/

Re: The blockchain is a threat to the distributed future of the Internet

#79
post #73

Imagine if BitTorrent, or Freenet/IPFS/GNUNet/etc. used a blockchain. They'd be completely infeasible for anyone except Google: you'd need petabytes of storage on your computer just to download a single movie (or a Linux ISO, or whatever). But they don't do that. These systems are actually distributed, and that's why they work.

The blockchain could just contain the .torrent file and not the actual content.

Precisely. People imagine the entire data related to all aspects of a process executing on Blockchain, will be resident on the Blockchain.

On the contrary, it would be as lightweight as possible. And the transactions in a Block, could point to trusted Oracles outside the Blockchain. And usecase involving streaming content like Movies (the example given by GP) would definitely NOT have the content on the Blockchain.

Rather, just the urls to trusted oracles, in the txn. With the hash of the txn, present in the Merkle Tree in the Block, for verification purposes, so that other parties can quickly verify the block is not fraudulent or tampered with.

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