Ten years in, nobody has come up with a use for blockchain
1–10 of 216 posts
Re: Ten years in, nobody has come up with a use for blockchain
#2Hopefully this thread will be different than all the others. Someone is likely to appear here with a counterargument, which I'm looking forward to reading.
However, in addition to any counterarguments, please describe why standard tech and/or a 3rd_party is insufficient for your proposed use-cases. This is HackerNews after all, and we desire the deeply technical discussion and context, not propaganda.
Re: Ten years in, nobody has come up with a use for blockchain
#3This article reminds me of Clifford Stolls 1995 article http://www.newsweek.com/clifford-stoll-why-web-wont-be-nirva...
In which he says how the promises of the internet have been inflated.
Progress is generally on the exponential (or sigmoid) curve, so it’s slow at first, but explosive later.
Re: Ten years in, nobody has come up with a use for blockchain
#4Hopefully this thread will be different than all the others. Someone is likely to appear here with a counterargument, which I'm looking forward to reading. However, in addition to any counterarguments, please describe why standard tech and/or a 3rd_party is insufficient for your proposed use-cases. This is HackerNews after all, and we desire the deeply technical discussion and context, not propaganda.
“What’s the point of http when you can write a custom protocol”.
It’s not about the single solutions themselves, it’s about the ecosystem of solutions that you can integrate relatively painlessly. Same reason why standards are important.
What do you consider standard tech btw?
Re: Ten years in, nobody has come up with a use for blockchain
#5This is such a breath of fresh air.
Re: Ten years in, nobody has come up with a use for blockchain
#6This article reminds me of Clifford Stolls 1995 article http://www.newsweek.com/clifford-stoll-why-web-wont-be-nirva... In which he says how the promises of the internet have been inflated. Progress is generally on the exponential (or sigmoid) curve, so it’s slow at first, but explosive later.
Internet connected the world, and changed how we interact fundamentally. Blockchain uses the internet to create politically resistant money as a primary use case. Just not seeing how blockchain fits into any ongoing revolution, in part because it only can exist because of government/corporate controlled pipes on which it relies.
Re: Ten years in, nobody has come up with a use for blockchain
#7This article reminds me of Clifford Stolls 1995 article http://www.newsweek.com/clifford-stoll-why-web-wont-be-nirva... In which he says how the promises of the internet have been inflated. Progress is generally on the exponential (or sigmoid) curve, so it’s slow at first, but explosive later.
Internet connected the world, and changed how we interact fundamentally. Blockchain uses the internet to create politically resistant money as a primary use case. Just not seeing how blockchain fits into any ongoing revolution, in part because it only can exist because of government/corporate controlled pipes on which it relies.
Right, block chain will do the same. The ongoing revolution is the fight against ruling classes, same as over the last 5000 years.
Not really true that it depends on the government. And even if it is, you only need like one government supporting it for it to be valuable.
Why couldn’t your argument be used to say the internet won’t work?
Re: Ten years in, nobody has come up with a use for blockchain
#8Hopefully this thread will be different than all the others. Someone is likely to appear here with a counterargument, which I'm looking forward to reading. However, in addition to any counterarguments, please describe why standard tech and/or a 3rd_party is insufficient for your proposed use-cases. This is HackerNews after all, and we desire the deeply technical discussion and context, not propaganda.
I know this isn't an answer that you will like....but blockchain allows me to invest in high risk investments that would typically only be allowed for accredited investors. Having the shares/coins in a blockchain provides for transparency and authenticity and makes legit companies act in a way that is generally favorable for the small time investor
Re: Ten years in, nobody has come up with a use for blockchain
#9This article reminds me of Clifford Stolls 1995 article http://www.newsweek.com/clifford-stoll-why-web-wont-be-nirva... In which he says how the promises of the internet have been inflated. Progress is generally on the exponential (or sigmoid) curve, so it’s slow at first, but explosive later.
Similarly, during the late 1990s, people tried to make an internet version of EVERYTHING, even when it made zero sense. That’s where we are with blockchain today.
Re: Ten years in, nobody has come up with a use for blockchain
#10This article reminds me of Clifford Stolls 1995 article http://www.newsweek.com/clifford-stoll-why-web-wont-be-nirva... In which he says how the promises of the internet have been inflated. Progress is generally on the exponential (or sigmoid) curve, so it’s slow at first, but explosive later.
Similarly, during the late 1990s, people tried to make an internet version of EVERYTHING, even when it made zero sense. That’s where we are with blockchain today.
Right. That’s how technology works.
But internet right now is undeniable. Block chain will be the same.