"Sixty years in, nobody has come up with a use for linked lists."
Ten years in, nobody has come up with a use for blockchain
131–140 of 216 posts
Re: Ten years in, nobody has come up with a use for blockchain
#132Earlier quoted context omitted.
So 10-15 more years? In the meantime we can use blockchain/bitcoin to scam money from grandmas, retired folks, and millenials. So they can hate us technologists even more. Oh, and cause global warming and destroy the planet. That way humans will have to come up with a non-government backed currency.
I’m worth 13 million dollars because of crypto and I’ve diversified half... tell me more about how Bitcoin is a scam. :)
Im worth 16m because if the tulip bulbs I own.
Did you diversify into other crypto currencies? You are only worth anything once you actually cash out into USD
Re: Ten years in, nobody has come up with a use for blockchain
#133Earlier quoted context omitted.
> Digital Pokemon cards, 2nd hand ebooks market, 2nd hand digital assets market None of these are realistic examples. Do you think Nintendo won't want a piece of that digital trading market? Or Amazon, for ebooks? Digital assets aren't going to be decentralized. Never. Corporations are going to maintain their walled garden platform, and make sure all transactions are conducted within that platform so they scrape off…
"Digital pokemon cards" is already a thing it of course wasn't meant literally https://www.cryptokitties.co/ some of those got sold for $100K There are plenty of opensourced games out there and plenty of opensource projects and there will only be more in the future. Every new generation growing up is a new generation who will be affected by other things than the previous generation. Everyone also laughed when I in th…
Cryptokitties is little more than a scam to bring kids into the world of Ethereum speculation. They make part of their money via their marketplace, which of course has zero to do with the blockchain. Most people aren't going to care who "owns" the digital asset, as you can't do much with the asset outside of the software that uses the digital asset. Which is going to be 100% owned by the digital creator. Nintendo isn't going to give up copyright of Pikachu so that some third party can create an app to interact with a blockchain Pikachu. Come on now. The visual and audio representation dictates where centralization will happen.
Not to mention that Cryptokitties is "backdoored" by CEO/CFO/COO functions. Which means the company has full control over the contract, even if the contract itself is "decentralized" (more like externalized, if anything). They can halt trading of the assets any time they desire.
> Everyone also laughed when I in the 90'ies said you would one day be able to score girls from being good at playing computer games.
I have no idea where you're going with this. Are you talking about e-Sports? This is the first I've heard of anyone "scoring girls" with computer games.
Re: Ten years in, nobody has come up with a use for blockchain
#134Earlier quoted context omitted.
This is a particular use for a public database. The public database must be writable (only) by the corrupt authorities. What exactly does a blockchain do to make the authorities non-corrupt here?
The data is stored on a decentralized database (many nodes). I buy my house and am send the rights to that land on a blockchain. Only someone with the private keys to my address/account/whatever could send that house to someone else. The scale of the network should make it impossible for the database to be corrupted. The whole idea here is distributed trust
> Only someone with the private keys to my address/account/whatever could send that house to someone else.
And that is exactly the opposite of what a land title database is. The authorities must be able to transfer your house to your heirs if you die. The authorities must be able to take away your deed in certain cases. The authorities must be able to correct entries in the database. They must be able to override things.
Land titles are worthless if they are not enforced by courts, and courts will not enforce land titles in a database that has illegal entries.
Re: Ten years in, nobody has come up with a use for blockchain
#135Earlier quoted context omitted.
This probably has to do with payments the banks are making to each other, not between banks and clients. If banks are paying each other, there's going to be a nonzero cost associated with the accounting for those transactions, and this system would remove that cost. What I didn't understand from the article was the point about membership. If the contributing banks are the only ones using it, why is it giving informat…
> If banks are paying each other, there's going to be a nonzero cost associated with the accounting for those transactions, and this system would remove that cost Wouldn’t it just amplify it? Right now, central banks just set up swap facilities between each other. It’s akin to opening a bank account with one another. Crediting, debuting and undoing anything nefarious is cheap and easy.
You are confusing transaction clearing with actual account settlements.
Banks want to use Blockchain as a more reliable alternative to SWIFT it won’t be doing actual account settlements which in your case you mentioned corresponding banking.
That said many of the more progressive institutions stopped calling it Blockchain a while ago they all are talking about distributed ledgers, hyper ledger and the likes are being either used or piloted by many institutions.
The ones that do use Blockchain often mean today actual crypto currency or a settlemen token a good example of a “real world” implementation would be Royal Mint Gold which is a crypto token offered by the Royal Mint which is pegged to gold.
Re: Ten years in, nobody has come up with a use for blockchain
#136Here's a vague idea... How about a reputation ledger? My reputation will accumulate over time, and people will trust me, simplifying some transactions. For example I could rent a short-term stay at a lower rate because I am such a nice fellow and will never mess anything up. Because my reputation has direct monetary value I would be hesitant to mess it up by being a dick, unless for a very big gain. The counter-parti…
I would NOT necessarily suggest Verify.as as an investment by any means but what they're trying to accomplish is quite similar.
If you can track reputation fairly then every time you make a transaction you don't have to go to court because its expensive and time consuming.
Re: Ten years in, nobody has come up with a use for blockchain
#137Earlier quoted context omitted.
"Digital pokemon cards" is already a thing it of course wasn't meant literally https://www.cryptokitties.co/ some of those got sold for $100K There are plenty of opensourced games out there and plenty of opensource projects and there will only be more in the future. Every new generation growing up is a new generation who will be affected by other things than the previous generation. Everyone also laughed when I in th…
Cryptokitties is little more than a scam to bring kids into the world of Ethereum speculation. They make part of their money via their marketplace, which of course has zero to do with the blockchain. Most people aren't going to care who "owns" the digital asset, as you can't do much with the asset outside of the software that uses the digital asset. Which is going to be 100% owned by the digital creator. Nintendo isn…
You can buy fake physical Pokemon cards that don't change the fact that someone will pay for the original.
You are missing the larger point because you focus on the smaller technical details.
Things don't have to be perfect to be successful.
Again. Either you understand the larger perspective of cryptocurrencies, blockchain and tokens or you don't.
Re: Ten years in, nobody has come up with a use for blockchain
#1381. Blockchain technology could be theoretically used to secure elections.
Some example usage: When people register to vote, assist them with setting a key pair and allow them to enter their public key with their registration. They could then verify how their vote was counted after the election.
Not sure if it would be superior to paper voting still as it could then be used to buy votes, but maybe there are some narrow applications, or a multi-sig approach where someone could know, but not prove it is their vote without the help of a third party. It is still better than current electronic-voting in this scenario.
As a side note, there is definitely a use for public key registration associated with government identification as it would solve ID theft for good.
2. It could also be used for public records and secure/lower cost for chain of custody applications.
Re: Ten years in, nobody has come up with a use for blockchain
#139There are countless examples where a promising innovation, or even a seemingly useless but novel result became important at a much later date than 10 years.
Even the Internet was criticized by some after 10 years for failing to live up to “change everything” hype, and it’s true it hadn’t really close to doing so at the time. Some companies like Blockbuster Video weren’t a bit concerned for quite a while.
To me the current state of blockchain applications doesn’t tell us much about what it’s ultimate utility will end up being.
Re: Ten years in, nobody has come up with a use for blockchain
#1401. Blockchain technology could be theoretically used to secure elections. Some example usage: When people register to vote, assist them with setting a key pair and allow them to enter their public key with their registration. They could then verify how their vote was counted after the election. Not sure if it would be superior to paper voting still as it could then be used to buy votes, but maybe there are some narro…
For 1: Do you need blockchain at all? Or do you need public/private key signing?