Why “blockchain” is BS in 4 slides
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Why “blockchain” is BS in 4 slides
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Re: Why “blockchain” is BS in 4 slides
#2Isn't he discussing cryptocurrencies in particular rather than blockchain in general? There are many uses for blockchain other than as a cryptocurrency.
Correct me if I'm wrong - I'm not an expert in blockchain by any means.
Re: Why “blockchain” is BS in 4 slides
#3This is an exceptionally terrible 'presentation'.
He says something about distributed trust and then puts 'THIS IS A LIE'. That's not evidence and it isn't an argument.
He states that developers act as a central authority, which as it relates to the rules of creating new units and where they go to, is not true, since those rules are already established for the given chain.
He says there is a fee auction death spiral, which also is demonstrably false. Even bitcoin, with it's ludicrous restriction of throughput by political means, hasn't actually gone through a death spiral from fees which rationally should have made anyone think very hard about its future.
He says almost every exchange is full of fraud. This is debatable, but does not actually have anything to do with crypto-currencies (which is what he is actually talking about instead of "blockchain").
The last slide is basically just venting about stupid things people have done and bought in to, but also has nothing to do with crypto-currencies not working.
It's amazing to me that people seem so certain of themselves while having such hollow arguments.
Re: Why “blockchain” is BS in 4 slides
#4This is an exceptionally terrible 'presentation'. He says something about distributed trust and then puts 'THIS IS A LIE'. That's not evidence and it isn't an argument. He states that developers act as a central authority, which as it relates to the rules of creating new units and where they go to, is not true, since those rules are already established for the given chain. He says there is a fee auction death spiral,…
It's a presentation deck not a paper.
Re: Why “blockchain” is BS in 4 slides
#5Isn't he discussing cryptocurrencies in particular rather than blockchain in general? There are many uses for blockchain other than as a cryptocurrency. Correct me if I'm wrong - I'm not an expert in blockchain by any means.
is there a spec for block chain? i'm confused by what people mean by block chain and the only thing i can find is this loosely written white paper
Re: Why “blockchain” is BS in 4 slides
#6This is an exceptionally terrible 'presentation'. He says something about distributed trust and then puts 'THIS IS A LIE'. That's not evidence and it isn't an argument. He states that developers act as a central authority, which as it relates to the rules of creating new units and where they go to, is not true, since those rules are already established for the given chain. He says there is a fee auction death spiral,…
It's a presentation deck not a paper.
I'm not sure how that changes the fact that everything he says is either completely untrue or irrelevant. If you want to point out an inaccuracy in what I've said, feel free.
Re: Why “blockchain” is BS in 4 slides
#7Isn't he discussing cryptocurrencies in particular rather than blockchain in general? There are many uses for blockchain other than as a cryptocurrency. Correct me if I'm wrong - I'm not an expert in blockchain by any means.
is there a spec for block chain? i'm confused by what people mean by block chain and the only thing i can find is this loosely written white paper
The original Bitcoin paper is essentially a description of the blockchain.
Re: Why “blockchain” is BS in 4 slides
#8[deleted]
Re: Why “blockchain” is BS in 4 slides
#9Isn't he discussing cryptocurrencies in particular rather than blockchain in general? There are many uses for blockchain other than as a cryptocurrency. Correct me if I'm wrong - I'm not an expert in blockchain by any means.
> There are many uses for blockchain other than as a cryptocurrency.
Well, yes, but most of them (my pet peeve being voting) are as bullshit as cryptocurrency. Do you have an example that is not a bullshit?
Re: Why “blockchain” is BS in 4 slides
#10Earlier quoted context omitted.
It's a presentation deck not a paper.
I'm not sure how that changes the fact that everything he says is either completely untrue or irrelevant. If you want to point out an inaccuracy in what I've said, feel free.
> I'm not sure how that changes the fact that everything he says is either completely untrue or irrelevant.
I don't see how you have enough information to make that determination. It's a presentation deck. Those are just bullet points, not the arguments you would (presumably) hear in the full presentation.