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Why “blockchain” is BS in 4 slides

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Re: Why “blockchain” is BS in 4 slides

#11

Isn'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.

That's what people keep saying, but I'm yet to see one that is actually a blockchain (specifically, "private blockchains" are a nonsense concept, they're just merkel trees, like git uses), or isn't better solved by some other mechanism.

Re: Why “blockchain” is BS in 4 slides

#12

Isn'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

Here's a decent writeup on the blockchain: https://infogalactic.com/info/Blockchain

Re: Why “blockchain” is BS in 4 slides

#15

Earlier quoted context omitted.

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.

Did you read through it? I don't think any amount of explanation is going to take arguments that have been thoroughly debunked for year and suddenly make them a reality. If you want to be specific about anything he or I said, feel free.

Re: Why “blockchain” is BS in 4 slides

#17
In my travels across the country, one angle of cryptocurrencies I take solace in is its relative confinement to younger urban coastals (note: I'm one of these). Its proponents can, for the most part, afford to lose their investment. In a decade's time we'll have a generation of investors with a healthy sense of wariness.

Re: Why “blockchain” is BS in 4 slides

#18

Isn'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.

If you call it a block chain, you're almost certainly referring to cryptocurrency or some kind of monetary policy.

If you want to talk about something useful you were probably calling it something like a signed/verifiable log.

Re: Why “blockchain” is BS in 4 slides

#19

Earlier quoted context omitted.

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.

A blockchain is just 1 of the innovations that went into the bitcoin protocol.

Finally people are seeing that a blockchain without POW or censorship resistance is bullshit.

This is why bitcoin (cash) is more important than ever.

Re: Why “blockchain” is BS in 4 slides

#20

Earlier quoted context omitted.

> 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.

Did you read through it? I don't think any amount of explanation is going to take arguments that have been thoroughly debunked for year and suddenly make them a reality. If you want to be specific about anything he or I said, feel free.

> arguments that have been thoroughly debunked

Could you give one example of an argument made in the deck which has been "thoroughly debunked"?

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