There's No Good Reason to Trust Blockchain Technology • Hacker News Board

Re: There's No Good Reason to Trust Blockchain Technology

#161

Post by fdggdfsvscvsd » Mon, Feb 11, 2019, 11:20 PM UTC

tim333 wrote: post #157

fdggdfsvscvsd wrote: post #153

Earlier quoted context omitted.

I don't fully understand the concept of sea lioning. Basically asking any question at all is "sea lioning", if the person being asked doesn't want to answer? OP made one statement, I asked one question, and it is sea lioning? Is that some kind of hyper progressive safe space thing? Please explain. I'd like to be a good citizen.

"Sealioning is a type of trolling or harassment which consists of pursuing people with persistent requests for evidence or repeated questions, while maintaining a pretense of civility." (wikipedia)

Thanks - so asking a single question can hardly be called sealioning.

Re: There's No Good Reason to Trust Blockchain Technology

#162

Post by Zaskoda » Tue, Feb 12, 2019, 10:08 PM UTC

optimuspaul wrote: post #73

baxtr wrote: post #8

I hate blockchain so much and I can’t even exactly say why. Not because of the technology itself. I care about it as much as any other technology. I think it’s because of the sleazy non-tech people that suddenly turned into “experts” raising money for their BC startup, people organizing meetups, becoming “consultants” and of course the whole crypto craze... I really wish it will die soon.

I also hate blockchain but I can say exactly why. Someone came up with a hard problem and created an overly complex and inefficient solution to it. So I have two issues with it. 1) I don't buy that the original problem it sought to solve, which I believe is currency related, but let's say it's trust in a distributed system where trust does not exist. I don't believe that is an actual problem that should be solved wit…

What "problem" do you feel like the Internet itself "solved" ?

The mentality that you need to have a problem to solve in order to justify your company has some real value to it. However, somehow this has expanded into the notion that every piece of tech that doesn't solve an explicit problem has no value. The existence of the gaming industry shows that this is not the case.

Re: There's No Good Reason to Trust Blockchain Technology

#163

Post by Zaskoda » Tue, Feb 12, 2019, 10:12 PM UTC

fdggdfsvscvsd wrote: post #161

tim333 wrote: post #157

Earlier quoted context omitted.

"Sealioning is a type of trolling or harassment which consists of pursuing people with persistent requests for evidence or repeated questions, while maintaining a pretense of civility." (wikipedia)

Thanks - so asking a single question can hardly be called sealioning.

Seems that accusing people of sea lioning is also a good way to dodge addressing a serious question. Someone will have to make another animal based metaphor for that some time.

Re: There's No Good Reason to Trust Blockchain Technology

#164

Post by astrodust » Tue, Feb 19, 2019, 6:11 PM UTC

fdggdfsvscvsd wrote: post #142

astrodust wrote: post #116

Earlier quoted context omitted.

When the Bitcoin network goes offline then every BTC in existence will be worth exactly $0.0000. When Zimbabwe blew up their money the bills themselves still had marginal utility as wallpaper or as collectibles. Collectively these bills are probably worth millions because there were so many of them. If you have any Reichmarks around they're actually worth a fair bit considering they're not legal tender. Bills on eBay…

I doubt Zimbabwe Dollar paper is worth millions, but OK... I'll check the value of the Reichsmark, but again, I suspect the market is limited. Network going down: in theory you could keep it up with a Raspberry Pie, so I suppose somebody will. Although I don't know if all the mining hardware out there would make it nonviable (as anybody could start a mining attack with such mining hardware, against a Pie). As for pro…

1€ is an infinitely larger amount for an old "worthless" bit of paper than anyone will pay for any amount of Bitcoin when the network collapses.

I don't mean it "goes offline", I mean that the blockchain is compromised by a 51% attack or something worse and the whole thing can't be trusted, so nobody cares about it at all.