71–80 of 360 posts
tl;dr - A16Z is reclassifying themselves as an "investment advisor", which will allow them to make riskier bets (crypto, real estate, etc). They'll still invest in startups like any other VC firm.
Sounds like they'll blow up their wallet next
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Can you provide a single problem where the right solution space is blockchain? Ive thought about this a good amount, and cannot come up with a single use case where current established centralized technology is not a better solution.
Real estate, particularly with regards to ownership and property title. Ownership of a property is a difficult concept to prove, and there is an enormous industry of title insurance which exists to dig through the records and insure a purchase against unknown claims against the property. A public ledger would make property title/ownership simple and knowable. Overall I think blockchain technology is incredibly over-h…
Only if all the property records are already in the ledger, right? If I buy a house via blockchain, someone can still come along and say their great-aunt should have inherited it 80 years ago, before blockchain records existed. So you still need title companies.
I don’t know much about their business but I tried listening to their podcast, it was just ads for their companies and ideas. Couldn’t take it.
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Can you provide a single problem where the right solution space is blockchain? Ive thought about this a good amount, and cannot come up with a single use case where current established centralized technology is not a better solution.
Real estate, particularly with regards to ownership and property title. Ownership of a property is a difficult concept to prove, and there is an enormous industry of title insurance which exists to dig through the records and insure a purchase against unknown claims against the property. A public ledger would make property title/ownership simple and knowable. Overall I think blockchain technology is incredibly over-h…
Company ownership information seems like much the same thing, and is a solved problem in all countries (that want to have solved it).
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Can you provide a single problem where the right solution space is blockchain? Ive thought about this a good amount, and cannot come up with a single use case where current established centralized technology is not a better solution.
One problem that I think blockchains could be well suited for is the storage of police evidence. Not physical evidence of course, but anything that could be turned into data. There was a scene in the show Billions where U.S. prosecutors tampered with evidence in the from of notes taken while interviewing persons of interest. Since blockchains are at their core a tamper-proof append-only data store, if those notes had…
I'm disheartened by the power wielded by so few in the American King Making Machine called the Silicon Valley.
and their power and risk ability (affinity?) even affects businessmen trying to run sincere business for profit all the way here in India too
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Game items like weapons and shields in an RPG game. Imagine if there is a global database of such items and different game developers build different games around it. So you could use your items in different games. What centralized entity would you trust to run and maintain this database? What if this centralied goes bankrupt and shuts down the servers? If you are a small game developer, you are screwed. Even if it's…
> to use for this purpose without fearing that it will get shut down, or the rules would be changed. Looking at the hard forks in existing cryptocurrencies I wouldn't trust the rules to not change
Compare this to a centralized entity like Blizzard changing rules in World of Warcraft. Wouldn't you agree that it's much much easier for Blizzard to change the rules in their game, than to change the rules of a blockchain by hard forking?
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Can you provide a single problem where the right solution space is blockchain? Ive thought about this a good amount, and cannot come up with a single use case where current established centralized technology is not a better solution.
IMO the original use case of just Bitcoin is still by far the most compelling. A non-inflationary store of value not unlike gold, but it can be transferred for a very low cost anywhere in the world in minutes. I think the same arguments that come up about privacy can also apply to currency - I'm not doing anything illegal, why I do I care if I'm being monitored? or I'm not buying anything illegal, why do I care if ba…