Earlier quoted context omitted.
But fault tolerance, consensus or mining are not a necessary part of blockchain either.
Consensus certainly is.
Medical records on the blockchain – the history of a bad idea
81–90 of 154 posts
Re: Medical records on the blockchain – the history of a bad idea
#82Earlier quoted context omitted.
Or in-person. Any criminal transactions, really (drugs, weapons, people, etc.)
> Where cash is still a better alternative. I suspect not too many drug dealers or gun runners want to wait around 20 mins staring at their phone (with a traceable internet connection) for 2 confirmations before declaring the deal "done"...
Re: Medical records on the blockchain – the history of a bad idea
#83Earlier quoted context omitted.
I've discovered that some people say "blockchain" when they mean "immutable, distributed, cryptographically-verified database" -- which is actually a useful thing for many people. The Byzantine fault tolerance, public consensus, and mining aspects that we associate with "true" blockchains are the parts that people can't find a way to justify and can typically be ignored.
But fault tolerance, consensus or mining are not a necessary part of blockchain either.
Re: Medical records on the blockchain – the history of a bad idea
#84Earlier quoted context omitted.
Okay, let’s see: how does that benefit me in real, tangible terms? What risks does it have - for example, do users take on responsibility for fraud risk?
> Okay, let’s see: how does that benefit me in real, tangible terms? It allows you to store and transfer value in situations where you either cannot obtain, or do not trust your available banking relationships. You also have much, much lower fees for international remittance. > What risks does it have - for example, do users take on responsibility for fraud risk? It has two primary risks: - Transaction finality. This…
Re: Medical records on the blockchain – the history of a bad idea
#85Re: Medical records on the blockchain – the history of a bad idea
#86Earlier quoted context omitted.
I've discovered that some people say "blockchain" when they mean "immutable, distributed, cryptographically-verified database" -- which is actually a useful thing for many people. The Byzantine fault tolerance, public consensus, and mining aspects that we associate with "true" blockchains are the parts that people can't find a way to justify and can typically be ignored.
Without those other "negligible" aspects there is no incentive for anyone to run nodes to validate the chain. There is no blockchain. It's those very things that allow these systems to function.
You can still work with those people if you revise the definition for "blockchain" in your mind into something that isn't really a blockchain.
Re: Medical records on the blockchain – the history of a bad idea
#87Earlier quoted context omitted.
> Okay, let’s see: how does that benefit me in real, tangible terms? It allows you to store and transfer value in situations where you either cannot obtain, or do not trust your available banking relationships. You also have much, much lower fees for international remittance. > What risks does it have - for example, do users take on responsibility for fraud risk? It has two primary risks: - Transaction finality. This…
So, if, say you own some underutilized hydropower in China it's a good way to exfiltrate value from that economy and turn it into some slightly less volatile asset, like Ferarris or beach real estate in Florida?
Re: Medical records on the blockchain – the history of a bad idea
#88Hard not to imagine a pompous Brit spraying saliva everywhere while reading this. To the content - there is only one way to place data on the cloud that is impervious to all global state, corporate and nefarious actors. That is with a robust blockchain. Whether or not you think that is useful in medical records is another story. I've been a medical doctor for 10 years and think that it is.
> I've been a medical doctor for 10 years and think that it is. Can you explain how blockchain is useful for this in a more nuts-and-bolts way?
I say this having also been a medical doctor for 10 years.
Re: Medical records on the blockchain – the history of a bad idea
#89Earlier quoted context omitted.
If you could tell me even one application of this technology outside of cryptocurrency, I'd genuinely be interested.
* Decentralized, anonymized reputation management. Imagine an ebay score that couldn't be owned by ebay, or any another company. * Decentralized digital Asset ownership verification. Again, imagine facebook without a facebook. Or imagine purchase a music or software token that you could use on any provider, and never expired. Sign up for a new streaming service and take all your songs/videos/games with you from the o…
There are about 500 articles every week about China's "social credit score" dystopia, and you want to put that on the block chain?
Re: Medical records on the blockchain – the history of a bad idea
#90Earlier quoted context omitted.
Okay, let’s see: how does that benefit me in real, tangible terms? What risks does it have - for example, do users take on responsibility for fraud risk?
> Okay, let’s see: how does that benefit me in real, tangible terms? It allows you to store and transfer value in situations where you either cannot obtain, or do not trust your available banking relationships. You also have much, much lower fees for international remittance. > What risks does it have - for example, do users take on responsibility for fraud risk? It has two primary risks: - Transaction finality. This…
This is already a small percentage of people but it’s smaller still when you realize that it requires full access to the blockchain network and a solid local network of people who accept it and/or convert into local currency at low rates, not to mention that since the model is so well-suited to support oppressive regimes you’re really only talking about people who live in countries which have collapsed into disfunction but not authoritarianism.
> You also have much, much lower fees for international remittance.
From whom? What are the actual rates?
> Risk that you improperly handle your private key and have your funds stolen.
This is a big caveat for most people since “handle improperly” actually means “never use buggy or untrustworthy software, get mugged, etc. The benefits listed above don’t apply to most people enough to be worth that big of a risk transfer.