41–50 of 101 posts
> “This year we’re really focused on making sure our technology is mature enough to have real, live products,” Schiener said. Outage of 12 days and counting... Why won’t anyone put us in production..
Still waiting for a use case of blockchain outside cryptocurrency also.
There isn't. If there are, none of them would be viable for-profit business entities like they're claiming. I can see a nameserver (like DNS) using a blockchain. Or maybe a distributed identity service can use a blockchain. These would have to function as public goods owned by no one; otherwise why not use existing DNS or existing government IDs. This pretty much rules out any mention of "blockchain" in a for-profit…
It’s not really usable though; all the “dns on blockchain” means just “well we can store arbitrary data on the blockchain, some are parseable as DNS records maybe, and then I guess we can parse all the chain to get all the records???”
it was as meaningful in 2011 as it is in 2020
This project is the gift that keeps on giving when it comes to hilarity and schadenfreude. Custom hash function? Bizarre obsession with trinary? Complete centralization in a space where decentralization is the point? Constant big announcements with no substance? I love watching these guys and their supporters. It's like watching an internet cult in real time.
The thing is I think he's smart and a programmer with the head in the right place and has made a ton of very good decisions at work. So if you think these projects only attract idiots and fools you're wrong. Smart people can also be fooled.
Earlier quoted context omitted.
Consider a timestamping service that's based on mathematical proof instead of social proof.[0] But I agree, most often blockchain outside of a cryptocurrency doesn't make sense. This use case also depends on the security of an existing cryptocurrency. [0] https://whycryptocurrencies.com/timestamping_service.html
Decentralized timestamping is literally what Bitcoin is, there's no other way of describing it. Ordering transactions canonically is timestamping.
Crytpocurrencies are not valued on its software (even though paradoxically, what makes it different from other currencies is that it's only software). Otherwise the best software would have the highest market cap, which obviously isn't the case. This is true to such an extreme degree that it doesn't even matter if the cryptocurrency is used, works, or even have a single working implementation. Seriously, there are to…
> there are top >100M market cap coins that have never shipped a working binary. How do people know who has how many coins?
In the case of ERC style tokens, the token issuing contract holds a hashtable that links public addresses to a token balance as well as an invariant for totalSupply.
In any case, anyone with access to a block explorer or a node can query for an address and see its balance using the provided APIs (in ethereum it would be web3.eth.getBalance('0xdeacafe')
Still waiting for a use case of blockchain outside cryptocurrency also.
This project is the gift that keeps on giving when it comes to hilarity and schadenfreude. Custom hash function? Bizarre obsession with trinary? Complete centralization in a space where decentralization is the point? Constant big announcements with no substance? I love watching these guys and their supporters. It's like watching an internet cult in real time.
During a lunch the topic of cryptocurrencies came up and a co-worker of mine said he'd invested in IOTA and EOS (another nonsense coin). The thing is I think he's smart and a programmer with the head in the right place and has made a ton of very good decisions at work. So if you think these projects only attract idiots and fools you're wrong. Smart people can also be fooled.
Still waiting for a use case of blockchain outside cryptocurrency also.
Identity looks like a potentially interesting use case. https://www.computerworld.com/article/3244128/how-blockchain...
Could you have an identity where if the above happens you just start over? Yes, as long as it's not "too" expensive. But if you make it too cheap you risk Sybil attacks. So your identity system can't really be used for reputation. What's left? Not much IMO.
Timestamping use cases like 'I created this work of science/art at this time and I can prove it' are good, especially if you broker with an agent that can reliably and securely store keys. Identity is hard IMO.
This project is the gift that keeps on giving when it comes to hilarity and schadenfreude. Custom hash function? Bizarre obsession with trinary? Complete centralization in a space where decentralization is the point? Constant big announcements with no substance? I love watching these guys and their supporters. It's like watching an internet cult in real time.
During a lunch the topic of cryptocurrencies came up and a co-worker of mine said he'd invested in IOTA and EOS (another nonsense coin). The thing is I think he's smart and a programmer with the head in the right place and has made a ton of very good decisions at work. So if you think these projects only attract idiots and fools you're wrong. Smart people can also be fooled.
It would be nice to read an attack on the technology rather than an article highlighting hater quotes on the feuding misogynist, ego-maniacal founders. Iota remains a speculative cryptocurrency. It does not rely on the technology before it and is not a copy-paste crypto like many that came out of the last boom cycle. I still think it is quite innovative. That said, it may eventually fail due to its poor implementatio…
Where you got that from?