321–330 of 650 posts
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You can only know my vote if you have a way to associate an address with an identity. Unless that's the case, you may be able to check the set of votes, but that's it.
Address records are very much not considered private. Yellow pages only stopped being printed in 2019. The information is still accessible.
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| 1-click pay something like 0.01$ to read article. How would this work in a way that takes gas/fees into consideration?
That's kind of the point: it's completely infeasible to do microtransactions with Ethereum, much less Bitcoin. At time of writing it costs around $23 (!) to do a single ETH transaction.
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I would say that the killer app currently is decentralised finance, lending and trading for example on the chain. The second killer app is NFTs, basically the exchange of art on the chain.
Hypothetically, NFTs are amazing. They have the potential to revolutionise royalties and help artist directly profit from the success of their work. There are successful marketplaces like Nifty Gateway for visual NFT's and some under development for music NFTs. But... Right now, Etheriums soaring 'gas' prices are basically freezing new entrants into the market. The cost of 'minting' a token on the blockchain right no…
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How is being able to do this good? There are reasons why this shit has been regulated.
It gives freedom to people, how is that bad? The whole point is that it's a permissionless, borderless technology that anyone can participate in. There's really nothing holding innovation back. Flash loans are an example of that innovation, where if you see an arbitrage opportunity in the market, you can profit from it even if you don't own huge capital, so it levels the playing field for all these financial actors.
See Chesterton's Fence: https://fs.blog/2020/03/chestertons-fence/
Building something useful on something that is primarily used as highly volatile financial speculation instrument always rubbed me the wrong way. The whole crypto scene is just about making quick dough with a technology, that for some reason remains hyped through and wrapped in mysticism. Face it, there is no sexy killer app for the masses. Wait. There is one: Crypto trading to... make quick dough. And the cryptonerd…
The hardest pill to swallow is that we already had a very low cost of moving money around between hostile nation-states. And it's been around since the 8th century - read 700ACE-800ACE. https://en.wikipedia.org/wiki/Hawala Its money dealer to money dealer, and the money dealers keep scrips. Average fees are from 0.2% to 0.5% . It's definitely un-sexy since its not technology based. No chains of blocks or programmers…
I don’t think so. A system with clear record keeping, auditable by third parties, and subject to the judiciary is far better than below:
> Trust and extensive use of connections are the components that distinguish it from other remittance systems. Hawaladar networks are often based on membership in the same family, village, clan, or ethnic group, and cheating is punished by effective excommunication and "loss of honour"—leading to severe economic hardship.[3]
Technology has obviated the need for unnecessary levels of allegiance to your tribe, as required in the above system.
When do people expect Ethereum gas prices to come down? Right now if I want to move 1ETH its costing me $109 from one exchange.
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After all those years, there's still not a single useful blockchain application around. These days I see lots companies telling me, they put their "supply chain on blockchain" and while I understand what they probably want to tell me ("you can't tamper with where our stuff comes from") I don't see the point in that. If you've got trust issues with your subcontractors you should fix those and not "seal" the willingly…
I know someone who got a 7 figure loan backed by cryptocurrency collateral in a matter of minutes using makerdao. The best part? They didn't even had to provide their name. This is the future folks, I highly recommend that you actually try some of these projects before writing them off.
The mafia probably doesn't need your name for a loan, too. They'll find you anyway.
But maybe I'm all alone in finding this somewhat shady.
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After all those years, there's still not a single useful blockchain application around. These days I see lots companies telling me, they put their "supply chain on blockchain" and while I understand what they probably want to tell me ("you can't tamper with where our stuff comes from") I don't see the point in that. If you've got trust issues with your subcontractors you should fix those and not "seal" the willingly…
I mean... there are a few. Brave (the browser) uses blockchain in their privacy protecting ad technology. Skynet uses a blockchain to allow users to share their extra computer storage space for a CDN. And I'm sure there are a few others. It's just that the amount of use cases send legitimate applications using them are... limited. Most of the ones I'd consider valid uses have a substance-full technical goal, like the…
uBlock Origin works fine based on txt-files. Not sure how blockchain could improve this.
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How is being able to do this good? There are reasons why this shit has been regulated.
It gives freedom to people, how is that bad? The whole point is that it's a permissionless, borderless technology that anyone can participate in. There's really nothing holding innovation back. Flash loans are an example of that innovation, where if you see an arbitrage opportunity in the market, you can profit from it even if you don't own huge capital, so it levels the playing field for all these financial actors.
That's just a slogan. The devil is in the details. To use an extreme example: Murder laws removes my freedom to kill random people; how is that good?