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Ethereum Isn't Fun Anymore

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Re: Ethereum Isn't Fun Anymore

#331

Post by boh »

koonsolo wrote: post #250
martin_a wrote: post #114

Earlier quoted context omitted.

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 think the decentralized web pieces are starting to fall in place: decentralized file storage, decentralized domain names, decentralized communities and streaming, decentralized payments, etc. I wouldn't declare it "failed technology" just yet.

Just because something works doesn't make it a success (see Betamax, laser disc, steam powered cars etc.).

Re: Ethereum Isn't Fun Anymore

#332

Post by UShouldBWorking »

martin_a wrote: post #114
Traubenfuchs wrote: post #56

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…

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 love that HN has been calling blockchain a failure for 10 years now. I wish that I could make heads or tails of your arguments against it but you seem to just take the worst aspects of it to make a point.

The killer app is cash, everything else is a distraction. I think hn guys just happen to get paid a lot of money in a stable fiat currency so the system works great for you. Everyone else is looking for an alternative.

Re: Ethereum Isn't Fun Anymore

#333

Post by castlecrasher2 »

mountainb wrote: post #314
martin_a wrote: post #114

Earlier quoted context omitted.

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…

Full supply chain documentation takes a long time to put together. If the application could generate the full supply chain documentation for an item with a certain serial number, that would be very useful. It is also very common for suppliers and various intermediaries to have bad document management practices that get further muddled by digital file issues (e.g. people just generating documents from their software t…

Dumb this down for me, because it's unclear how blockchain would solve the issues you bring up.

Re: Ethereum Isn't Fun Anymore

#334

Post by jagger27 »

rawtxapp wrote: post #268
martin_a wrote: post #114

Earlier quoted context omitted.

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.

Rich person gets easy loan and other news at 11.

Re: Ethereum Isn't Fun Anymore

#335

Post by mcherm »

jlokier wrote: post #240
px43 wrote: post #205

Earlier quoted context omitted.

First off, there have been many implementations of various forms of secret ballots on Ethereum using zero knowledge proofs. Mix and match your feature set of who can verify what and when, and there's a zero knowledge scheme that can do it. Second, coercion has been rolled out as an excuse to disenfranchise voters for ages with no evidence that it's a real threat in the modern era. I live in Oregon, which has been doi…

> First off, there have been many implementations of various forms of secret ballots on Ethereum using zero knowledge proofs. Mix and match your feature set of who can verify what and when, and there's a zero knowledge scheme that can do it. Yes, no problem with that. But the GP was arguing that it's better if ballots are not secret. I think it's a common misconception that if only all votes were open they would be m…

I'm a Judge of Elections in Pennsylvania, USA.

You write: > If people choose to announce their party affiliation, that's something else.

In PA (as in most states) one's party affiliation is public by law. In PA it's important because one can only vote in the primary for the party one is registered as a member of. (Voters who do not register an affiliation or are affiliated with a third party simply aren't allowed to vote during the primary.) So it's not really a case of "choosing" to announce their affiliation.

Also, I know multiple individuals in my neighborhood who have confided in me that they registered as members of one party but preferred to vote for the other party. Why? Because (at least historically) our county has a long history of being run by a single party and (to quote my neighbor), "If you are a member of the wrong party your trash won't get picked up."

The secret ballot really DOES prevent certain abuses.

Re: Ethereum Isn't Fun Anymore

#336

Post by dgellow »

KallDrexx wrote: post #234
dgellow wrote: post #143

Earlier quoted context omitted.

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.

Maybe I'm missing something, but I think the original point is that blockchain will help the voting process by providing the transparency and verification in the process. And part of that is everyone being able to see that yes the winner won because we can see every vote and clearly see who won. However, that doesn't help unless you know that every vote was a legitimate and eligible vote. How do you know the votes ar…

You have a list of citizens, their personal information are stored in your country databases. They have a unique key pair assigned at some point during their life (let's call it Citizen Key, may be paired to a Citizen ID or something like this).

There is a new voting event, each citizen can now create a voting wallet using their Citizen Key then vote on the various motions by sending a transaction to a destination wallet created for this event.

At the end of the voting event, the votes are counted and no transaction can be send to the destination wallet.

You do have a central authority, it's the country (or state). Only citizens can vote, and only citizens have a valid set of keys.

The benefits is that anyone voting or people who want to verify the voting numbers can do, and without having to trust the software managing the database (I mean, you of course have to trust the blockchain itself...).

Re: Ethereum Isn't Fun Anymore

#337

Post by UShouldBWorking »

AlwaysRock wrote: post #320
Traubenfuchs wrote: post #56

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 crypto killer app is using the money to buy illegal drugs. It always has been. Most of the people I knew who were into crypto early used it to buy weed online, not as an investment.

Exactly it is cash, as the the white paper says. Everything else is a distraction.

Re: Ethereum Isn't Fun Anymore

#338

Post by lifeisstillgood »

duckfang wrote: post #305
Traubenfuchs wrote: post #56

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…

Kinda ...

Far more likely that money dealers held powerful positions, ensuring some very conservative social constructs stayed in place. People just routed around this by using "modern" technology.

And so the percentage of legitimate uses of the system dwindle, and the percentage of less legitimate increase till at some point you are no longer a useful social service but a money launderer for criminals who occasionally helps the diaspora send money home.

Re: Ethereum Isn't Fun Anymore

#339

Post by aww_dang »

lopatin wrote: post #107
Traubenfuchs wrote: post #56

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…

Largely agree. It's what makes Bitcoin different. Bitcoin's killer app is the network itself. The fact that you can send money/transfer wealth instantly without a bank to tell you what you can and can't do IS the value of Bitcoin and why it's not some purely speculative ponzhi scheme. As far as I understand, you can't reaaally use Ethereum for the same purpose because of high fees.

>Bitcoin's killer app is the network itself. The fact that you can send money/transfer wealth instantly

Instantly?

>can't reaaally use Ethereum for the same purpose because of high fees

BTC fees are also high?

Re: Ethereum Isn't Fun Anymore

#340

Post by dgellow »

maeln wrote: post #280
dgellow wrote: post #166

Earlier quoted context omitted.

IOHK who is behind Cardano does quite a lot of scentific research and formalized and developed innovative concepts: https://iohk.io/en/research/library/ . It's still very experimental and yes, there are no clear applications yet, but there is some genuine research being made.

This is genuinely very interesting :) . I hope for more innovation like this and less copy-cat, get rich-scheme cryptos ....

Yes, there is some very interesting papers there. Really unfortunate that virtually 100% of the general cryptocurrency interest is in its price potential.
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