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[1] https://www.cnbc.com/2017/12/21/long-island-iced-tea-micro-c...
"Though Blockchain has been touted as the answer to everything, a study of 43 solutions advanced in the international development sector has found exactly no evidence of success. Three practitioners including erstwhile blockchain enthusiast John Burg, a Fellow at the US Agency for International Development (USAID), looked at instances of the distributed crypto ledger being used in a wide range of situations by NGOs,…
I think you forgot to include your comment after the quotations.
The ~300% jump in stock prices seen when the Long Island Iced Tea Corp. changed its name to Long Blockchain Corp. [1] shows that the word "blockchain" is all that's required. I imagine some of these 43 solutions were playing the same angle. [1] https://www.cnbc.com/2017/12/21/long-island-iced-tea-micro-c...
(It is the silence - as the article says - when pressed for further, perhaps useful, instructive, thoughts, experiences, best-practices ...
... that I find horrifying ...)
It is as if the mere invocation of "blockchain" on anything supresses any further thought ...Earlier quoted context omitted.
The difference between then and now is that they have given up attempting to use blockchains for anything, and simply now claim it is a "store of value." In other words, they've embraced that it is a ponzi scheme, and learned to love it for what it is.
If you had looked into the space with even just a small amount of depth, you’d find there are numerous applications. Decentralized finance, games, art, cdn networks, music distribution, video streaming alternatives. Some of them are promising and would address many issues we face; like the Audius project which aims to compete with Spotify and SoundCloud, but actually paying artists for their work. I think it’s fair t…
Please provide one other example of a functioning app or service that uses blockchain to do something it can't do just as well without blockchain.
Earlier quoted context omitted.
The difference between then and now is that they have given up attempting to use blockchains for anything, and simply now claim it is a "store of value." In other words, they've embraced that it is a ponzi scheme, and learned to love it for what it is.
If you had looked into the space with even just a small amount of depth, you’d find there are numerous applications. Decentralized finance, games, art, cdn networks, music distribution, video streaming alternatives. Some of them are promising and would address many issues we face; like the Audius project which aims to compete with Spotify and SoundCloud, but actually paying artists for their work. I think it’s fair t…
For example, nothing is preventing paying artists more for music — that's been a solved problem since the late 1990s — but the problem comes back to licensing: people use services which have the music they want and it's brutally hard to bootstrap an indie-only business to the point where you can the deals you need to satisfy popular demand.
"Though Blockchain has been touted as the answer to everything, a study of 43 solutions advanced in the international development sector has found exactly no evidence of success. Three practitioners including erstwhile blockchain enthusiast John Burg, a Fellow at the US Agency for International Development (USAID), looked at instances of the distributed crypto ledger being used in a wide range of situations by NGOs,…
Never heard of it. But I can show you proof of work – as demonstrated by the papers – or proof of stake.
Earlier quoted context omitted.
If you had looked into the space with even just a small amount of depth, you’d find there are numerous applications. Decentralized finance, games, art, cdn networks, music distribution, video streaming alternatives. Some of them are promising and would address many issues we face; like the Audius project which aims to compete with Spotify and SoundCloud, but actually paying artists for their work. I think it’s fair t…
Do you have any examples of something which solves a real problem better than mature, scalable technologies? There's a lot of speculator money floating around which can give the illusion of something being promising until you do the math and realize that it's more expensive and slower than the alternatives or cannot grow outside of a small ideological community. For example, nothing is preventing paying artists more…
The same could be said of the Internet when it was first invented. It was far from mature and took two decades, but it revolutionised the delivery of information. Cryptocurrency is revolutionising delivery of cash. It will take a while to work out the development of it, but we didn't have a ready made plan for the internet either.
Earlier quoted context omitted.
If you had looked into the space with even just a small amount of depth, you’d find there are numerous applications. Decentralized finance, games, art, cdn networks, music distribution, video streaming alternatives. Some of them are promising and would address many issues we face; like the Audius project which aims to compete with Spotify and SoundCloud, but actually paying artists for their work. I think it’s fair t…
Audius sounds like it's using blockchain for coins, which is exactly what GP said: it only works for coins. Please provide one other example of a functioning app or service that uses blockchain to do something it can't do just as well without blockchain.
... and apply it to this, and wonder ...
... what is it that -it- and only -it- can do?