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It’s not still the early days of blockchain

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Re: It’s not still the early days of blockchain

#181

Post by clairity »

galaxyLogic wrote: post #149
wodenokoto wrote: post #143

Earlier quoted context omitted.

In Dubai, buying real estate with bitcoin is a real thing, and by the looks of it also a big thing. If nothing else, it shows that crypto has succeed in one of its goals: moving money between countries, without being detected/hindered by governments. I mean, I don't know who buys real estate with crypto, but I am assuming that people who live in dubai and have large crypto values are bullish on crypto, and won't wast…

Buying real estate with bit-coin, isn't that close to money laundering?

close to? sounds exactly like money laundering, since people who can move money legitimately wouldn’t do so through a relatively risky instrument like bitcoin. tax evasion is a likely entry-level reason, but often coupled with other sketchy illegalities.

Re: It’s not still the early days of blockchain

#182

Post by aaron695 »

ryandamm wrote: post #119

The central problem in this entire debate is two groups talking past each other. The skeptics say "what is it for?" expecting a detailed answer, and the response from crypto enthusiasts is vague and high level; most of what I hear is heavy on words like "revolutionize" and "decentralize" but very, very short on specifics. Or I get argument by analogy to other technologies. If I heard a single use case where blockchai…

No post body was provided.

Re: It’s not still the early days of blockchain

#183

Post by malwarebytess »

hubraumhugo wrote: post #33

I'm still very opposed to the idea of taking a technology and then searching a problem for it. Why? Back in 2017 during the first hype cycle, blockchain companies raised hundreds of millions with ICOs. I became very interested in the technology too, and some friends still work in this space. 4 years later in the web3 era, there is not a single product aside from trading/finance that got traction. Use cases like stori…

That is what financialization does. Finance is a parasite that will destroy all potential if given room. To force finance to be symbiotic you must never allow them to control anything.

These ideas are best left in the academy, and then later financialized. The exception to this is internal R&D (like Bell Labs and countless other extremely productive corporate divisions.)

Re: It’s not still the early days of blockchain

#184

Post by throwawaygh »

hunterb123 wrote: post #157
foepys wrote: post #84

Earlier quoted context omitted.

Can you show some examples?

Tipping site owners, BAT token. Incentivizing IPFS content pinning, Filecoin. Allowing censorship-resistant / chargeback free donations, most coins. Enabling private transactions, Monero. Most "dapps" empower decentralization, distributed exchanges, trading, DNS, ownership contracts (DOAs), etc. NFT's for art as silly as it is, more importantly for Handshake domain names and other cases where ownership proof comes in…

> chargeback free donations

Are chargebacks on donations are major issue for any legitimate non-profit organization?

Re: It’s not still the early days of blockchain

#185

Post by galaxyLogic »

heurist wrote: post #91
rsanheim wrote: post #52

I'm increasingly seeing "web 3.0" as basically a two headed beast: 1) a way to part greater fools from their money until the hype has died out 2) a hot topic to drive clicks and discussions for nerds and, increasingly, the tech press, from other more pressing issues that exist in terms of tech and culture and finance In other words, its a bullshit scam, can we please move on already?

It's a way to authenticate yourself without a centralized authority. So right now it's being used to create exclusive communities, access to which theoretically has some value. In the future, there may be application ecosystems which operate solely against your wallet information, no need for registration. Maybe that has some value too - time will tell. I don't follow the details of the web3 market closely, so not sp…

I would like to create an online application which people could use by paying for its usage in bitcoin.

I assume it would make the application much simpler because there would not need to be any or very little user-account management, no sending bills or charging credit-cards. Just gimme them bitcoins. The user-state could be stored on the client-machine, unless they especially want to pay for us backing it up on the cloud. Still it could be backed up anonymously, identified by the wallet.

No more hacking, if there were no user-accounts or passwords there would be nothing to hack.

Re: It’s not still the early days of blockchain

#186

Post by adgjlsfhk1 »

systemvoltage wrote: post #138
yunruse wrote: post #85

Earlier quoted context omitted.

From my very (admittedly very inexperienced) perspective, both views here are valid: it's foolish to scour the world for nails, but it doesn't hurt to make a hammer. Build the technology, think of how it could help, and if you can't find a niche in the world that it fits, don't force the issue. Move onto new things: perhaps re-use some old ideas, of course, but actively get a wider experience, so that you increase yo…

I have no idea what blockchain does or not. But just because its applications have turned out to be scammy, is it possible that it still has good uses in the future? May be and may be not. OP is saying more generally that we should stop looking at tech that has no uses. I am disagreeing with that stance and it is just silly to be so wound up about Blockchain zeitgeist to not see through the fog.

the problem with Blockchain is that it is strictly less efficient than centralized databases. therefore the only reason to use it is if you can't trust a centralized database. it's like torrents in the alternate universe where torrents were slower than a download from a server.

Re: It’s not still the early days of blockchain

#187

Post by BoiledCabbage »

neiman wrote: post #162
hubraumhugo wrote: post #33

I'm still very opposed to the idea of taking a technology and then searching a problem for it. Why? Back in 2017 during the first hype cycle, blockchain companies raised hundreds of millions with ICOs. I became very interested in the technology too, and some friends still work in this space. 4 years later in the web3 era, there is not a single product aside from trading/finance that got traction. Use cases like stori…

It seems you are looking for a product blockchain enables you, but there are activities the blockchain enables which are not products, and are very difficult up to impossible without. One example is sustainable (financially) open-source project is one I use now. Before that it was always impossible. You get a bunch of people all over the world, many of them are identified only by Internet handles. There's no investme…

I'm trying to understand.

You're saying that you wouldn't be able to perform online votes or surveys and remotely send money without a blockchain?

Could you expand more on what functionality that the blockchain provides that the other solutions in this space (online surveys and remotely send money) don't?

Re: It’s not still the early days of blockchain

#188

Post by jodrellblank »

Dwolb wrote: post #168
jodrellblank wrote: post #152

Earlier quoted context omitted.

This https://youtu.be/8CAafjodkyE?t=104 is a recent thing I found mind blowing; 2020 iPhone can do on-device image processing and object recognition and speak a description of what the camera sees. Just quietly a builtin feature. 2010 iPhone, I was mind-blown by the Word Lens app which could do OCR on text in the camera feed, translate the words into another language, and overlay the results on the image in near-real…

Personally the reason it blows my mind is because it’s now permissionless to craft a unique structured product or derivatives protocol, deploy it globally, and anyone on the planet can participate in that market. It’s fully customizable and accessible to anyone with an internet connection.

In what way "permissionless"? In the way "the government has agreed that they can be unregulated financial products" or in the way "hopefully it can evade government financial regulation"? or in some other way?

Re: It’s not still the early days of blockchain

#189

Post by inter_netuser »

Jasper_ wrote: post #6
rvz wrote: post #3

So there is no progress in non Proof-of-Work coins today? Perhaps the author is saying that there are no blockchains that are being used as the basis of regulated stable-coins and CBDC projects that are being tested by central banks today? I mean, the author is arguing as if Bitcoin, and Ethereum are the only blockchains that exist today. Hence why this is another blog-post that associates all cryptocurrencies having…

I spent some time looking into Proof-of-Stake coins. Specifically, the Proof-of-Stake system advocated by Tezos. Give it a lookover, it's actually a fairly quick read. https://tezos.gitlab.io/active/proof_of_stake.html Unfortunately, it's also very flawed, and nulls most of the security properties we thought we would get by switching to "Blockchain Technology": if someone captures 50% of this chain, it is quite easy…

Proof-of-Stake is just Plutocracy-on-Steroids.

PoW is the fundamental breakthrough. Yet, everyone is oblivious to that fact, a decade later.

It's amazing that people on a technology forum talk about proof of stake as something new. That's what basically DNS runs on, and it's been around since 1983.

Maybe it is still early indeed.

Re: It’s not still the early days of blockchain

#190

Post by tsimionescu »

galaxyLogic wrote: post #147
hubraumhugo wrote: post #33

I'm still very opposed to the idea of taking a technology and then searching a problem for it. Why? Back in 2017 during the first hype cycle, blockchain companies raised hundreds of millions with ICOs. I became very interested in the technology too, and some friends still work in this space. 4 years later in the web3 era, there is not a single product aside from trading/finance that got traction. Use cases like stori…

'Public voting' is not a technological problem but political one. There's a lot of opposition to making voting more accessible to everyone. Voting should be easy, and you don't need blockchain for that but maybe it could help. The question is who wants "voting rights".

Unfortunately, trust in voting can only be achieved with paper voting, there is no technological solution to improve it that doesn't completely remove trust as well.
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