591–600 of 1001 posts
it's the early days for smart contracts and applications like defi
once the barrier of entry drops in contract creation i suspect there will be exponential growth in exotic securities/financial-arbitration
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> Use cases like storing the history of a car on-chain, transparent supply chains, public voting... this all sounds interesting but never made it to product-market fit. Anything that does not exist natively on the blockchain doesn't need a blockchain at all. If a token on the blockchain would represent you as the owner of a car and one day someone steals your private key which represents your car ownership, that pers…
You're totally off. All those things you said _can_ go on the blockchain including the private key that they could use to start the car. Of course they can sell it for parts...if the parts didn't have private key protection too...
For supply chain issues the Oracle problem is very apparent. How does your smart contract know if the shipment has actually reached its destination?
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However, if you have no government, the housechain could be a way for a decentralized society to implement the concept of a land registry. Once everyone agrees that the housechain is proof of ownership, then measures can be taken to enforce that without necessarily evoking a central government. I'm not sold on the idea of a society without a central government, but I think the blockchain would help — or even enable —…
> then measures can be taken to enforce that without necessarily evoking a central government. What measures?
That's beside the point, though. I'm just noting that the possibility of have distributed deeds does make it possible to have some of the benefits of a centralized government: deeds and currency, without having one. That obviously only works if everyone in the society has come to the agreement that those things are valuable (just like in case of central governments too). But the point is just that you don't need a central person with all the power of issuing them.
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> Use cases like storing the history of a car on-chain, transparent supply chains, public voting... this all sounds interesting but never made it to product-market fit. Anything that does not exist natively on the blockchain doesn't need a blockchain at all. If a token on the blockchain would represent you as the owner of a car and one day someone steals your private key which represents your car ownership, that pers…
You're totally off. All those things you said _can_ go on the blockchain including the private key that they could use to start the car. Of course they can sell it for parts...if the parts didn't have private key protection too...
Earlier quoted context omitted.
However, if you have no government, the housechain could be a way for a decentralized society to implement the concept of a land registry. Once everyone agrees that the housechain is proof of ownership, then measures can be taken to enforce that without necessarily evoking a central government. I'm not sold on the idea of a society without a central government, but I think the blockchain would help — or even enable —…
In the absence of a governing authority, property disputes would revert to being settled by violence or the threat thereof. Why should my band of armed thugs defer to what it says on the blockchain when they could instead hit you with a $5 wrench until you vacate the premises? https://xkcd.com/538
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…
Helium network is an example of a successful blockchain project/application in my opinion. They created the biggest decentralized lorawan network in the world that is used by more internet of things companies everyday. Also they are trying the same thing for creating a decentralized 5G network. It’s still early days for them because I think they started in the end of 2020 or the start of 2021, but they have grown to…
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It’s marketplace-specific right now but the standards are evolving to support it natively: https://www.gemini.com/blog/exploring-the-nft-royalty-standa...
The linked article talks about implementing a tax on re-sales of NFTs. It says nothing about royalty fees.
“EIP-2981 is a standard that focuses on signalling to market participants the royalty payment information for a given NFT or set of NFTs.”
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Exactly, and while the government database "land registry" could, of course, be replaced with a government "HouseChain" it wouldn't actually solve any Problem but would introduce a ton of new ones.
However, if you have no government, the housechain could be a way for a decentralized society to implement the concept of a land registry. Once everyone agrees that the housechain is proof of ownership, then measures can be taken to enforce that without necessarily evoking a central government. I'm not sold on the idea of a society without a central government, but I think the blockchain would help — or even enable —…
Blockchains do nothing at all to help anything about this situation. You could use a blockchain to manage ownership, but it would be far more efficient to use a central database of some kind that is held by whatever organization is responsible for enforcing property rights. In the end you are not going to care how your ownership is managed, you are only going to care that, if someone tries to violate your rights, the police will come and protect you. You need to trust that the enforcement will actually be applied, but what difference does it make if you use a blockchain?
Earlier quoted context omitted.
However, if you have no government, the housechain could be a way for a decentralized society to implement the concept of a land registry. Once everyone agrees that the housechain is proof of ownership, then measures can be taken to enforce that without necessarily evoking a central government. I'm not sold on the idea of a society without a central government, but I think the blockchain would help — or even enable —…
In the absence of a governing authority, property disputes would revert to being settled by violence or the threat thereof. Why should my band of armed thugs defer to what it says on the blockchain when they could instead hit you with a $5 wrench until you vacate the premises? https://xkcd.com/538
I may even be inclined to write down some rules and introduce a process to resolve conflicts without unnecessary damage to people and property.
(In this hypothetical scenario any form of land registry is only as valid as I say it is.)