AWS and Blockchain
tbray.org
AWS and Blockchain
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Re: AWS and Blockchain
#2For a sense of scale, SMS is a 12.5 billion dollar business in India.
Re: AWS and Blockchain
#3Re: AWS and Blockchain
#4It's interesting to read how much research tbray did on crypto back then. Definitely doesn't seem like new entrants today were doing the same level of diligence, on average.
Re: AWS and Blockchain
#5It's interesting to read how much research tbray did on crypto back then. Definitely doesn't seem like new entrants today were doing the same level of diligence, on average.
Re: AWS and Blockchain
#6Re: AWS and Blockchain
#7Re: AWS and Blockchain
#8Re: AWS and Blockchain
#9I believe that putting the equal sign between a blockchain and a database is fundamentally wrong. I also think that a lot of "cryptos" were just get rich quick schemes. After the dust settles we will see if blockchain is really useful or not.
IMHO, the dust has already settled and been washed away by the rain water..
Re: AWS and Blockchain
#10The developed world is distinguished from the developing world often by the strength of its institutions, by the general accessibility of legal recourse, by the prevalence of trust within the society at large.
Many places in the world have none of those things. Weak institutions, corrupt legal systems, and low levels of trust undermine development and prevent people from building and maintaining wealth for themselves and their families.
For me, the promise of the blockchain is that it can provide a technological framework upon which to build new kinds of institutions—institutions that function as alternatives to the institutions that we all take for granted here in the first world.
Is a smart contract better than a written contract? Maybe it is, if there is no well-functioning judiciary to adjudicate contractual disputes. Is a cryptocurrency better than a national currency? Perhaps, if your national currency is subject to hyperinflation. Is an NFT representing property ownership better than property title registered with a state agency? Yes it is, if the state agency can be bribed to alter or lose records that are inconvenient to large land owners.
It's important to remember that what might seem redundant or useless to those of us who reside in the first world may not be redundant or useless to those who live elsewhere.