81–90 of 104 posts
The Genesis block could very well mark a turning point in human history. The beginning of the complete decentralization of the global human society. The global insurance industry replaced with autonomous smart contracts able to provide 10x value, at 10x cheaper cost than any current provider. Escrow services instantly replaced in the same fashion. Global marketplaces more nimble, efficient and cheaper than Uber, Airb…
Earlier quoted context omitted.
Anyone can order stuff from Amazon or Alibaba or wherever and have it delivered, and build reputation, and so on - how does Ethereum improve on that?
To clarify, Ethereum isn't a marketplace or a reputation system. It's just a good platform for building those things. Ordering from Amazon or Alibaba means paying them for the privilege. Systems that connect producers directly to consumers will have lower costs because there's no middleman that needs to skim profits. If such systems become popular, it will be a transfer of wealth from the Amazons of the world to ever…
Even then many people would rather go to the mall and pay for local retail space in order to be able to inspect the goods before purchase.
I fail to see how ethereum will make the distribution of goods anymore efficient. 'middle man' is just hand wavy economic ignorance.
The Genesis block could very well mark a turning point in human history. The beginning of the complete decentralization of the global human society. The global insurance industry replaced with autonomous smart contracts able to provide 10x value, at 10x cheaper cost than any current provider. Escrow services instantly replaced in the same fashion. Global marketplaces more nimble, efficient and cheaper than Uber, Airb…
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So, it seems to be "computational currency". Is it too much to ask that something that'd like to be a currency manages to have proper SSL certs? (Both Chrome and FF reject the issuer certificate)
Either you need to update your OS, or there's a MITM in your connection (can't rule that out, can you? That's what SSL has been designed for.)
Just to chime in with the obligatory: sounds-interesting-but-for-the-love-of-turing-it's-infuriatingly-hard-to-find-a-basic-description-of-what-it-actually-is.
Last year, there was Paycoin, which was like Bitcoin, but a lot more complicated. It tanked. It seems to have been a scam.
Just to chime in with the obligatory: sounds-interesting-but-for-the-love-of-turing-it's-infuriatingly-hard-to-find-a-basic-description-of-what-it-actually-is.
As for examples:
Digital Pokemón Cards. Basically the ability to create digital collectors items.
E-books that could gain value. You could sell ebooks at a premium and allow people to re-sell them. Because the history of their ownership is recorded you could even see them gaining value if they had been owned by a celebrity.
Private but public healthcare records. For research and usage. Store the health-records publicly as personas but allow individuals people to link it with their identity. This would help with research in completely new ways.
Voting made public but anonymous Make it hard to manipulate voting results by making the anonymized results available for everyone.
Artificial Intelligence Using the protocol to create automated consensus models.
Companies without owners Build a company with a political purpose without any owner.
Earlier quoted context omitted.
Anyone can order stuff from Amazon or Alibaba or wherever and have it delivered, and build reputation, and so on - how does Ethereum improve on that?
To clarify, Ethereum isn't a marketplace or a reputation system. It's just a good platform for building those things. Ordering from Amazon or Alibaba means paying them for the privilege. Systems that connect producers directly to consumers will have lower costs because there's no middleman that needs to skim profits. If such systems become popular, it will be a transfer of wealth from the Amazons of the world to ever…
Will it? Amazon and the likes operate on notoriously slim margins whilst buying at wholesale prices, and getting shipments in bulk. Whereas me buying 1 widget from Shenzhen, that will be retail price, plus shipment for 1 single item overseas, that will cost way more than Amazon is paying per bulk-shiped item. I don't see how all that could add up being cheaper than buying it at Amazon or Walmart or whatever.
Just to chime in with the obligatory: sounds-interesting-but-for-the-love-of-turing-it's-infuriatingly-hard-to-find-a-basic-description-of-what-it-actually-is.
Etherum allows you to treat digital entities as if they are physical. I.e. it creates scarcity in an otherwise abundant digital universe. It generalizes the principles behind bitcoin and allow you to use this scarcity for a lot of different purposes. As for examples: Digital Pokemón Cards. Basically the ability to create digital collectors items. E-books that could gain value. You could sell ebooks at a premium and a…
I always hoped I could see a post-scarcity physical world in my lifetime. Now you are telling me that there are people trying to present me with a pre-scarcity digital world? No, thank you. :)
Earlier quoted context omitted.
Etherum allows you to treat digital entities as if they are physical. I.e. it creates scarcity in an otherwise abundant digital universe. It generalizes the principles behind bitcoin and allow you to use this scarcity for a lot of different purposes. As for examples: Digital Pokemón Cards. Basically the ability to create digital collectors items. E-books that could gain value. You could sell ebooks at a premium and a…
> Etherum allows you to treat digital entities as if they are physical. I.e. it creates scarcity in an otherwise abundant digital universe. I always hoped I could see a post-scarcity physical world in my lifetime. Now you are telling me that there are people trying to present me with a pre-scarcity digital world? No, thank you. :)
Things that have value are often valuable exactly because they are not abundant but scarce. The scarcer the more valuable.
Post-scarcity is about creating enough fundamentals (ex. food) to everyone, but it's not about removing the value of scarcity for some food that might be extra hard to produce.
Many things only works if they are scarce that does not mean we shouldn't try to achieve post scarcity.