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Why shouldn't you ignore feedback that's ill informed, reactionary, or just wrong?
Are we already at the point where saying that crypto is a scam and the blockchain won't serve a useful purpose in a word processor is—"reactionary"? Dude get a grip.
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There are no real world use cases of blockchain tech besides crypto. Or can you demonstrate one?
Maersk uses blockchain for cargo tracking[1].[2] [1] https://merehead.com/blog/maersk-blockchain-use-case/ [2] Entirely possible this could be done without a blockchain, yes.
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Good. The mere mention of "combining existing successful open-source product with blockchain" should get about the same reaction as "combining fruit bowls with metal spikes". This is a good thing, it means that people are waking up to what crypto actually is. There is no successful or interesting combination of "useful thing" and "blockchain", unless your definition of success is siphoning money from technologically…
You just exemplified their point. original post: we're not talking about crypto comment: they're not talking about crypto but people still just say "F them crypto is bad!" this comment: F them because crypto is bad! Crypto (money, nfts) is bad, I think smart contracts are a mistake too, and I don't think LO needs blockchain either, but the objection is more like the one someone else said about, if there's some featur…
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They are talking about crypto, though. What do you think the Ethereum foundation does? Wax poetry about Merkle trees?
You can find out what Ethereum Foundation does e.g. here https://esp.ethereum.foundation/about “ ESP focuses on strengthening Ethereum's foundations and enabling future builders: improving infrastructure, expanding the range of tools available to those building on Ethereum, deepening our understanding of cryptographic primitives, and growing the builder ecosystem through education and community development. The work…
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There are no real world use cases of blockchain tech besides crypto. Or can you demonstrate one?
"can you demonstrate one?" Blockchain is just bookkeeping. I don't know, can you demonstrate a use case for accounting or book keeping? Up to now we always had to do accounting in books that can be cooked and have to be trusted. Blockchain is accounting with books that can't be cooked and don't have to be trusted. It has other problems which are real, but so what? Everything has some kind of problem. With blockchain…
Not really. It’s books that a couple people tediously agree on.
This is entirely about credibility smuggling and attempting to force-feed crypto into spaces it has no business in.
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Bitcoin is wasting humongous amounts of energy during a climate and energy crisis, which makes it morally unacceptable.
Banks also require a lot of energy.
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There are no real world use cases of blockchain tech besides crypto. Or can you demonstrate one?
Blockchain has pretty powerful use cases in the enterprise. Ethereum provides one such solution which allows companies to have a private blockchain and programmable smart contracts in place—and with that a nice internal audit trail as well. Blockchains can use proof-of-authority or proof-of-stake not as a means to accumulate “wealth” but firstly to secure the network from tampering while facilitating the resilient, c…
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Good. The mere mention of "combining existing successful open-source product with blockchain" should get about the same reaction as "combining fruit bowls with metal spikes". This is a good thing, it means that people are waking up to what crypto actually is. There is no successful or interesting combination of "useful thing" and "blockchain", unless your definition of success is siphoning money from technologically…
But why can't we talk about it like normal people? Everyone is coming against each other, it became such a taboo that one can't have a normal conversation with an other person for like a minute before they start going against each other's throat. It's starting to become like talking about politics.
At its core, it's a form of herd immunity. You don't drink bleach, not because you know personally what drinking bleach does to your body, but because society has told you what the consequences of drinking bleach are, immunizing you against the idea of drinking bleach.
You would think a message board called "hacker news" would be more open to blue sky thinking. Zero knowledge proofs and a tamper proof ledger of timestamped cryptographic signatures could open up new use cases that are different than relying on central authorities. One idea, document signing: vitalik.eth signs a PDF, everybody can verify the PDF is signed by his private key. He has to broadcast his public key for thi…
> Another alternative is these messages are broadcast through a public and decentralized ledger. Trouble is, the "decentralized ledger" can only reliably timestamp if there is a financial incentive that motivates peers to burn hashes, stake and vouch for blocks etc. Without that financial incentive the whole blockchain breaks down to something inferior to even the PKI distributed systems described by Lamport in the 7…
Well, so does the rest of industry and civilization (fiat money). What's the distinction there?