231–240 of 424 posts
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Why can't the host of the image just delete the image? At that point, the NFT is effectively banned. Also, something like OpenSea can block you and you're effectively banned for all practical purposes.
> Why can't the host of the image just delete the image? If it's a blockchain, there's no single host who can do that.
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Like too many people, you have confused "blockchain" with "digital signature", which doesn't require a blockchain, and typically already is used to verify things. If you need to trust a central authority to hold up their end of the bargain, for example trusting a Hotel to actually provide the room, then a decentralised system adds absolutely no benefit over the hotel simply digitally signing a ticket themselves. The…
> The hotel must be trusted to actually provide the room, so why not trust the hotel to also store the booking information? Because the hotel then has to swap the reservation whenever it's traded. Let's say I want to book a hotel in the future for downtown Chicago Cubs making it to the World Series. As the season progresses it's a future whose value goes up and down depending on how they are playing. If the hotel is…
a) Everything you mentioned here can already be done with just a database. Trading a hotel room, rescheduling, swapping across chains, etc.
b) The hotel has no incentive to allow any of this
Every bit of evidence is that the crypto boom has crashed to Earth. In tech it is basically a dirty word now and is overwhelmingly associated with the worst products, the worst teams and the worst get rich and quick sorts. In the rest of the market it has made little to no impact. Yet somehow BTC is still trading at close to historic highs. Now to be fair the market cap of all of BTC is 1/4 Apple, but if it were remo…
It is illogical, but so are many, many things.
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> Crypto allows for the evasion of laws. Uber allowed anyone to drive without a taxi medallion. AirBnB allowed anyone to turn a home into a hotel. Amazon allowed anyone to buy a book online, without having to go to a book store. Not everything is about evasion of laws.
The first two examples were probably illegal (taxi laws, zoneing laws) but since big tech did it they weren't crushed and now it is de facto legal.
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Like too many people, you have confused "blockchain" with "digital signature", which doesn't require a blockchain, and typically already is used to verify things. If you need to trust a central authority to hold up their end of the bargain, for example trusting a Hotel to actually provide the room, then a decentralised system adds absolutely no benefit over the hotel simply digitally signing a ticket themselves. The…
> The hotel must be trusted to actually provide the room, so why not trust the hotel to also store the booking information? Because the hotel then has to swap the reservation whenever it's traded. Let's say I want to book a hotel in the future for downtown Chicago Cubs making it to the World Series. As the season progresses it's a future whose value goes up and down depending on how they are playing. If the hotel is…
Cryptocurrency was (and still is to an extent) a really interesting idea that has a ton of real world utility, especially as government surveillance continues its march towards panopticon. It's a shame that the "get rich quick" grifters and speculators took ahold of it and have killed any chance of normal people adopting it as a regular form of payment.
Nearly 14 years in, where exactly is this “ton of real world utility”? Surely someone somewhere would have a product providing this utility, even amidst the sea of fraud and grift. I still don’t see it. Some utility? Okay, sure. A ton? Not even close. Consider that the web launched in 1993. By 2007 (14 years later), virtually the entire planet had changed dramatically as a result. That is a technology with a ton of r…
Every bit of evidence is that the crypto boom has crashed to Earth. In tech it is basically a dirty word now and is overwhelmingly associated with the worst products, the worst teams and the worst get rich and quick sorts. In the rest of the market it has made little to no impact. Yet somehow BTC is still trading at close to historic highs. Now to be fair the market cap of all of BTC is 1/4 Apple, but if it were remo…
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Yea same. Really still unclear what utility it provides that fiat currencies do not. Not theoretical utility, like real world utility. I think crypto will go down in history as an amazing example of the importance of institutional knowledge and regulation. Like how did nobody see fraud coming in an unregulated financial instrument? Did folks genuinely think that "decentralization" was going to sidestep all of the typ…
> what utility it provides that fiat currencies do not Forex (for travelers) perhaps? Technically, fiat itself does not provide exchange. you always need a broker or a counterparty. crypto provides liquidity that can replace a paid service (yes I know crypto also has fees). I have never owned crypto but I think it's a great idea as a currency that should have been able to compete with paypal/credit cards, but somehow…
If you are trying to keep your coin over a longer period of time you suffer the high volatility and are at the whims of gamblers. But if it is only used to perform a money transaction which otherwise would not be possible/too expensive/too dangerous, only to be exchanged against a fiat currency immediately after, that could be its role.
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It's not just government surveillance. The private sector has plenty of Peeping Toms. I'm pretty sure cryptocurrency isn't the solution.
The private sector doesn't have a monopoly on violence that it can use to imprison me.
Every bit of evidence is that the crypto boom has crashed to Earth. In tech it is basically a dirty word now and is overwhelmingly associated with the worst products, the worst teams and the worst get rich and quick sorts. In the rest of the market it has made little to no impact. Yet somehow BTC is still trading at close to historic highs. Now to be fair the market cap of all of BTC is 1/4 Apple, but if it were remo…
I'm not convinced that crypto is much worse than the rest of tech. Your average VC tech company is run as a pump and dump scheme. They take a crazy idea, get a ton of funding for it, go public and sell the shares to uninformed investors who are left holding the bag when it all comes crashing down.
Crypto, on the other hand, seems to be predicated on retail investors and consumers. So they do seem manifestly different as you have expressed them (maybe my issue is with the notion of the "average" VC-backed company?).