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Blockchain, the Solution for Almost Nothing

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Re: Blockchain, the Solution for Almost Nothing

#291

Post by quotz »

zucker42 wrote: post #263
quotz wrote: post #211

Millions of citizens from countries that have abusive governments would disagree with this. Its digital gold. In Yugoslavia where I am from originally, gold was banned, and that was the case too in Romania during dictatorship times. People were smuggling gold to preserve their means of survival, and being seen carrying gold would result in one being killed by a firing squad or jailed. BTC doesn’t have that problem

Can't they just ban you from making connections to known Bitcoin nodes at the network level, or use a Honeypot to detect when you access Bitcoin specific services?

The moment a country bans Bitcoin, it legitimizes it.

Re: Blockchain, the Solution for Almost Nothing

#292

Post by Beldin »

splix wrote: post #240
Beldin wrote: post #203

Earlier quoted context omitted.

Number portability in my country is handled without blockchain. Granted, India's population is about 100 times larger. But I don't see a reason why a scale-up with a factor of roughly 100 would be prohibitively problematic.

Maybe it's not about transaction scale. And I don't really see how blockchain helps with scale, imho it's opposite. With this particular case, it maybe be solution to fight corruption (just a guess). Centralized trusted control of all phone number of a country is a huge power and a magnet for different types of corruption. So maybe the difference is that in your country the magnitude of corruption is lower than in In…

> So maybe the difference is that in your country the magnitude of corruption is lower than in India,

I don't know about corruption levels in India. I am under the impression that the level of corruption in my country is rather tiny, so this could very well be the explanation.

Re: Blockchain, the Solution for Almost Nothing

#293

Post by kordlessagain »

Skunkleton wrote: post #24
kordlessagain wrote: post #10

The 402 response code in HTTP might be a useful thing to "hook up" to Lightning, which itself is useful because of the Bitcoin blockchain. Having fast micropayments payments running on data requests is useful for a wide variety of cloud applications, including but not limited to data transfer costs and queries to machine learning models, all without the need for "users" on the systems being accessed. The way I'd put…

That would change the dopamine cycle of content consumption. I really don't see that happening. And its not like this couldn't have happened without bitcoin.

Micropayments are actually very difficult to implement without accounts and some type of payment system. With Bitcoin, and Lightning, it makes it work.

Re: Blockchain, the Solution for Almost Nothing

#294

Post by kordlessagain »

ed25519FUUU wrote: post #14
kordlessagain wrote: post #10

The 402 response code in HTTP might be a useful thing to "hook up" to Lightning, which itself is useful because of the Bitcoin blockchain. Having fast micropayments payments running on data requests is useful for a wide variety of cloud applications, including but not limited to data transfer costs and queries to machine learning models, all without the need for "users" on the systems being accessed. The way I'd put…

I can’t tell if your post is jest or serious, given the article.

I'm quite serious.

Re: Blockchain, the Solution for Almost Nothing

#295

Post by mbrodersen »

dk8996 wrote: post #277
mbrodersen wrote: post #197

Earlier quoted context omitted.

> I'm really surprised by how uneducated most of HN are about blockchain I'm really surprised by how uneducated you think HN readers are. My BS alarm goes 100% every time I read about how "Blockchain Technology" is going to solve world peace or whatever.

I'm sorry my comment rubbed some people the wrong way but I think you prove my point. Your point of view is total based on a "gut-feeling" and "I have a hunch", your ignoring the facts that are provided to you. ICO - literally billions of dollars raised by companies each year. All done on the blockchain. Defi - 6 billion dollars locked in defi (lending and borrowing) - 10x grown in the last 12 months. Hundreds of pap…

> billions of dollars raised by companies each year

That proves nothing. Billions of dollars are wasted every year betting on companies with BS business plans that end up failing.

> Hundreds of paper have been published

That only proves that it is a fashionable subject in Academia. A way for academics to get funding and getting papers published. Nothing else.

Re: Blockchain, the Solution for Almost Nothing

#296

Post by toomuchtodo »

Acrobatic_Road wrote: post #138
toomuchtodo wrote: post #135

Earlier quoted context omitted.

People are ultimately responsible, and people are ultimately held accountable. Disrupting nodes or node network traffic, 51% attacks, and proverbial rubber hoses are all options. If Iran, Venezuela, and North Korea can barely avoid sanctions what makes you think a blockchain network can avoid something similar?

How would the authorities know who to look for? Ethereum is becoming increasingly anonymous. While not as good as Monero, it's still trivial to go in and out anonymously.

By paying technologists to implement the necessary tooling.

https://decrypt.co/40284/us-homeland-security-can-now-track-... ("US Homeland Security Can Now Track Privacy Crypto Monero")

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