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I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

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Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#31

Post by smsm42 »

xmprt wrote: post #10
smsm42 wrote: post #4

I kinda question the scientific methodology of "take the first N Google results". Not only for obvious reasons, but also for the reason that a lot of infrastructural projects that have a lot of real world effects are not routinely discussed in the press (because they are extremely boring to everybody but specialists, also because nobody but the specialists knows they exist, or understands how they work) and thus woul…

How can you distinguish between infrastructure products and hype products? If you said that a dating website turned video sharing platform would become on of the bedrocks of the online content creator economy you'd probably be laughed out of the room 20 years ago but that's what YouTube is today. I think the same thing applies to technology infrastructure. ETH came out in 2015 but it took a few years before it became…

> How can you distinguish between infrastructure products and hype products?

If you don't understand the industry, you can't. That's what hype is for - to make you unable to distinguish those. If you really need to do that - you find somebody who knows the industry and who you can trust, and ask them. Otherwise, you just accept that you have no idea and would have to wait till the results are clear to know.

> it's hard to predict what's going to be an important infrastructure product.

Yes. Even for people that know what it is about. Virtually impossible for people that don't.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#32

Post by civilized »

hestefisk wrote: post #20

I’m surprised there’s no mention of R3/Corda. There’s a lot of good real-world application of blockchain in their portfolio, which us effectively a consortium of banks working together. Documentary trade finance is where blockchain finds decent uses.

I tried to Google this and all I was able to learn is it's backed by big banks and it lets you transact without disclosing information to your competitors.

Still can't quite understand if there's anything to it beyond hype and FOMO.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#33

Post by jjulius »

influxmoment wrote: post #19
notRobot wrote: post #8

Extremely relevant simple chart: NIST's answer to "Do you need a blockchain?" : https://m.imgur.com/a/RlUj9Ed

This is wrong. Blockchains validate data. Their purpose isn't to store it. Mostly the answer to do you need a blockchain is no

>This is wrong.

Okay.

>Mostly the answer to do you need a blockchain is no.

But... that's the same thing that the wrong chart says...

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#34

Post by akudha »

It would be nice to read an article on blockchain projects that are actually used in the real world and have real impact on human life. Assuming such projects exist.

By now, most people have a healthy skepticism of blockchain projects.

All that said, kudos to the author for spending a good amount of time looking into these projects.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#35

Post by YetAnotherNick »

smsm42 wrote: post #4

I kinda question the scientific methodology of "take the first N Google results". Not only for obvious reasons, but also for the reason that a lot of infrastructural projects that have a lot of real world effects are not routinely discussed in the press (because they are extremely boring to everybody but specialists, also because nobody but the specialists knows they exist, or understands how they work) and thus woul…

> first of all, on a decentralized blockchain you can not really censor a transaction

This is not true. Even though blockchain is decentralized there could be a single chain/few chains of truth if you want to convert it to real money. And that chain could only be the one that would be approved by coinbase, bitfinex etc. If they want to censor an address they simply could stop accepting those transactions, and then miners will have no choice but to censor those transaction else they couldn't convert it to money. The same affect could also be created by bitcoin developers or government. Till now, AFAIK only developers along with exchange have been successful in censoring a transaction[1][2], but government came close[3].

[1]: https://en.bitcoin.it/wiki/Value_overflow_incident [2]: https://levelup.gitconnected.com/how-ethereum-reversed-a-50-... [3]: https://www.coindesk.com/tech/2021/05/07/marathon-miners-hav...

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#36

Post by PragmaticPulp »

hash872 wrote: post #14

I have an extremely low opinion of blockchain/crypto, but in the interest of fairness, I did read an FT piece a few months ago about how banks are apparently actually using the blockchain for currency trading: "HSBC and Wells Fargo are cutting out a key part of the currency market’s infrastructure from some trades after the two banks agreed to settle transactions directly on blockchain technology. From Monday, they w…

> how banks are apparently actually using the blockchain for currency trading:

There isn’t a single blockchain that we can call “the blockchain”

Technically, a private append-only log is a blockchain if it includes some hashing in each entry to verify the previous entry. This creates a chain of blocks that can be verified to have occurred in a certain order without tampering, though it wouldn’t have the features of a distributed blockchain like cryptocurrencies. This is actually fine for a lot of applications. It’s especially fine if you get a vague business direction to “use blockchain somewhere” and you need to check that box for PR/marketing/investor-pleasing purposes.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#37

Post by simonw »

Fargoan wrote: post #27
api wrote: post #12

Earlier quoted context omitted.

We’re out hiring right now and it’s shocking how many people have a career filled totally with dodgy cryptocurrency nonsense. Loads of designers and developers have most of their experience in platforms that seem to have no utility beyond scams, gambling, and MLMs. There certainly is a massive amount of wasted talent here.

What do you think is wrong with gambling?

It takes advantage of people who have a common mental disorder. https://en.wikipedia.org/wiki/Problem_gambling

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#38

Post by rzwitserloot »

I keep saying this, but:

Bitcoin is well over 10 years old by now. In 10 years, the internet was already clearly adding a ton of value all over the place. Bitcoin is not really a 'young technology' anymore, and the only thing it has enabled so far is risky, unregulated investment strategies, and an staggering amount of crime.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#39

Post by tux3 »

cowtools wrote: post #28
influxmoment wrote: post #19

Earlier quoted context omitted.

This is wrong. Blockchains validate data. Their purpose isn't to store it. Mostly the answer to do you need a blockchain is no

The purpose of bitcoin, for example, is not to store a list of transactions?

Storing the list is the easy part. I have a usb drive that can store the list.

You want people to agree on which chain is the main chain, so that you can only add things to the list, and you can't go back or substitute it with another list without breaking proof of work.

The purpose of bitcoin is to make people agree that a spent transaction is irrevocably spent.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#40

Post by [deleted] »

cowtools wrote: post #28
influxmoment wrote: post #19

Earlier quoted context omitted.

This is wrong. Blockchains validate data. Their purpose isn't to store it. Mostly the answer to do you need a blockchain is no

The purpose of bitcoin, for example, is not to store a list of transactions?

[deleted]
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