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Web3? I have my DAOts

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Re: Web3? I have my DAOts

#601

Post by ThomPete »

lottin wrote: post #565
ThomPete wrote: post #518

Earlier quoted context omitted.

I already explained what enforcement means in this context giving you a very concrete example. Why don't you show how that example is not what I claim it is. Instead of just repeating what you already said. I can't help you see something you don't want to see.

> Why don't you show how that example is not what I claim it is. Because, quite honestly, I don't what your claim is. You're saying that a blockchain can "enforce DIGITAL" which is a meaningless sentence. Are you claiming that you can write a program and execute it on a blockchain? Sure. I can do the same on my computer. This is not an example of enforcing property rights, which was what we were talking about.

I am not talking about property rights and I am not sure where you are getting that from. So maybe you were thinking of someone else.

Re: Web3? I have my DAOts

#602

Post by ThomPete »

lottin wrote: post #568
ThomPete wrote: post #560

Earlier quoted context omitted.

I have answered it and again you are answering it ex. here: "A CC payment can look good, but it can be reversed because there other other channels, outside of the CC circuit, to prove those transactions are to be considered fraudulent. There is no such mechanism in the crypto space, so basically they are good unless you have an issue that can't be solved by the chain itself." This is a feature NOT a bug. It comes wit…

This is a complete FAILURE to enforce property rights. If by stealing your car, I automatically own it, that means there are no property rights whatsoever.

No it's not. You are assuming that the entry on the ledger is a person it's not. It's a thing. I can steal all sorts of things from you in real life and if you don't know I stole them, then they will be gone forever.

You are still not understanding what is meant by enforcing.

Re: Web3? I have my DAOts

#603

Post by ThomPete »

grey-area wrote: post #575
ThomPete wrote: post #559

Earlier quoted context omitted.

Why don't you tell me first what would make it possible since you seem to be privy to information no one else is. How are you going to change that?

It could be changed in bitcoin core, as previous changes to rules have been. It would require agreement from market participants.

Changes to some rules, not the fundamentals like the 21M though which is what is important.

Re: Web3? I have my DAOts

#604

Post by reginold »

dmitriid wrote: post #549
reginold wrote: post #547

Earlier quoted context omitted.

ah, nevermind. I had written a thoughtful reply to one of your other posts but it's clear the gap between us is bigger than can be solved in this medium.

> I had written a thoughtful reply Ah yes. The fictional thoughtful replies that are as rare as examples of projects where blockchains solve anything. > or the gap between us is bigger than can be solved in this medium. Or, perhaps, the reply wasn't as thoughtful as you thought it was. Or, perhaps, you could post it as a blogpost to narrow the gap. But nope.

Oo you know what would be cool is if we could have an anonymous coffee chat/virtual meeting. That would be fun!

Re: Web3? I have my DAOts

#605

Post by DangitBobby »

G3rn0ti wrote: post #405
DangitBobby wrote: post #365

Earlier quoted context omitted.

That green energy would have been used by someone else if BTC didn't use it. Put another way, if there had been one energy customer, X, instead of BTC + X, and availability of green energy was X + BTC/2, then fuelling BTC required generation of non-renewable energy.

That's not how markets work. Maybe on short term. If the demand for green energy is increasing due to Bitcoin, the production will also increase because it will drive profits of green energy producers.

It's more complex than that, but it's pretty much how the energy market works. Saying BTC only spends a special kind of sanctioned energy is magical thinking.

Why does BTC increase demand for green energy but not other kinds of energy? Or does it increase demand for all types of energy available in the grids in which it's generated?

Re: Web3? I have my DAOts

#606

Post by dmitriid »

reginold wrote: post #604
dmitriid wrote: post #549

Earlier quoted context omitted.

> I had written a thoughtful reply Ah yes. The fictional thoughtful replies that are as rare as examples of projects where blockchains solve anything. > or the gap between us is bigger than can be solved in this medium. Or, perhaps, the reply wasn't as thoughtful as you thought it was. Or, perhaps, you could post it as a blogpost to narrow the gap. But nope.

Oo you know what would be cool is if we could have an anonymous coffee chat/virtual meeting. That would be fun!

If you (and other crypto peddlers) can't put your thoughts down in a coherent form that doesn't raise more questions than gives answers, no amount of talking will help.

Re: Web3? I have my DAOts

#607

Post by lottin »

ThomPete wrote: post #602
lottin wrote: post #568

Earlier quoted context omitted.

This is a complete FAILURE to enforce property rights. If by stealing your car, I automatically own it, that means there are no property rights whatsoever.

No it's not. You are assuming that the entry on the ledger is a person it's not. It's a thing. I can steal all sorts of things from you in real life and if you don't know I stole them, then they will be gone forever. You are still not understanding what is meant by enforcing.

> I can steal all sorts of things from you in real life and if you don't know I stole them, then they will be gone forever.

You seem unable to form coherent ideas.

Re: Web3? I have my DAOts

#608

Post by lottin »

ThomPete wrote: post #601
lottin wrote: post #565

Earlier quoted context omitted.

> Why don't you show how that example is not what I claim it is. Because, quite honestly, I don't what your claim is. You're saying that a blockchain can "enforce DIGITAL" which is a meaningless sentence. Are you claiming that you can write a program and execute it on a blockchain? Sure. I can do the same on my computer. This is not an example of enforcing property rights, which was what we were talking about.

I am not talking about property rights and I am not sure where you are getting that from. So maybe you were thinking of someone else.

You replied to a comment where I argued that property rights cannot be enforced with blockchain technology. So, yeah, it's pretty obvious that we were talking about enforcement of property rights.

Re: Web3? I have my DAOts

#609

Post by grey-area »

ThomPete wrote: post #603
grey-area wrote: post #575

Earlier quoted context omitted.

It could be changed in bitcoin core, as previous changes to rules have been. It would require agreement from market participants.

Changes to some rules, not the fundamentals like the 21M though which is what is important.

I'm not clear on why you think this is 'impossible'. It's clearly possible to change the rules of a system defined by software, it just requires a majority of those maintaining the chain to go along with it.

Re: Web3? I have my DAOts

#610

Post by darkFunction »

lottin wrote: post #537
darkFunction wrote: post #511

Earlier quoted context omitted.

> what on earth are you talking about? I'm talking about a global, universal API layer supporting standardised contract enforcement and value transfer between applications. A centralised implementation of this would clearly be a bad idea. If you don't see utility in this I don't know what to tell you.

> I'm talking about a global, universal API layer supporting standardised contract enforcement and value transfer between applications. What does that even mean? How is a global API going to support the enforcement of a rental agreement? Or of a bond indenture? Who is actually going to enforce the contract? And what is the role of a global API in that? And what do you mean value transfer between applications? You wan…

Ignoring the condescending tone, value is already being transferred between computer programs. Trillions of dollars per year on Ethereum alone. A lot of the volume is undeniably speculation but denying that value can be transferred on blockchain is denying reality at this point.
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