It's gonna be hard to deprecate a public blockchain, but if someone can do it it's Google!
It's extremely simple if no one uses it!
Google Creates Blockchain Unit, Hires New ‘Founding Leader’
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Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#92Earlier quoted context omitted.
I'm aware but that wouldn't apply if Google launched a blockchain, which was the origin of this thread, and it wouldn't help with the details I listed where key parts of the system are not stored on the blockchain. If Google introduced, say, oracles which their smart contracts relied on you'd need a way to provide a new service and permission to update those contracts (this is, of course, a massive risk for fraud so…
Yeah maybe, I'm really having trouble imagining what Google could be building here so can't say either way.
Yeah, I would definitely not want to say anything other than “it depends” until details emerge. This isn't even an official announcement yet so anyone who knows presumably is under legal constraints not to say anything.
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#93Earlier quoted context omitted.
My first thought as well. Rumors like this seem to come in droves whenever Bitcoin prices tumble. I can believe that Google hired a distributed technologies lead somewhere. Spinning it as blockchain/crypto seems to be the work of journalists trying to make it sound more interesting to the average viewer (more clicks)
> Rumors like this seem to come in droves whenever Bitcoin prices tumble. Any evidence you can point us to?
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#94Interesting to see this post the day after I saw that Twitter now allows NFT profile pics -- and the same day the prices for the major crypto "currencies" are taking a beating.
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#95Google would be in a situation similar to Facebook (with their Libra or whatever it is called now) if they embarked on a cryptocurrency project, no?
Google already has considerable experience with payments and related compliance matters (specifically KYC and AML). Facebook not so much and I got the sense that they thought they might try to ignore those issues. It didn't work out too well for them.
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#96Earlier quoted context omitted.
This is silly. There are many, many true believers. https://news.ycombinator.com/item?id=29140393
That's just a comment to yourself without many commenters in it. /S?
It links to this course syllabus from the top algorithmic game theorist in the world:
https://timroughgarden.github.io/fob21/l/l1.pdf
I doubt roughgarden is excited about blockchains just because he has some tokens
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#97Earlier quoted context omitted.
And do three captchas to view your wallet.
"Mining" this Google blockchain would be offices full of people solving captchas all day long.
Nah, they'll make a hybrid of captcha and ads so that they can get companies to pay them for the captcha content.
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#98I guess this means the hype has finally peaked? This seems like a late, reluctant adoption and a nail in the coffin for the tech (honestly, good riddance -- Merkle trees have their uses but sheesh).
Why would this be a nail in the coffin? Google moving into a new space, though usually unsuccessful, hasn't signaled the end of the space itself has it?
I don't think it's signalling the end of the space, just the end of the hype train.
I think at best we'll see the space shrink back to reflect the value it brings to the market.
Personally my bet is that it brings negative value for most of the use-cases it's being sold for and that the contraction will be large but... completely gone? I doubt it.