Idk why everyone rips on blockchain just because it's used for dumb things. If we used blockchain for voting we wouldn't be going back and forth on election integrity.
this post was submitted on 13 Nov 2024
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Highly unlikely. For all intents and purposes it is impossible to create any system, that is anyonymus and trustworthy. And in voting one is exactly as important as the other. If you tried to make electronic voting, keep in mind, that ANY DEVICE in the chain that runs even microcode, or has any form of firmware is suspect. Better cryptography almost makes things worse.
You need to explain that, though they are generally rich, it's not unusual for unheard of princes to occasionally fall on hard times and have their fortunes compensated until they are able to pay a ransom to get a corrupt bank or government to release their vast wealth back to them AND that they are almost always grateful to anyone who assists them in paying that ransom.
Oh wait, sorry, wrong scam.
Wouldn't you find it useful to be able to prove that you paid for something? When you buy an NFT, you're buying just that: the ability to prove that you bought it. And sometimes it even comes with a copy of an image or a spaceship you might just be able to use in a video game or just hold on to until we develop the technology to live in video game spaceships and you sell it for massive profits!
Turn that into an NFT, nerd.
This is bait. It's gotta be.
Obv
If this was Reddit this would be posted on a "CryptobrosLs" communities or something
Reddit has had a "Buttcoin" subreddit making fun of Bitcoin since 2011!
it has been
repeatedly
Oh.
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Did Elon write this?
Isn't he on top of many of these pyramid chains?
Probably would if he could
Relationships are like the blockchain.
There's no trusted, central database of all relationships that determines what is or isn't cheating.
That trust is negotiated in each interaction.
Marriages follow the traditional method of a chain of trust. There is a central database that lies with the government or the church, and everyone decides which database they want to trust.
You must have an interesting social life that every time you hook up, all past relationships immediately contact each other and vote on whether you are a cheater.
His real name is Scott Pilgrim.
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I’ve read that blockchain itself is a good technology. NFTs are a laughably absurd attempt to exploit that technology for profit.
Xitter op needs to shut up.
It's one of those things where scientists discovered something interesting and novel, and then a bunch of dumb grifters came in to try and make it their new snake oil.
A very, very long time ago, back when Bitcoin was viewed as a currency instead of an "investment" platform, Bitcoin kinda fulfilled the ideal use case for the blockchain. I think now the general public is just too soured on them for that to ever be the case, unless Elon makes Bitcoin the new currency of the U.S...
I seriously think his plan is fuck up the US economy so bad that the dollar hyperinflates.
Don't worry, other countries won't let it happen because their economies are held hostage by US.
Blockchain is a solution in search of a problem. A way to establish trust while not trusting any party is a cool concept, but in the real world it's far easier to establish a source of trust.
It is a bad solution though, because it revolves around wasting tons of energy in solving made up problems no one actually needs the solution to. I know there's alternative cryptocurrency that use better methods or solve actual problems but 90% of it is bitcoin.
Congratulations, now your trust relies on your subject never becoming important enough that someone bothers to run 50%+1 of the nodes in your network which means only very, very large subjects (or ones where trust wasn't very important in the first place) ever even have a chance of that not happening. What do you say? Your technology doesn't scale to very, very large subjects because of abysmal transaction rates?
now your trust relies on your subject never becoming important enough that someone bothers to run 50%+1 of the nodes in your network
Yup. Very well said. People don't realize the extent of wealth inequality (and how ridiculously resource intensive blockchain tech is). If anything important were to be decide by a blockchain, the top 1% would control the network.
More on wealth inequality here.
Today's inequality was created by the Cantillon effect.
What happened in 1972?
Soviet Union launched Venus-8
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