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How We Realized Putting Blockchain in Everything Was Not the Answer (2020)
by endymi0n 10y ago
How We Realized Putting Blockchain in Everything Was Not the Answer (2020)
- Znafon 10y agoWell, it doesn't kill you, just makes you look stupid.
- jes5199 10y agoI'm thinking in a hundred years it will be "How We Realized Putting Microprocessors in Everything Was Not the Answer"
- sand500 10y agoLet me guess, security vulnerabilities in literally every object.
- tbrake 10y agoCan't recall if I read it here or on twitter but there was a great quote along that line : "The 'S' in IoT stands for 'Security'"
- astrodust 10y agoInternet of Hackable, Completely Unpatchable Things Capable of Destroying the Internet.
- pdelbarba 10y agoPardon my curiosity, but what would be a case of blockchain making something worse?
- kpil 10y agoMost places where you already have a trusted 3rd party in place, or you do not need to trust anyone but yourself? Especially if you have a limited time to clear transactions.
- aeturnum 10y agoBitcoin makes moving money around slower, public, more expensive and monolithic. Its single advantage is that you don't have to trust anyone. That's a big thing, obviously, but it's hard to say it made the payment functionaliy better.
- bdamm 10y agoThat's not right at all. Intra-bank systems for transferring money are not only quite complex, but in many cases they are open to analysis by government middlemen, which is a sort of warped public reveal. This is the basis of "sanctions", using intra-bank mechanisms to effect public policy on an international stage. Bitcoin's main problem is that you have to transfer value into and out of it somehow. In most other ways it is far superior to existing currency movement mechanisms.
- aeturnum 10y ago>That's not right at all. You say this, yet what you described doesn't contradict my description at all. It is true that banks will do things governments ask them to do. It is also true that bank transfers are not perfectly private. All the drawbacks of bitcoin are also true. If you're going to defend it as, "far superior to existing currency movement mechanisms," then you should say why you think it is. I think it isn't - for the reasons stated.
- kpil 10y agoI would argue that lawful interception is a feature, not a problem. In those cases it is a problem with government insight, the actual problem is the government itself, and there are more pressing problems to deal with, rather than worrying about the money transfer systems.
- loader 10y agoBlockchain Brand Creamery Butter