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>(store/restaurant) or content creator issuing tokens to be used for membership reward/points Why would a restaurant use this for membership point when a glori

>(store/restaurant) or content creator issuing tokens to be used for membership reward/points Why would a restaurant use this for membership point when a glorified Access db would work just as well?

Noxchi 9y ago
We are witnessing the dotcom bubble version 2: crypto bugaloo
- edoceo 9y ago
  We're gonna rock down to electric revenue. And then we'll take it higher!!
zanny 9y ago
Seriously, trustless networks are only good for arbitrage. Everything else doesn't need trustless when its all your own thing you control. Its just a lot of overhead and complexity you don't need then.
sushid 9y ago
You can say that about nearly all of these projects. Why Steem when Reddit/HN? Why Augur/Gnosis when we have sports and political betting websites? Why Sia/Maidsafe when we have Dropbox/Box/GDrive? And for the record, an SMB was just an example of a small-time issuer as opposed to a massive ICO worth millions. But the fact is, we continue to iterate and rewrite things in technology. Why Dropbox when I have a thumb drive? Why CRM/Salesforce when I have a Rolodex? Why noSQL when... SQL? No one is saying blockchain technology will cure cancer or is imperative in bringing about a change.
- MichaelGG 9y ago
  Some of those offer actual benefits. How does a restaurant benefit from using this tech to keep track of rewards points? Other than marketing "it's like food, but with blockchain!"?
  - sushid 9y ago
    Look, again, it's just an example of a small scale use of Bancor's token issuance. Not a how-to-guide for all SMB owners. Using Bancor does not mean that the SMB is doing this all from scratch. After all, how many restaurants do you see implementing their own POS system with in-house engineers? And to be honest, how airtight do you think a mom and pop shop's MS Access DB backup strategy would be? I would trust "food with blockchain" over "food with please-don't-die-on-me production DB."
    - MichaelGG 9y ago
      OK, but even a tiny example should make sense. OK so use Google Sheets instead of Access? Or anything? I don't get where the distributed, trustless, properties of blockchain tech make any sense for a centralized DB with only one source of truth (the restaurant).
      - sushid 9y ago
        Again, I get where you're coming from. "But what's the point?" is usually an argument that can be made for any new technology if you don't believe in the features that make it exciting and new. That doesn't mean people can't or shouldn't explore in a yet-another-noSQL DB, a new MVC framework, a new low-level language, etc. This hypothetical store doesn't have to use blockchain technology, but it could and reap the benefits or potential harms of doing things the new way.

>(store/restaurant) or content creator issuing tokens to be used for membership reward/points Why would a restaurant use this for membership point when a glorified Access db would work just as well?

Noxchi 9y ago

We are witnessing the dotcom bubble version 2: crypto bugaloo

edoceo 9y ago
We're gonna rock down to electric revenue. And then we'll take it higher!!

zanny 9y ago

Seriously, trustless networks are only good for arbitrage. Everything else doesn't need trustless when its all your own thing you control. Its just a lot of overhead and complexity you don't need then.

sushid 9y ago

You can say that about nearly all of these projects. Why Steem when Reddit/HN? Why Augur/Gnosis when we have sports and political betting websites? Why Sia/Maidsafe when we have Dropbox/Box/GDrive? And for the record, an SMB was just an example of a small-time issuer as opposed to a massive ICO worth millions. But the fact is, we continue to iterate and rewrite things in technology. Why Dropbox when I have a thumb drive? Why CRM/Salesforce when I have a Rolodex? Why noSQL when... SQL? No one is saying blockchain technology will cure cancer or is imperative in bringing about a change.

MichaelGG 9y ago
Some of those offer actual benefits. How does a restaurant benefit from using this tech to keep track of rewards points? Other than marketing "it's like food, but with blockchain!"?
- sushid 9y ago
  Look, again, it's just an example of a small scale use of Bancor's token issuance. Not a how-to-guide for all SMB owners. Using Bancor does not mean that the SMB is doing this all from scratch. After all, how many restaurants do you see implementing their own POS system with in-house engineers? And to be honest, how airtight do you think a mom and pop shop's MS Access DB backup strategy would be? I would trust "food with blockchain" over "food with please-don't-die-on-me production DB."
  - MichaelGG 9y ago
    OK, but even a tiny example should make sense. OK so use Google Sheets instead of Access? Or anything? I don't get where the distributed, trustless, properties of blockchain tech make any sense for a centralized DB with only one source of truth (the restaurant).
    - sushid 9y ago
      Again, I get where you're coming from. "But what's the point?" is usually an argument that can be made for any new technology if you don't believe in the features that make it exciting and new. That doesn't mean people can't or shouldn't explore in a yet-another-noSQL DB, a new MVC framework, a new low-level language, etc. This hypothetical store doesn't have to use blockchain technology, but it could and reap the benefits or potential harms of doing things the new way.