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There are no uses for turing complete smart contracts on a blockchain
by brighton36 9y ago
There are no uses for turing complete smart contracts on a blockchain
- splintercell 9y agoSince Dropbox episode we don't tell people that nobody has any usage of their product.
- jjn2009 9y agoExcept any reasonably complex interactions between parties which may or may not be accounting applications yet still need a distributed system of trust. Which includes a few trillion dollar industries.
- brighton36 9y agoRegistered assets are always more secure and cheaper than bearer assets. And if you needed bearer assets, there's multisig, which does everything turing complete code does, cheaper and more secure
- jjn2009 9y agoIts the interactions between assets, agreements and trusted devices which opens up possibilities greater than the scope of this thinking.
- brighton36 9y agoI see. What blockchain does the NYSE use?
- jjn2009 9y agoI don't talk to their developer teams so I wouldn't know. I wouldn't expect them to move quickly enough for that to have been publicly announced by now. My guess is either ethereum or hyperledger fabric depending on how much of their system they would want completely public. Queries per second is a huge concern there too, so it might be a while off for NYSE for this reason alone.
- formula1 9y agoYou may be right about this.
- ChrisClark 9y agoOf course, us maximalists all know Bitcoin is the pinnacle and can never be improved on. /s
- brighton36 9y agoIt can be improved on, but blockchain is REALLY REALLY hard