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You make it sound like having an open system for timestamped records with support for highly complex permissions validation with a deep audit trail that is resi

• aaron-lebo 9y ago
  They criticized blockchain, but still said it was useful. They didn't act like it had no utility, that's a strawman. When I see IBM advertising blockchain in the middle of football games to an audience who has no fucking clue what that means, or how little it is used in production, I know it's hype. The blockchain is a useful protocol, but what you are describing doesn't even require it, just a few trusted sources, which blockchains have to fall back to, anyway, with trusted oracles. Their larger point might be that as much a blockchain advocates love it, there's not a single mainstream application outside of Bitcoin 8 years later. Someone yesterday compared it to the hype behind torrents changing everything, though torrents might be more practically useful.
  • maxfurman 9y ago
    Torrents are used by Blizzard, among others, to distribute updates for their games
• JackFr 9y ago
  You can buy drugs with git?
  • JorgeGT 9y ago
    Given the complexity of git commands, I cannot rule it out.
    • sli 9y ago
      Oh here it is, git-buy-drugs.
      • mercer 9y ago
        It would never be that straightforward.
    • gilbetron 9y ago
      git rebase --bong
      • gilbetron 9y ago
        Dammit, should've said: git freebase
  • empath75 9y ago
    Indirectly. You get paid for committing code, after all.
  • deleted 9y ago
    [deleted]
  • lloyd-christmas 9y ago
    git pull pull pass
• pdpi 9y ago
  We've had all of that for aeons. The only really novel thing Bitcoin brought to the table was the consensus algorithm (which is in no way, shape, or form a complaint — it's precisely what it should be) — but that consensus algorithm only works for currencies (for a sufficiently loose definition of currency that allows for the current fees and delays). Nakamoto consensus solves the double-spend problem, but only if mining blocks gives you a reward that's denominated in the same currency as the transactions you're mining.
  • DennisP 9y ago
    Ethereum uses essentially the same consensus algorithm for lots of things besides currencies.
    • pdpi 9y ago
      My definition of "doesn't work" here is: the security guarantees that the consensus protocol provides stop applying. Just because nobody has found it worthwhile to attack Ethereum "not a currency" stuff yet doesn't mean that it's safe.
      • DennisP 9y ago
        Ethereum's consensus model makes the same security guarantees for contract operation that it does for the built-in currency; given the value of Ethereum-based tokens there's a very large bounty for anyone able to poke a hole in that. Of course this is only a guarantee that contracts will run as written, not that they're written correctly. There's a lot of research on applying high-assurance techniques to contract development but it'll be a while before that stuff is ready for production.
  • drcode 9y ago
    OP talked about "Blockchain" not bitcoin specifically (which has more limited use cases, but that's not relevant to this thread)
    • ska 9y ago
• osrec 9y ago
  I don't think I made it sound that way, but if I did, it was in error. I understand the implications of the technology, but my issue is with firms applying it to literally everything, even when it's not cogent to do so.
• UncleMeat 9y ago
  Just use git then? A number of auditable ledgers exist w/o decentralization.