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This is a solved problem. All interested parties form an independent business entity and assign ownership to that. All problems related to inter-company colla

This is a solved problem. All interested parties form an independent business entity and assign ownership to that. All problems related to inter-company collaboration are people and organizational problems not technical problems. Blockchain solves nothing in this space.

rrecuero 9y ago
The main benefit of blockchain is that it is trustless and censorship-resistant. You don't need to trust any business entities. You can transact with someone in a zero trust environment on the other side of the world
- qyv 9y ago
  Just because you use a blockchain doesn't make your implementation trustless, nor censorship resistant.
  - ruiquelhas 9y ago
    Actually, according to the original definition - https://github.com/trottier/original-bitcoin/blob/92ee8d9a994391d148733da77e2bbc2f4acc43cd/src/main.h#L795-L800 https://github.com/trottier/original-bitcoin/blob/92ee8d9a99... - it does, since blockchain is bitcoin (and vice-versa), and as far as anyone can tell, currently it is indeed trustless and censorship resistant. The problem is that some people adopted blockchain as some kind of weird gimmick to wrap extraordinary claims such as the ones in the original post and promote scams (altcoins, appcoins, whatever).
- jhwang5 9y ago
  Not sure about censorship-resistance. Bitcoin transactions can be traced back to some identity, especially if the payer's Bitcoins were originally funded with fiat currency that came from the banking system.
  - ruiquelhas 9y ago
    That does not say anything about censorship resistance, because it does not mean the transactions can be reversed (on the contrary). That's a problem of anonymity (or lack thereof).
    - jhwang5 9y ago
      Yes, but wouldn't the fact that it's not totally anonymous discourage people from saying whatever they want? Like, self-directed censorship.
ojr 9y ago
it cost on average around $1 USD to perform an average blockchain transaction and millions of transaction are made a day, the demand is transparent and the data is available for everyone to see. If it was a solved problem I would expect the demand for decentralized ledgers to be a lot lower
- jhwang5 9y ago
  You are confounding the demand for decentralized ledgers with the demand for currency that's recorded on the ledgers.

rrecuero 9y ago

The main benefit of blockchain is that it is trustless and censorship-resistant. You don't need to trust any business entities. You can transact with someone in a zero trust environment on the other side of the world

qyv 9y ago
Just because you use a blockchain doesn't make your implementation trustless, nor censorship resistant.
- ruiquelhas 9y ago
  Actually, according to the original definition - https://github.com/trottier/original-bitcoin/blob/92ee8d9a994391d148733da77e2bbc2f4acc43cd/src/main.h#L795-L800 https://github.com/trottier/original-bitcoin/blob/92ee8d9a99... - it does, since blockchain is bitcoin (and vice-versa), and as far as anyone can tell, currently it is indeed trustless and censorship resistant. The problem is that some people adopted blockchain as some kind of weird gimmick to wrap extraordinary claims such as the ones in the original post and promote scams (altcoins, appcoins, whatever).
jhwang5 9y ago
Not sure about censorship-resistance. Bitcoin transactions can be traced back to some identity, especially if the payer's Bitcoins were originally funded with fiat currency that came from the banking system.
- ruiquelhas 9y ago
  That does not say anything about censorship resistance, because it does not mean the transactions can be reversed (on the contrary). That's a problem of anonymity (or lack thereof).
  - jhwang5 9y ago
    Yes, but wouldn't the fact that it's not totally anonymous discourage people from saying whatever they want? Like, self-directed censorship.

ojr 9y ago

it cost on average around $1 USD to perform an average blockchain transaction and millions of transaction are made a day, the demand is transparent and the data is available for everyone to see. If it was a solved problem I would expect the demand for decentralized ledgers to be a lot lower

jhwang5 9y ago
You are confounding the demand for decentralized ledgers with the demand for currency that's recorded on the ledgers.