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governmemts are thinking of putting assets and laws on Blockchain, stock exchanges are waiting for scalability to start putting everything on the blockchain. Im

governmemts are thinking of putting assets and laws on Blockchain, stock exchanges are waiting for scalability to start putting everything on the blockchain. Immutable government records already exist. Where do you base your argument?

seanalltogether 9y ago
If there is a definitive source of trust (ie. the government) then a blockchain is a very inefficient mechanism for distribution.
- __s 9y ago
  Don't trust the government
- arisAlexis 9y ago
  yes very little corruption in governments worldwide and records are never counterfeited. I agree
  - namdnay 9y ago
    But if the government is corrupt they'll just say that the original transaction was invalid for X Y Z reasons and carry on... the truth being obvious has never been a problem for corrupt regimes
  - visarga 9y ago
    The government will outmine everyone and change the records.
  - seanalltogether 9y ago
    Are you suggesting governments (corrupt or not) would consider handing over the signing authority for legal processes to external anonymous parties?
  - smileysteve 9y ago
    Git provides centralized version tracking that can be cloned easily -- no miners required. And authenticity, while not truly unique is likely unique enough.
  - s73v3r_ 9y ago
    And how would a blockchain stop a government from putting a counterfeit record in to start?
    - spookthesunset 9y ago
      > And how would a blockchain stop a government from putting a counterfeit record in to start? Or any entity? Sure you can trust that once it is in the blockchain it won't get tampered with but you still have to trust the source of that record. ... which is where all these stupid "do your inventory management on the blockchain" things fall apart with even an ounce of thought. Who gives a crap if the blockchain trustlessly says the wine was made with grapes from peru if a corruptible human had to enter it... At some point, all data comes from humans and you have to trust those humans to do the right thing. And when those humans breech that trust, you need meatspace based institutions to sort out the mess...
debt 9y ago
“governmemts are thinking of putting assets and laws on Blockchain” Two things: this statement is so vague it borders on meaningless. What assets? Who will put it in there? The president? Why would a government do that? Is it free to do or is there budget? Etc. Secondly, even if we could surmount the vagueness that plagues not just this idea but all blockchain ideas, the Herculean effort required to move governments which can barely move themselves seems like it would delay the whole thing by decades. It all starts with how vague the ideas are. It really requires simply staring at the ceiling and figuring out precisely what you mean when you talk about blockchain ideas.
- arisAlexis 9y ago
  assets like everything from real estate records to money to corporate stocks to car ownership to birth certificates. What you call vagueness I call short sightedness and failing to see the big picture. It has been done before with all major breakthroughs since the applications are not immediately obvious to everyone.
  - SirLJ 9y ago
    What government? I hope mine do not do that, this information should remine private...
    - mr_spothawk 9y ago
      Several states in the US are accepting tax payments in bitcoin. Additionally ever out of counties in the US which are putting real estate transactions on a block chain
      - lern_too_spel 9y ago
        > Several states in the US are accepting tax payments in bitcoin. Citation needed. The Arizona senate barely passed one such bill, but it would still need to pass the House and the governor. Arizona's government is known to do silly things in a vain attempt to be tech relevant.
arisAlexis 9y ago
wow at hate squad. only a few people can downvote and boy they are blockchain haters. my comment stands quite on its own.

seanalltogether 9y ago

If there is a definitive source of trust (ie. the government) then a blockchain is a very inefficient mechanism for distribution.

__s 9y ago
Don't trust the government
arisAlexis 9y ago
yes very little corruption in governments worldwide and records are never counterfeited. I agree
- namdnay 9y ago
  But if the government is corrupt they'll just say that the original transaction was invalid for X Y Z reasons and carry on... the truth being obvious has never been a problem for corrupt regimes
- visarga 9y ago
  The government will outmine everyone and change the records.
- seanalltogether 9y ago
  Are you suggesting governments (corrupt or not) would consider handing over the signing authority for legal processes to external anonymous parties?
- smileysteve 9y ago
  Git provides centralized version tracking that can be cloned easily -- no miners required. And authenticity, while not truly unique is likely unique enough.
- s73v3r_ 9y ago
  And how would a blockchain stop a government from putting a counterfeit record in to start?
  - spookthesunset 9y ago
    > And how would a blockchain stop a government from putting a counterfeit record in to start? Or any entity? Sure you can trust that once it is in the blockchain it won't get tampered with but you still have to trust the source of that record. ... which is where all these stupid "do your inventory management on the blockchain" things fall apart with even an ounce of thought. Who gives a crap if the blockchain trustlessly says the wine was made with grapes from peru if a corruptible human had to enter it... At some point, all data comes from humans and you have to trust those humans to do the right thing. And when those humans breech that trust, you need meatspace based institutions to sort out the mess...

debt 9y ago

“governmemts are thinking of putting assets and laws on Blockchain” Two things: this statement is so vague it borders on meaningless. What assets? Who will put it in there? The president? Why would a government do that? Is it free to do or is there budget? Etc. Secondly, even if we could surmount the vagueness that plagues not just this idea but all blockchain ideas, the Herculean effort required to move governments which can barely move themselves seems like it would delay the whole thing by decades. It all starts with how vague the ideas are. It really requires simply staring at the ceiling and figuring out precisely what you mean when you talk about blockchain ideas.

arisAlexis 9y ago
assets like everything from real estate records to money to corporate stocks to car ownership to birth certificates. What you call vagueness I call short sightedness and failing to see the big picture. It has been done before with all major breakthroughs since the applications are not immediately obvious to everyone.
- SirLJ 9y ago
  What government? I hope mine do not do that, this information should remine private...
  - mr_spothawk 9y ago
    Several states in the US are accepting tax payments in bitcoin. Additionally ever out of counties in the US which are putting real estate transactions on a block chain
    - lern_too_spel 9y ago
      > Several states in the US are accepting tax payments in bitcoin. Citation needed. The Arizona senate barely passed one such bill, but it would still need to pass the House and the governor. Arizona's government is known to do silly things in a vain attempt to be tech relevant.

arisAlexis 9y ago

wow at hate squad. only a few people can downvote and boy they are blockchain haters. my comment stands quite on its own.