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Here’s some examples of things that blockchains can/do help with: - Currencies that cannot be manipulated/controlled by a government / external forces (plenty
by crispyporkbites 7y ago
Here’s some examples of things that blockchains can/do help with:
- Currencies that cannot be manipulated/controlled by a government / external forces (plenty of examples why that’s a real problem in history, including runaway inflationary policies, payments restricted from certain individuals eg sex workers)
- Cheap accounting (see digital autonomous companies), you can run a company with lower costs by programmatically handling all transactions. eg running a justgiving type site should be cheaper on a blockchain, in theory
- Fully traceable payments (i.e. knowing who paid who how much throughout history, makes paying taxes, illegal transactions easier)
- A single place where a piece of data can be guaranteed to be accurate (eg you can publish data on a blockchain and prove it was published then at a later date, and there’s no way to manipulate this)
There’s more, I’m sure... Whether these justify the hype or are big enough problems are different questions
- louwrentius 7y agoI was not interested in hypotheticals, I want actual substantial evidence that it solves anything practical now, after 11 years.
- crispyporkbites 7y agoThese are all things that are implemented now...