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The internet was a solution looking for a problem. I believe these days it was around when Bezos quit his job to chase the internet, but this time, it is blockc

The internet was a solution looking for a problem. I believe these days it was around when Bezos quit his job to chase the internet, but this time, it is blockchain. The new blockchain-based millionaires/billionaires will be minted starting these days. No, not cryptocurrency. Please don't conflate the two. Cryptocurrency is a side effect of blockchain.

unchocked 6y ago
Given that blockchain is exclusively a workaround to lacking a trusted third party, approximately what fraction of economic activity would be revolutionized by not having to trust anyone?
- bustin 6y ago
  I'm under the impression that many of the blockchain-ers see it more as a new internet and less of a means of executing "trustless logic"
  - unchocked 6y ago
    Well, it's grossly inefficient, so in that sense it's in the spirit of the web.
    - bustin 6y ago
      Yeah to add to my above comment, I don't see why anyone would think it's "new internet" or use it in any non-subversive use case
- christiansakai 6y ago
  That's the exciting part. We don't know. Read Neil Postman's writing.
StreamBright 6y ago
Yes I agree. Blockchains would be pretty useful for many scenarios. Few ideas (some already in prodcution): - supply chain transparency (with the right crypto model you can do things like that different parties have different visibility into transactions) - food traceability - fighting counterfeit items (on amazon!) - a review website where reviews cannot be tampered with (bye bye google or amazon removing negative reviews) - logging stack for IT operations that cannot be tampered with