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This is the perfect representative of blockchain technology because it’s a convoluted way to do something that is better done with existing technologies without

This is the perfect representative of blockchain technology because it’s a convoluted way to do something that is better done with existing technologies without using a blockchain.

p4bl0 5y ago
I'm glad I hit the reload button before writing my comment, I was going to say the exact same thing. EDIT: Okay blockchain zealots, downvote and flag my comment all you want, but if for once one of you could actually show a project that uses a blockchain (other than so-called "cryptocurrencies" which are essentially used as a speculation asset) and which cannot be implemented better and more efficiently with other technologies, that might be a little more interesting.
- fogof 5y ago
  For what it’s worth I think that if people were downvoting you because of your position, they would be downvoting the parent as well. They’re downvoting you because saying “I was going to say the same thing” doesn’t contribute to the conversation.
- burnished 5y ago
  Two things: 1) 'me-too' comments tend to get downvoted here in an effort to promote substantive discussion. I think something gets lost in the gulf between an upvote and stating you agree but thems the breaks and 2) cryptocurrencies actually do get used by people that lack access to stable currencies. I asked about this myself. I don't think it changes the original assessment, but it is heartening to know that there is some real utility people are getting out of this tech.
toolz 5y ago
Until you want do something completely distributed that requires trust. The runtime isn't great, but then again, what runtime is better that meets those requirements? ACH is far slower than many blockchain solutions, for example.
- dmitriid 5y ago
  > Until you want do something completely distributed that requires trust. And then a trustless system helps... how exactly? Oh, it doesn't, because you'll have to recreate all the trust institutions of the non-blockchain world. And, look, all blockchain "solutions" are busy doing exactly that.
dang 5y ago
"Please don't post shallow dismissals, especially of other people's work. A good critical comment teaches us something." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

This is the perfect representative of blockchain technology because it’s a convoluted way to do something that is better done with existing technologies without using a blockchain.

p4bl0 5y ago

I'm glad I hit the reload button before writing my comment, I was going to say the exact same thing. EDIT: Okay blockchain zealots, downvote and flag my comment all you want, but if for once one of you could actually show a project that uses a blockchain (other than so-called "cryptocurrencies" which are essentially used as a speculation asset) and which cannot be implemented better and more efficiently with other technologies, that might be a little more interesting.

fogof 5y ago
For what it’s worth I think that if people were downvoting you because of your position, they would be downvoting the parent as well. They’re downvoting you because saying “I was going to say the same thing” doesn’t contribute to the conversation.
burnished 5y ago
Two things: 1) 'me-too' comments tend to get downvoted here in an effort to promote substantive discussion. I think something gets lost in the gulf between an upvote and stating you agree but thems the breaks and 2) cryptocurrencies actually do get used by people that lack access to stable currencies. I asked about this myself. I don't think it changes the original assessment, but it is heartening to know that there is some real utility people are getting out of this tech.

toolz 5y ago

Until you want do something completely distributed that requires trust. The runtime isn't great, but then again, what runtime is better that meets those requirements? ACH is far slower than many blockchain solutions, for example.

dmitriid 5y ago
> Until you want do something completely distributed that requires trust. And then a trustless system helps... how exactly? Oh, it doesn't, because you'll have to recreate all the trust institutions of the non-blockchain world. And, look, all blockchain "solutions" are busy doing exactly that.

dang 5y ago

"Please don't post shallow dismissals, especially of other people's work. A good critical comment teaches us something." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html