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>It doesn't help that I personally have yet to see a use for a blockchain which isn't replicating an existing financial instrument while trying to avoid the eye

by koboll 5y ago

>It doesn't help that I personally have yet to see a use for a blockchain which isn't replicating an existing financial instrument while trying to avoid the eyes of the state. I mean, there's a domain name system. There are various games. There was recently a high-profile crowdfunded attempt to buy an artifact at auction. Feel free to be skeptical of all of these, but what's the point of posting that you "haven't seen" anything legitimate if you're unwilling to exert a bare minimum level of effort to research other use cases?

doopy1 5y ago
BuT tHis is AlL PosSiBLe wIth eXisTInG TechNoloGY!!
afavour 5y ago
The crowdfunding to bust the constitution is surely a replication of an existing financial instrument? Crowdfunding is not new. That particular episode also laid bare the problems no web3 proponent seems to want to address: a whole load of people are going to lose all the money they gave to the fund because transaction fees will swallow their investment whole if they ever try for a refund.
- stefan_ 5y ago
  Not to mention that all the transaction fees meant their final fund was just barely too small to actually buy the item they had crowdfunded for. Cryptocurrency: it just ain't good for anything.
zepto 5y ago
How is that crowdfunding thing anything other than a failed publicity stunt? There is nothing new that was demonstrated.
luhn 5y ago
> I mean, there's a domain name system. You mean ENS, the .eth domain registrar incorporated in the Cayman Islands? It doesn't matter what the blockchain says, my .eth domain is only good as long as the registrar agrees to honor it. Sounds like GoDaddy with more steps. > There are various games. What's the point of a distribute ledger that can only be used within a game controlled by a centralized company? > There was recently a high-profile crowdfunded attempt to buy an artifact at auction. You mean ConstitutionDOA, which imploded quite spectacularly? People are still wondering if that was a scam or just sheer incompetence. Honestly it's hilarious that you would bring that up as a flagship example. > you're unwilling to exert a bare minimum level of effort to research other use cases I have exerted that effort and more, and still come up short.
- ZombiePartie 5y ago
  [flagged]
- fastball 5y ago
  Regarding ENS, it actually does matter what the blockchain says, because everyone that has integrated ENS (like IPFS or MetaMask) are using the records in the blockchain to resolve which name.eth is connected to which wallet.
- koboll 5y ago
  So when I point out that there are other use cases beyond "replicating an existing financial instrument while trying to avoid the eyes of the state", instead of walking back your claim that no other use cases exist, you simply move the goalposts and attack these use cases in other ways. They're all perfectly legitimate complaints. But the fact that you have to resort to them, rather than defending your original claim, shows how weak that claim was.
  - luhn 5y ago
    When someone says "use case" they mean something... useful. I think it's pretty obvious that the OP didn't mean "no one has tried anything with blockchain." I wasn't the one who made that claim anyways, so let me make one: Beyond cryptocurrency, there is no problem that blockchain solves better (simpler, cheaper, more efficient, more practical, etc.) than "traditional" organizations and technology.
- lui8906 5y ago
  > What's the point of a distribute ledger that can only be used within a game controlled by a centralized company? The game is made by a centralized company. The items and economy in the game are on chain. Gamers can sell their items to other gamers. Or items can be interwoven into multiple games because the items / economy share the same "backend".
wpietri 5y ago
Please consider that they have seen those things. Is there any of those that couldn't be done without a blockchain? Indeed, wouldn't have been done better without a blockchain? The "buy an artifact" thing ended up a total mess. To the extent any true distributed blockchain was used, it didn't help anything: https://www.vice.com/en/article/qjb8av/constitutiondao-aftermath-everyone-very-mad-confused-losing-lots-of-money-fighting-crying-etc https://www.vice.com/en/article/qjb8av/constitutiondao-after...
7307d55853ee6b9 5y ago
> unwilling to exert a bare minimum level of effort to research other use cases? What I'm unwilling to do is wade through the mountains of scams and get-rich-quick schemes to find novel applications of a distributed ledger. Games? Seriously? Show me a game that isn't just a vehicle for boosting the trade volume of some shitcoin. It's all dystopian tech bro capitalism to me. > There was recently a high-profile crowdfunded attempt to buy an artifact at auction. Feel free to be skeptical of all of these, but Yeah, that one where half the people who want a refund will lose a significant chunk, if not all, of their donation in fees. I find it absolutely laughable that with all of the fancy "smart contract" tech out there someone couldn't figure how to hold these donations in cryptographic escrow and return them without a huge penalty if the transaction were to fall through. It's hard to feel bad for those who put money in. It should all be automated and foolproof, and I thought that was the point.

by koboll 5y ago

doopy1 5y ago

BuT tHis is AlL PosSiBLe wIth eXisTInG TechNoloGY!!

afavour 5y ago

The crowdfunding to bust the constitution is surely a replication of an existing financial instrument? Crowdfunding is not new. That particular episode also laid bare the problems no web3 proponent seems to want to address: a whole load of people are going to lose all the money they gave to the fund because transaction fees will swallow their investment whole if they ever try for a refund.

stefan_ 5y ago
Not to mention that all the transaction fees meant their final fund was just barely too small to actually buy the item they had crowdfunded for. Cryptocurrency: it just ain't good for anything.

zepto 5y ago

How is that crowdfunding thing anything other than a failed publicity stunt? There is nothing new that was demonstrated.

luhn 5y ago

> I mean, there's a domain name system. You mean ENS, the .eth domain registrar incorporated in the Cayman Islands? It doesn't matter what the blockchain says, my .eth domain is only good as long as the registrar agrees to honor it. Sounds like GoDaddy with more steps. > There are various games. What's the point of a distribute ledger that can only be used within a game controlled by a centralized company? > There was recently a high-profile crowdfunded attempt to buy an artifact at auction. You mean ConstitutionDOA, which imploded quite spectacularly? People are still wondering if that was a scam or just sheer incompetence. Honestly it's hilarious that you would bring that up as a flagship example. > you're unwilling to exert a bare minimum level of effort to research other use cases I have exerted that effort and more, and still come up short.

ZombiePartie 5y ago
[flagged]
fastball 5y ago
Regarding ENS, it actually does matter what the blockchain says, because everyone that has integrated ENS (like IPFS or MetaMask) are using the records in the blockchain to resolve which name.eth is connected to which wallet.
koboll 5y ago
So when I point out that there are other use cases beyond "replicating an existing financial instrument while trying to avoid the eyes of the state", instead of walking back your claim that no other use cases exist, you simply move the goalposts and attack these use cases in other ways. They're all perfectly legitimate complaints. But the fact that you have to resort to them, rather than defending your original claim, shows how weak that claim was.
- luhn 5y ago
  When someone says "use case" they mean something... useful. I think it's pretty obvious that the OP didn't mean "no one has tried anything with blockchain." I wasn't the one who made that claim anyways, so let me make one: Beyond cryptocurrency, there is no problem that blockchain solves better (simpler, cheaper, more efficient, more practical, etc.) than "traditional" organizations and technology.
lui8906 5y ago
> What's the point of a distribute ledger that can only be used within a game controlled by a centralized company? The game is made by a centralized company. The items and economy in the game are on chain. Gamers can sell their items to other gamers. Or items can be interwoven into multiple games because the items / economy share the same "backend".

wpietri 5y ago

Please consider that they have seen those things. Is there any of those that couldn't be done without a blockchain? Indeed, wouldn't have been done better without a blockchain? The "buy an artifact" thing ended up a total mess. To the extent any true distributed blockchain was used, it didn't help anything: https://www.vice.com/en/article/qjb8av/constitutiondao-aftermath-everyone-very-mad-confused-losing-lots-of-money-fighting-crying-etc https://www.vice.com/en/article/qjb8av/constitutiondao-after...

7307d55853ee6b9 5y ago

> unwilling to exert a bare minimum level of effort to research other use cases? What I'm unwilling to do is wade through the mountains of scams and get-rich-quick schemes to find novel applications of a distributed ledger. Games? Seriously? Show me a game that isn't just a vehicle for boosting the trade volume of some shitcoin. It's all dystopian tech bro capitalism to me. > There was recently a high-profile crowdfunded attempt to buy an artifact at auction. Feel free to be skeptical of all of these, but Yeah, that one where half the people who want a refund will lose a significant chunk, if not all, of their donation in fees. I find it absolutely laughable that with all of the fancy "smart contract" tech out there someone couldn't figure how to hold these donations in cryptographic escrow and return them without a huge penalty if the transaction were to fall through. It's hard to feel bad for those who put money in. It should all be automated and foolproof, and I thought that was the point.