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> A winery could sell ownership of wine stored or wine yet to be made. Ah. You mean "a centralized entity creates a centralized way of providing and verifying

> A winery could sell ownership of wine stored or wine yet to be made. Ah. You mean "a centralized entity creates a centralized way of providing and verifying ownership of wine"? 1. How does blockchain factor into this? 2. As always, descriptions like this betray how little crypto-peddlers know about real world. Buying future wine has been a thing as long as there has been wine https://www.winespectator.com/articles/buying-futures-3495 https://www.winespectator.com/articles/buying-futures-3495

darkFunction 5y ago
That's great! Hey look I would like to send you the rights to my crate of wine. You're the 1000th customer to my site. Or maybe you want to trade it for your in-game weapon. Or I just like you and it's a gift, anonymous internet user. Of course I could just transfer directly to your Ethereum wallet. But why do that when I could explain you need to sign up to 'winespectator.com', I'll email them to arrange the ownership transfer, and if you're trading that weapon let's both sign up for a pre-agreed escrow service online and pay them a commission to arbitrage. How many forms do we need to fill in, and who is processing that data? I currently own my crate anonymously- only the person who eventually burns the token will need to provide details to the company for delivery. As always, descriptions like this betray how little engine-peddlers know about horse breeding. Managing a stable has been a thing as long as there's been horses.
- dmitriid 5y ago
  > Hey look I would like to send you the rights to my crate of wine. You truly believe this can't be done without blockchain? > You're the 1000th customer to my site. You truly believe you can't track customers without blockchain? > Or maybe you want to trade me for that in-game weapon. You truly believe it's impossible to implement in-game trading without blockchain? > Of course I could just transfer directly to your Ethereum wallet. The only thing you could transfer is some meaningless numbers. What makes them meaningful is some central, trusted authority that will accept these numbers as proof of something. But then, since you depend on that authority to verify this... you don't need blockchain.
  - koonsolo 5y ago
    You can do all those things without a blockchain. It's just more practical using a blockchain. I used to survive without a cellphone. It wasn't hard. You just called your friends when you and they were at home.
    - lottin 5y ago
      > It's just more practical using a blockchain. The popularity of centralised exchanges vis-a-vis blockchain wallets suggests the opposite is true.
      - koonsolo 5y ago
        Here lies the problem: you live in the present, I live in the future. And right now, I don't see any reason why that can't be fixed in the future.
        lottin 5y ago
        You said blockchains are more practical, in the present tense. The evidence strongly suggests that's not true. And there are plenty of reasons to think they will continue to be impractical in the future.
        koonsolo 5y ago
        There is also no central winery exchange system.
    - dmitriid 5y ago
      > It's just more practical using a blockchain. In which shape, way, or form is it more practical with a blockchain?
      - rgallagher27 5y ago
        Are you saying it's not more practical for me to pay $100 for a bottle of wine that will be made sometime in the future plus $60 in transition fees!?

darkFunction 5y ago

That's great! Hey look I would like to send you the rights to my crate of wine. You're the 1000th customer to my site. Or maybe you want to trade it for your in-game weapon. Or I just like you and it's a gift, anonymous internet user. Of course I could just transfer directly to your Ethereum wallet. But why do that when I could explain you need to sign up to 'winespectator.com', I'll email them to arrange the ownership transfer, and if you're trading that weapon let's both sign up for a pre-agreed escrow service online and pay them a commission to arbitrage. How many forms do we need to fill in, and who is processing that data? I currently own my crate anonymously- only the person who eventually burns the token will need to provide details to the company for delivery. As always, descriptions like this betray how little engine-peddlers know about horse breeding. Managing a stable has been a thing as long as there's been horses.

dmitriid 5y ago
> Hey look I would like to send you the rights to my crate of wine. You truly believe this can't be done without blockchain? > You're the 1000th customer to my site. You truly believe you can't track customers without blockchain? > Or maybe you want to trade me for that in-game weapon. You truly believe it's impossible to implement in-game trading without blockchain? > Of course I could just transfer directly to your Ethereum wallet. The only thing you could transfer is some meaningless numbers. What makes them meaningful is some central, trusted authority that will accept these numbers as proof of something. But then, since you depend on that authority to verify this... you don't need blockchain.
- koonsolo 5y ago
  You can do all those things without a blockchain. It's just more practical using a blockchain. I used to survive without a cellphone. It wasn't hard. You just called your friends when you and they were at home.
  - lottin 5y ago
    > It's just more practical using a blockchain. The popularity of centralised exchanges vis-a-vis blockchain wallets suggests the opposite is true.
    - koonsolo 5y ago
      Here lies the problem: you live in the present, I live in the future. And right now, I don't see any reason why that can't be fixed in the future.
      - lottin 5y ago
        You said blockchains are more practical, in the present tense. The evidence strongly suggests that's not true. And there are plenty of reasons to think they will continue to be impractical in the future.
        koonsolo 5y ago
        There is also no central winery exchange system.
  - dmitriid 5y ago
    > It's just more practical using a blockchain. In which shape, way, or form is it more practical with a blockchain?
    - rgallagher27 5y ago
      Are you saying it's not more practical for me to pay $100 for a bottle of wine that will be made sometime in the future plus $60 in transition fees!?