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Hard to be more wrong in this subject. You sound exactly like David Letterman. Technical issues always get solved. All of this is misconceptions, poorly inform
by kranke155 5y ago
Hard to be more wrong in this subject. You sound exactly like David Letterman.
Technical issues always get solved. All of this is misconceptions, poorly informed takes, or poor implementations that are true today but won’t be there tomorrow.
My take on this is that HN users are tech stack obsessed.
HN users only see an inferior tech stack, but fail to understand that an inferior tech stack might have Greater Utility for the common people.
HN users earn their living by being the best at what they do and choosing the best tech stack is a part of it, which is why they don’t understand blockchain. It’s an inferior tech stack, but it beats every other stack on game theory, which is not the usual purview of the average developer. Hence they reject it as “inefficient” because they keep looking at it through the prism of tech instead of society.
For society trustless distributed systems are better, but if you keep looking at it from a tech/throughout perspective, you’ll never get it.
The trick to this is understanding the following - nobody trusts you to hold a centralised database. Stop talking about centralised databases - centralised databases did not solve the digital art problem. NFTs did. Centralised databases mean we have to trust you - the developer - and your company or business. But we don’t. Nobody does, and neither do you if you’re completely honest with yourself. How many times has a developer changed or deleted a service you needed and you had no recourse whatsoever ? How often are services “sunsetted” alongside the entire database?
Stop looking at it as a tech stack problem, and start looking at it as a trust problem. People don’t trust you to run their services, for good reason, and they would much prefer an open source, immutable, decentralised ledger than your SQL, 10 times out of 10.
- Ygg2 5y agoDid you read the article? > Technical issues always get solved. There are deeper issues with crypto than just technical. Even if it wasn't. Crypto is like every anarchistic idea implemented in reality. In essence, they are burning the wheel, only to reinvent it again. Badly.
- kranke155 5y agoI skimmed it. The amount of wrong takes in crypto is so large, you could spend your entire life doing it. Not worth it.
- Ygg2 5y agoYeah. Biggest wrong take in crypto is - we can solve societal problem with fancy algorithm.
- kranke155 5y agothat has been a common problem with tech utopians, and not one I'm personally interested in. Tech doesn't change society for the better automatically, but it can create incentives in the right direction. Are we really saying a world prior to the printing press was better? What about before freely available information online a la wikipedia? No way.
- Ygg2 5y agoWhat good incentive does crypto bring? It incentivizes black market tendency and money laundering. Also printing press didn't consume so much resources, for so little gain.
- kranke155 5y agoDecentralised records of ownership enforce data portability and user IDs (wallets) that are not controlled by any single actor. The incentives for centralised databases is to remove interop to create artificial silos and gate users from leaving your service. We’ve gotten to the point where text messaging which is trivial, has no interop. Crypto flips this on its head. If you build a service using IPFS, ENS and crypto wallets as users, your website is merely a front end for an open source decentralised service. This is not a hypothetical, recently the HicEtNunc NFT market was nuked by its lead developer. The website was open source, the artwork was hosted in IPFS and all the ownership data (NFTs) were on Tezos blockchain, so literally NOTHING was lost. The community quite simply rebuilt the front end in 24 hours or so and everything kept going. When was the last time you saw anything like that in web2? Never. It was impossible. HicEtNunc now has 10x front ends competing for the space with no clear leader. Web3 is about ownership and portability, things that centralised servers and databases incentivised their owners to lie and cheat about to make into fake moats. Here is the story - https://www.coindesk.com/tech/2021/11/18/what-hic-et-nuncs-resurrection-says-about-decentralized-infrastructure/ https://www.coindesk.com/tech/2021/11/18/what-hic-et-nuncs-r...