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> Blockchains are good when there's a lack of trust and decentralization is absolutely necessary. There are very few problems that actually need a blockchain.
by lunch 5y ago
> Blockchains are good when there's a lack of trust and decentralization is absolutely necessary. There are very few problems that actually need a blockchain.
How about the current status quo of the Internet? Do you think being mined, sold, and endlessly tracked is OK?
- xmprt 5y agoNo. But you don't need blockchain to solve that. Things like BitTorrent work perfectly fine without the needless blockchain element.
- lunch 5y agoBitTorrent is wonderful for sharing information, but it's not really a platform to build on. Something like Ethereum on the other hand is literally a decentralized computer that no single entity controls. The blockchain part enables this.
- cuteboy19 5y agoa "decentralized"[0] ""computer"" which is less powerful than a 9 year old rasberry pi. is this not the definition of hype? [0]: https://thenextweb.com/news/ethereum-nodes-cloud-services-amazon-web-services-blockchain-hosted-decentralization https://thenextweb.com/news/ethereum-nodes-cloud-services-am....
- kelnos 5y agoIt's not, but blockchains don't magically fix that. And the "web3" stuff built so far is still pretty centralized and could include that same tracking if the incumbents so chose.
- lunch 5y agoOf course a blockchain doesn't magically fix anything, it's a distributed log. But a decentralized distributed log is a great building block for something that isn't owned by FAANG.
- kelnos 5y agoRight... and based on the second half of my comment, I don't believe anyone has actually successfully done the second half of your comment.
- bbddg 5y agoI don't want to be tracked so I'm going to put everything in a public ledger.