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There is value in blockchain tech, but not necessary in crypto currencies, nfts or fully Byzantine decentralized tech. Like for example a distributed federate

There is value in blockchain tech, but not necessary in crypto currencies, nfts or fully Byzantine decentralized tech. Like for example a distributed federate ledger is useful for checking/auditing/simplifying some federated tasks, like around supply-chain or to e.g. make it a bit more viable to interlink to game servers of the same game operated by different entities which have a real-mony related in-game economy (non of this are silver bullets, just make abuse harder). > At the same time, the amount of coverage and attention it is getting and for a sustained period makes me believe I am missing something. What you are missing is people gaining money through high risk investments, pyramid schemes. As well as rich people which hope this tech allows them to further avoid state control and taxes. I also have seen a bunch of times that some problems the US has are believed by tech, especially crypto people to be fundamental problems which need tech to be solved, while they pretty clearly are 100% fault of bad politics. Like personal banking in the US is crazy bad (for anyone not wealthy) that some very poor very unstable countries do a better job. I was competently shocked when I realized that in the US it's not the norm for poor people to have a bank accounts and neither is it trivial to safely send money between two private bank accounts in a not too long amount of time. If you either don't want to accept that such problems are caused by politics or accept it but don't think it can't be changed it's not hard to see crypto currencies as a good idea. Also crypto can be good to avoid government control, in a stable countries this is quite often related to crime but if you life idk. in a autocratic country while still being crime technical it might be ethically "good" from a western point of view. Like sending money into an embargoed country for you family to live from is still technically circumventing an (lets assume for a moment) reasonable embargo, but is ethically ok because you help your family to survive.

moron4hire 5y ago
> game servers of the same game operated by different entities which have a real-mony related in-game economy Are you thinking like poker and other traditional card games of chance and skill? I would think the only way a distributed, multi-entity-operated game would work is if the game had very well-established, static rules, with little to no chance of any changes to the rules occurring. That's one of the major problems I see with NFTs for game assets. Games are ever evolving systems as issues of balance need to be tested and worked out. The higher the stakes (i.e. me competitive, more it involves real money), the more necessary it becomes that the games rules not be unfairly exploitable. A game like poker has the benefit of have ~150 - 200 years of play testing applied to it. Also, nobody owns the game of poker. There are no licensing agreements to negotiate, no standards bodies purchase specifications from, no gate keeper. Anyone can make their own poker implementation and nobody can say a thing about it. That is, except your local government. In the US, poker is treated differently than other gambling games, as it's considered a game of skill versus chance. But it's still regulated, just not as regulated as games of chance. So while the whole, global, CryptoPokerStars or whatever network couldn't be shut down, individual entities need to operate somewhere, and users need this entities to operate in jurisdictions they can trust to regulate the entities and make sure they aren't building in back doors and cheats like pocket card x-ray vision for company employees.
- dathinab 5y ago
  > Are you thinking like poker and other traditional card games of chance and skill? More like MMORPGs and similar which have a show allowing players to trade, where the "different entities" are also _legally bound by contract to keep to rules_ set by the game publisher and the ledger is mainly about auditing, automated anomaly detection etc. I.e. not NFTs at all. It also doesn't prevent cheating, just makes it manageable for the publisher. I don't see a use-case for (crypto currency based) NFTs in gaming tbh. You could put them in, but whatever you do has simpler cheaper solutions (which still might use some of the tech NFTs also use). Like most relevant you probably don't want the "crypto currency based" part. To much loss of control and/or legal liabilities. For things like poker and online gambling there is no point in adding additional complexity to the system for IMHO no relevant benefit. There is also generally no point to add federation. Online casinos work (technically) quite-well with boring classical web technology. (IMHO too well, I'm not a fan of online gambling). I guess using some form of federated or state controlled Leger you force online casinos to log all gambles on, for auditing them/undermining tax evasion/preventing money laundering could maybe work. But again while this uses crypto currency/NFT related tech it's not quite the same. But companies which focus on the tech behind the scene can likely provide whatever is needed.

moron4hire 5y ago

> game servers of the same game operated by different entities which have a real-mony related in-game economy Are you thinking like poker and other traditional card games of chance and skill? I would think the only way a distributed, multi-entity-operated game would work is if the game had very well-established, static rules, with little to no chance of any changes to the rules occurring. That's one of the major problems I see with NFTs for game assets. Games are ever evolving systems as issues of balance need to be tested and worked out. The higher the stakes (i.e. me competitive, more it involves real money), the more necessary it becomes that the games rules not be unfairly exploitable. A game like poker has the benefit of have ~150 - 200 years of play testing applied to it. Also, nobody owns the game of poker. There are no licensing agreements to negotiate, no standards bodies purchase specifications from, no gate keeper. Anyone can make their own poker implementation and nobody can say a thing about it. That is, except your local government. In the US, poker is treated differently than other gambling games, as it's considered a game of skill versus chance. But it's still regulated, just not as regulated as games of chance. So while the whole, global, CryptoPokerStars or whatever network couldn't be shut down, individual entities need to operate somewhere, and users need this entities to operate in jurisdictions they can trust to regulate the entities and make sure they aren't building in back doors and cheats like pocket card x-ray vision for company employees.

dathinab 5y ago
> Are you thinking like poker and other traditional card games of chance and skill? More like MMORPGs and similar which have a show allowing players to trade, where the "different entities" are also _legally bound by contract to keep to rules_ set by the game publisher and the ledger is mainly about auditing, automated anomaly detection etc. I.e. not NFTs at all. It also doesn't prevent cheating, just makes it manageable for the publisher. I don't see a use-case for (crypto currency based) NFTs in gaming tbh. You could put them in, but whatever you do has simpler cheaper solutions (which still might use some of the tech NFTs also use). Like most relevant you probably don't want the "crypto currency based" part. To much loss of control and/or legal liabilities. For things like poker and online gambling there is no point in adding additional complexity to the system for IMHO no relevant benefit. There is also generally no point to add federation. Online casinos work (technically) quite-well with boring classical web technology. (IMHO too well, I'm not a fan of online gambling). I guess using some form of federated or state controlled Leger you force online casinos to log all gambles on, for auditing them/undermining tax evasion/preventing money laundering could maybe work. But again while this uses crypto currency/NFT related tech it's not quite the same. But companies which focus on the tech behind the scene can likely provide whatever is needed.