4 ms·

Smart contracts, DAOs, payments, self-sovereign identity, tokenization of real world assets, a few security use-cases, operating markets for prediction and asse

Smart contracts, DAOs, payments, self-sovereign identity, tokenization of real world assets, a few security use-cases, operating markets for prediction and asset-trade outside the control of external authorities (libertarian wet dream stuff), insurance and legal arbitration outside of the control of external authorities (more wet dreaming, but it’s happening), supply chain / provenance of assets… All of these could probably be done using a database, but it’s more about the trust aspect than the mechanics of storing data. Crypto will succeed because the rich among us want it to. Crypto will succeed because the corrupt among us want it to. Crypto will succeed because the libertarians among us want it to. Crypto will succeed because it makes exit a reality. How big of a success will it be? We’ll see.

woodruffw 4y ago
I'm not aware of any serious supply chain or asset provenance efforts that rely on cryptocurrencies or DeFi. Lots of serious work uses Merkle constructions, but it would be a remarkable distortion to spin something like Certificate Transparency as a form of DeFi.
- WFHRenaissance 4y ago
  I’m aware of a use case where person/asset location is being determined using a distributively owned set of radio transmitters so that proof-of-location can be established without use of GPS. Plenty of supply chain use cases already exist using private chains/ledgers — this will skew more toward public chains or hybrid solutions as demands for transparency amp up.
  - woodruffw 4y ago
    > I’m aware of a use case where person/asset location is being determined using a distributively owned set of radio transmitters so that proof-of-location can be established without use of GPS. ...why?
    - WFHRenaissance 4y ago
      GPS is spoofable… you’re a security guy, you should know this :p
      - woodruffw 4y ago
        Yes, I am. I'm not aware of a threat model in which you can't trust the frequencies GPS is on but you can trust the frequencies that the FCC allows personal radio transmissions to be on. Seems like a lot of added complexity (and, notably, no legal recourse) for essentially the same failure mode.
        WFHRenaissance 4y ago
        https://www.wired.com/story/spoof-jam-destroy-why-we-need-a-backup-for-gps https://www.wired.com/story/spoof-jam-destroy-why-we-need-a-...
        woodruffw 4y ago
        Yes, GPS is not particularly secure. But I don't think that addresses the threat model above. (In general, jamming is always a possibility with anything wireless. That is just not going to change. What might change is spoof resistance, which can be accomplished with schemes that are a lot simpler than anything DeFi can conjure. There's a decent amount of work on related schemes in the vehicle-to-vehicle communication space.)
alexb_ 4y ago
>Crypto will succeed because the rich...corrupt...liberarians want it to Just because you want something to happen doesn't mean it will. Especially when you have to assume that we live in some fantasy world where nobody can be trusted and everything has to be done outside the influence of government (i.e. illegally) so we have to use a decentralized append-only database where nothing can be reversed because while you can trust nobody you also can trust people to not do decisions which need to be reversed. >Crypto will succeed because it makes exit a reality What does this even mean? >Smart contracts, DAOs, payments, self-sovereign identity, tokenization of real world assets, a few security use-cases these are all buzzwords or further tech that actually needs explaining as to what it's useful for (hint: it's nothing)
- WFHRenaissance 4y ago
  All of my stated use-cases are already in use. Society will evolve towards being trustless as the moneyed-class pursue sovereign citizenship and shop for preferential territory on a global scale. They will need a secure way to trustlessly store and exchange funds. Cryptocurrency literally exists nearly entirely for this reason. Ignore the stupid coins.
  - kelseyfrog 4y ago
    Have you considered writing in the horror genre? You have a knack for it.
    - WFHRenaissance 4y ago
      I’m actually a well-known author and this is a pseudonym. This really isn’t that crazy of an idea though. Read “The Sovereign Individual” by Davidson & Mogg. Written in 1999/2000.
      - kelseyfrog 4y ago
        Thanks for the recommendation. Having skimmed the book, yes, it would be fantastic to give the material the same treatment Paul Verhoeven gave to Starship Troopers specifically in its reappraised interpretation.
poindi1 4y ago
Aren't those use cases mentioned for blockchain not crypto which seem the original article seem to be about The so called rich people are trying to get more rich by investing in dog coin, cat coin and other crazy stuff instead of using the brains for greater good of humanity like CRISPR etc Beyond issues of PoW and energy consumption, the bigger crime is the brain cycles wasted getting rich trying to find the next shitty coin and chest thumping that they are rich. I know it can be hard for even the most equanimous individual but See crypto rich as a lottery which was earned without much hardwork. only thump your chest when it is put to use for greater good

woodruffw 4y ago

I'm not aware of any serious supply chain or asset provenance efforts that rely on cryptocurrencies or DeFi. Lots of serious work uses Merkle constructions, but it would be a remarkable distortion to spin something like Certificate Transparency as a form of DeFi.

WFHRenaissance 4y ago
I’m aware of a use case where person/asset location is being determined using a distributively owned set of radio transmitters so that proof-of-location can be established without use of GPS. Plenty of supply chain use cases already exist using private chains/ledgers — this will skew more toward public chains or hybrid solutions as demands for transparency amp up.
- woodruffw 4y ago
  > I’m aware of a use case where person/asset location is being determined using a distributively owned set of radio transmitters so that proof-of-location can be established without use of GPS. ...why?
  - WFHRenaissance 4y ago
    GPS is spoofable… you’re a security guy, you should know this :p
    - woodruffw 4y ago
      Yes, I am. I'm not aware of a threat model in which you can't trust the frequencies GPS is on but you can trust the frequencies that the FCC allows personal radio transmissions to be on. Seems like a lot of added complexity (and, notably, no legal recourse) for essentially the same failure mode.
      - WFHRenaissance 4y ago
        https://www.wired.com/story/spoof-jam-destroy-why-we-need-a-backup-for-gps https://www.wired.com/story/spoof-jam-destroy-why-we-need-a-...
        woodruffw 4y ago
        Yes, GPS is not particularly secure. But I don't think that addresses the threat model above. (In general, jamming is always a possibility with anything wireless. That is just not going to change. What might change is spoof resistance, which can be accomplished with schemes that are a lot simpler than anything DeFi can conjure. There's a decent amount of work on related schemes in the vehicle-to-vehicle communication space.)

alexb_ 4y ago

>Crypto will succeed because the rich...corrupt...liberarians want it to Just because you want something to happen doesn't mean it will. Especially when you have to assume that we live in some fantasy world where nobody can be trusted and everything has to be done outside the influence of government (i.e. illegally) so we have to use a decentralized append-only database where nothing can be reversed because while you can trust nobody you also can trust people to not do decisions which need to be reversed. >Crypto will succeed because it makes exit a reality What does this even mean? >Smart contracts, DAOs, payments, self-sovereign identity, tokenization of real world assets, a few security use-cases these are all buzzwords or further tech that actually needs explaining as to what it's useful for (hint: it's nothing)

WFHRenaissance 4y ago
All of my stated use-cases are already in use. Society will evolve towards being trustless as the moneyed-class pursue sovereign citizenship and shop for preferential territory on a global scale. They will need a secure way to trustlessly store and exchange funds. Cryptocurrency literally exists nearly entirely for this reason. Ignore the stupid coins.
- kelseyfrog 4y ago
  Have you considered writing in the horror genre? You have a knack for it.
  - WFHRenaissance 4y ago
    I’m actually a well-known author and this is a pseudonym. This really isn’t that crazy of an idea though. Read “The Sovereign Individual” by Davidson & Mogg. Written in 1999/2000.
    - kelseyfrog 4y ago
      Thanks for the recommendation. Having skimmed the book, yes, it would be fantastic to give the material the same treatment Paul Verhoeven gave to Starship Troopers specifically in its reappraised interpretation.

poindi1 4y ago

Aren't those use cases mentioned for blockchain not crypto which seem the original article seem to be about The so called rich people are trying to get more rich by investing in dog coin, cat coin and other crazy stuff instead of using the brains for greater good of humanity like CRISPR etc Beyond issues of PoW and energy consumption, the bigger crime is the brain cycles wasted getting rich trying to find the next shitty coin and chest thumping that they are rich. I know it can be hard for even the most equanimous individual but See crypto rich as a lottery which was earned without much hardwork. only thump your chest when it is put to use for greater good