4 ms·
Some of the "better" arguments i've seen are obsoleting/maintaining anything that is quasi public record. Think all sorts of land/legal transactions where it's
by Eji1700 4y ago
Some of the "better" arguments i've seen are obsoleting/maintaining anything that is quasi public record. Think all sorts of land/legal transactions where it's basically "once x and y and z have said yes, process transaction from x to z"
Codifying ANY logic is doable, but especially simple logic like that has it's upsides in how many middle men it can help eliminate, and the TONS of human error that comes with it.
In the examples you're giving, you could have codified "here's what happens if the supplier cannot complete the transaction" or "here's what happens if parties cannot agree on the quality of the work" or a zillion other things that already exist.
You did, however, hit on the big one, that when something goes wrong or something is misunderstood or somehow someone needs to talk to a human...well good fucking luck.
The obvious downside of all the decentralization mantra is that of course it means you're liable for your own mistakes, which is just NOT a business model that ever works. That said, the crypto space has gotten massively more centralized (because it turns out market forces still don't give a fuck about your philosophy), and I think the future of the tech lies somewhere else entirely, where end users functionally never interact with it.
- namdnay 4y ago> Some of the "better" arguments i've seen are obsoleting/maintaining anything that is quasi public record. Think all sorts of land/legal transactions where it's basically "once x and y and z have said yes, process transaction from x to z" The validity of any transaction can only be determined and guaranteed by the state, so honestly just having the state host a central database seems much easier
- josephg 4y agoI’d be quite happy seeing the state host a signed, public append only log for records like this. Basically blockchain without the mining. Anyone can subscribe, but only the state (or anyone paying a nominal fee per byte) can write. It could be used for notarising contracts, recording crop yields, declaring bankruptcies, listing property sales - you name it. Pay $1/kb and your data will be stored forever. Anyone can replicate the changes to their own computer to validate the hashes and prove the government isn’t changing anything. I think that would capture 90% of the value of a blockchain with almost none of blockchain’s downsides and it would be trivially easy to implement.
- namdnay 4y agoyup, basically Git + a PR submission system