5 ms·

Turns out we govern small scale institutions pretty well without blockchain. Eg: companies, collectives, organisations, associations, etc.

madsbuch 4y ago
Maybe, we will see. This is the beautiful thing about technology – time will tell, not opinions.
- HermanMartinus 4y ago
  It's not an opinion. We have millions of the aforementioned organisations currently and historically. They do work. We, however, don't have a single example of a DAO that has done anything of merit. Yes, time will tell if they find a way to make it work, but the fact of the matter is that they aren't needed.
  - madsbuch 4y ago
    Of cause your wording represents an opinion. You say there is no room for improvement on current small scale institutions by using blockchain technologies. I will leave that opinion to you. It took several decades from the first steam engines til we had a serious contender to previous means of transportation on a horse back. So the empiric foundations you refer to are not representative. Have a good day.
    - Eisenstein 4y ago
      Steam engines were not designed to supplant horses as transportation, they were designed to supplant horses for work. In that regard there was effectively no lag time between their invention and their usefulness. What is it with people defending crypto with terrible metaphors?
      - madsbuch 4y ago
        > What is it with people defending crypto with terrible metaphors? Why do you feel the need for this type of attack?
        Eisenstein 4y ago
        It is frustrating that many times when someone asks a question about crypto instead of an answer there is a comparison to something else that is irrelevant using a metaphor based on a misconception.
        madsbuch 4y ago
        I understand, and hope we can keep the conversation sober going forward. To answer your questions without any use of metaphors: I do not know whether Crypto is a good or a bad idea. I am merely trying not to be presumptive about it. The horse metaphor is an attempt to lead some attention to the fact that we several times in the history have seen long adaptation time for certain technologies we benefit from on large scale.
    - pavlov 4y ago
      HermanMartinus is stating facts: there are already millions of organizations productively managing assets, and blockchain governance structures haven't made any kind of concrete contribution so far. You're stating an opinion that it's like a steam engine, which doesn't really mean anything in this context.
      - madsbuch 4y ago
        I do not know whether Crypto is a good or a bad idea. I am merely trying not to be presumptive about it. The horse metaphor is an attempt to lead some attention to the fact that we several times in the history have seen long adaptation time for certain technologies we benefit from on large scale.
ekianjo 4y ago
"Pretty well" is your description of this total mess of a financial system that crashes like a clock every ten years? You forgot the /s at the end of your comment
- Nursie 4y ago
  Really? The great crash of 08 was a thing, but IIRC 2018 wasn't a crash year. Pretty bad clock.

madsbuch 4y ago

Maybe, we will see. This is the beautiful thing about technology – time will tell, not opinions.

HermanMartinus 4y ago
It's not an opinion. We have millions of the aforementioned organisations currently and historically. They do work. We, however, don't have a single example of a DAO that has done anything of merit. Yes, time will tell if they find a way to make it work, but the fact of the matter is that they aren't needed.
- madsbuch 4y ago
  Of cause your wording represents an opinion. You say there is no room for improvement on current small scale institutions by using blockchain technologies. I will leave that opinion to you. It took several decades from the first steam engines til we had a serious contender to previous means of transportation on a horse back. So the empiric foundations you refer to are not representative. Have a good day.
  - Eisenstein 4y ago
    Steam engines were not designed to supplant horses as transportation, they were designed to supplant horses for work. In that regard there was effectively no lag time between their invention and their usefulness. What is it with people defending crypto with terrible metaphors?
    - madsbuch 4y ago
      > What is it with people defending crypto with terrible metaphors? Why do you feel the need for this type of attack?
      - Eisenstein 4y ago
        It is frustrating that many times when someone asks a question about crypto instead of an answer there is a comparison to something else that is irrelevant using a metaphor based on a misconception.
        madsbuch 4y ago
        I understand, and hope we can keep the conversation sober going forward. To answer your questions without any use of metaphors: I do not know whether Crypto is a good or a bad idea. I am merely trying not to be presumptive about it. The horse metaphor is an attempt to lead some attention to the fact that we several times in the history have seen long adaptation time for certain technologies we benefit from on large scale.
  - pavlov 4y ago
    HermanMartinus is stating facts: there are already millions of organizations productively managing assets, and blockchain governance structures haven't made any kind of concrete contribution so far. You're stating an opinion that it's like a steam engine, which doesn't really mean anything in this context.
    - madsbuch 4y ago
      I do not know whether Crypto is a good or a bad idea. I am merely trying not to be presumptive about it. The horse metaphor is an attempt to lead some attention to the fact that we several times in the history have seen long adaptation time for certain technologies we benefit from on large scale.

ekianjo 4y ago

"Pretty well" is your description of this total mess of a financial system that crashes like a clock every ten years? You forgot the /s at the end of your comment

Nursie 4y ago
Really? The great crash of 08 was a thing, but IIRC 2018 wasn't a crash year. Pretty bad clock.