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What real life use case - that resonates with regular people - would this solve? Isn’t Blockchain just a convoluted solution to a problem nobody has? (Which i

What real life use case - that resonates with regular people - would this solve? Isn’t Blockchain just a convoluted solution to a problem nobody has? (Which is the conclusion of the article)

oblio 4y ago
> What real life use case - that resonates with regular people - would this solve? The problem that some people really, really hate authority, and frankly, really hate other people, and would like a magical machine to do away with all that messiness. So they put a million barriers between themselves and that messiness and hope it all works out in the end. It's like a sort of niche religion. After the first believers announced their faith, a much, much larger group of grifters realized that they could shout: "FREEDOM! PROFIT! FREEDOM! PROFIT!" and make a ton of money. Like a real religion, basically, just read up about incense and Christianity to see the real believer versus grifter dichotomy happen in another case. Anyway, so here we are now :-)
- robertlagrant 4y ago
  Assuming people who think differently to you must be mostly motivated by hatred works well for a Taylor Swift song, but it's just about the worst way to think of other perspectives and ideas.
  - oblio 4y ago
    Replace hate with "are mildly inconvenienced by", if it makes you feel better :-) It doesn't change the fact that the whole idea here is to replace human judgment with algorithms, with little thought into how the technology will actually be used by humans. Trick question. Let's say I'm not tech savvy. I can barely use my iPhone, I'm frequently confused by Instagram UI updates. > Bitcoin > Initial release 0.1.0 / 9 January 2009 (13 years ago) How can I buy Bitcoin, sell it, use it to buy things with it, 13 years after the fact, in a decentralized fashion, just as Satoshi Nakamoto-sama originally intended?
    - robertlagrant 4y ago
      > if it makes you feel better Just to be completely clear, it's not about how I'm feeling, just as people disagreeing with you not meaning they feel hatred.
      - oblio 4y ago
        This is an internet forum, I'm just commenting, I reserve my right to make over the top comments loaded with scandalous language :-)
- louwrentius 4y ago
  Oh that’s totally what I observe. Crypto really incentivizes terrible, predatory behavior. A lot of scamming or other criminal behavior. But that’s not the kind of use case I’m looking for. Obviously I want something beneficial and legal. I don’t believe there is any.
  - rswail 4y ago
    So does any form of "money". The only reason crypto is incentivizing it is because the law hasn't caught up with regulating it.
rswail 4y ago
Title conveyancing. When purchasing a property, there is a dance between the seller and the purchaser (and intermediaries) that effectively perform the necessary transactions to: a) ensure the seller gets paid b) ensure the purchaser gets the property c) ensure that the record of ownership of the property is correctly updated. This all has to be done simultaneously and atomically. Moving the records of ownership (ie "title") to the blockchain and then having the appropriate contracts/transactions to ensure the points above solve the conveyancing problems. But, given that for the most part, the title that declares ownership is essentially a legal document, and that legal documents only have power because of the laws that are enforced, there's no advantage to blockchain that can't be also solved by a central trust registry that maintains the records.

What real life use case - that resonates with regular people - would this solve? Isn’t Blockchain just a convoluted solution to a problem nobody has? (Which is the conclusion of the article)

oblio 4y ago

> What real life use case - that resonates with regular people - would this solve? The problem that some people really, really hate authority, and frankly, really hate other people, and would like a magical machine to do away with all that messiness. So they put a million barriers between themselves and that messiness and hope it all works out in the end. It's like a sort of niche religion. After the first believers announced their faith, a much, much larger group of grifters realized that they could shout: "FREEDOM! PROFIT! FREEDOM! PROFIT!" and make a ton of money. Like a real religion, basically, just read up about incense and Christianity to see the real believer versus grifter dichotomy happen in another case. Anyway, so here we are now :-)

robertlagrant 4y ago
Assuming people who think differently to you must be mostly motivated by hatred works well for a Taylor Swift song, but it's just about the worst way to think of other perspectives and ideas.
- oblio 4y ago
  Replace hate with "are mildly inconvenienced by", if it makes you feel better :-) It doesn't change the fact that the whole idea here is to replace human judgment with algorithms, with little thought into how the technology will actually be used by humans. Trick question. Let's say I'm not tech savvy. I can barely use my iPhone, I'm frequently confused by Instagram UI updates. > Bitcoin > Initial release 0.1.0 / 9 January 2009 (13 years ago) How can I buy Bitcoin, sell it, use it to buy things with it, 13 years after the fact, in a decentralized fashion, just as Satoshi Nakamoto-sama originally intended?
  - robertlagrant 4y ago
    > if it makes you feel better Just to be completely clear, it's not about how I'm feeling, just as people disagreeing with you not meaning they feel hatred.
    - oblio 4y ago
      This is an internet forum, I'm just commenting, I reserve my right to make over the top comments loaded with scandalous language :-)
louwrentius 4y ago
Oh that’s totally what I observe. Crypto really incentivizes terrible, predatory behavior. A lot of scamming or other criminal behavior. But that’s not the kind of use case I’m looking for. Obviously I want something beneficial and legal. I don’t believe there is any.
- rswail 4y ago
  So does any form of "money". The only reason crypto is incentivizing it is because the law hasn't caught up with regulating it.

rswail 4y ago

Title conveyancing. When purchasing a property, there is a dance between the seller and the purchaser (and intermediaries) that effectively perform the necessary transactions to: a) ensure the seller gets paid b) ensure the purchaser gets the property c) ensure that the record of ownership of the property is correctly updated. This all has to be done simultaneously and atomically. Moving the records of ownership (ie "title") to the blockchain and then having the appropriate contracts/transactions to ensure the points above solve the conveyancing problems. But, given that for the most part, the title that declares ownership is essentially a legal document, and that legal documents only have power because of the laws that are enforced, there's no advantage to blockchain that can't be also solved by a central trust registry that maintains the records.