4 ms·

Blockchain tech isn't 14 years old, it's 30 years old, or even 40 if you want to go back to the '82 paper. Still no world-changing tech has come from it, aside

by burnte 3y ago

Blockchain tech isn't 14 years old, it's 30 years old, or even 40 if you want to go back to the '82 paper. Still no world-changing tech has come from it, aside from monopoly money.

palmfacehn 3y ago
Sounds like the wrong monopoly's Monopoly money. I find it ironic that challenges to the state's monopoly on currency issuance are described as "Monopoly money". Also funny to observe that Binance is reacting to the regulatory moats created to preserve the state's monopoly. Say what you will about the grift and VC backed pump 'n dump schemes. There's no disputing that. The controversy will be around central banks, the legitimacy thereof and Cantillon effects which result in much of the same via similar means.
Aunche 3y ago
The blockchain as described in 1982 is a perfectly good niche data structure. Maybe it's not "world-changing," but it's useful enough for our team to use it at work.
- ghaff 3y ago
  Private blockchain implementations exist--including fairly large ones. But it's fair to say that it hasn't had the impact a lot of people thought it would.
garba_dlm 3y ago
> Blockchain tech isn't 14 years old, it's 30 years old, or even 40 if you want to go back to the '82 paper. Still no world-changing tech has come from it, aside from monopoly money. that's like saying that submarines were invented when Jules Verne wrote about them (i.e. you're wrong) blockchain technology requires the internet, hence it cannot be older than the internet
- burnte 3y ago
  The internet started in the 60s. Even if blockchain needed the internet (it doesn't) the internet was absolutely around in 1982. Even TCP/IP was being used in 1982, becoming the standard across the entire net Jan 1, 1983.
- lyjia 3y ago
  What? No it doesn't. I can download the text from each comment here to put it offline and in a blockchain. All blockchain is is a datastructure, nothing more.
  - EVa5I7bHFq9mnYK 3y ago
    No, blockchain is a protocol allowing to insert data into that data structure in a decentralized and secure way. Do you know what "block" in blockchain is for? It is there solely for more efficient application of proof of work algorithm. If you appended each transaction to the chain individually, there would be a lot of reorganizations, unneeded network traffic and wasted energy, hence the "block" that clamps thousands of transactions together.
- deleted 3y ago
  [deleted]
- mrguyorama 3y ago
  The internet existed in the 80s. How old are you?
  - garba_dlm 3y ago
    the internet is a global network, but I suppose the telegraphs really is that old
    - burnte 3y ago
      Again, the internet goes back to the 60s. But yes, telegraphy was global a century ago.
Eggpants 3y ago
Blockchain the data structure is what Git is based on. However, it’s hashing function is optimized for speed/min collisions.

by burnte 3y ago

Blockchain tech isn't 14 years old, it's 30 years old, or even 40 if you want to go back to the '82 paper. Still no world-changing tech has come from it, aside from monopoly money.

palmfacehn 3y ago

Sounds like the wrong monopoly's Monopoly money. I find it ironic that challenges to the state's monopoly on currency issuance are described as "Monopoly money". Also funny to observe that Binance is reacting to the regulatory moats created to preserve the state's monopoly. Say what you will about the grift and VC backed pump 'n dump schemes. There's no disputing that. The controversy will be around central banks, the legitimacy thereof and Cantillon effects which result in much of the same via similar means.

Aunche 3y ago

The blockchain as described in 1982 is a perfectly good niche data structure. Maybe it's not "world-changing," but it's useful enough for our team to use it at work.

ghaff 3y ago
Private blockchain implementations exist--including fairly large ones. But it's fair to say that it hasn't had the impact a lot of people thought it would.

garba_dlm 3y ago

> Blockchain tech isn't 14 years old, it's 30 years old, or even 40 if you want to go back to the '82 paper. Still no world-changing tech has come from it, aside from monopoly money. that's like saying that submarines were invented when Jules Verne wrote about them (i.e. you're wrong) blockchain technology requires the internet, hence it cannot be older than the internet

burnte 3y ago
The internet started in the 60s. Even if blockchain needed the internet (it doesn't) the internet was absolutely around in 1982. Even TCP/IP was being used in 1982, becoming the standard across the entire net Jan 1, 1983.
lyjia 3y ago
What? No it doesn't. I can download the text from each comment here to put it offline and in a blockchain. All blockchain is is a datastructure, nothing more.
- EVa5I7bHFq9mnYK 3y ago
  No, blockchain is a protocol allowing to insert data into that data structure in a decentralized and secure way. Do you know what "block" in blockchain is for? It is there solely for more efficient application of proof of work algorithm. If you appended each transaction to the chain individually, there would be a lot of reorganizations, unneeded network traffic and wasted energy, hence the "block" that clamps thousands of transactions together.
deleted 3y ago
[deleted]
mrguyorama 3y ago
The internet existed in the 80s. How old are you?
- garba_dlm 3y ago
  the internet is a global network, but I suppose the telegraphs really is that old
  - burnte 3y ago
    Again, the internet goes back to the 60s. But yes, telegraphy was global a century ago.

Eggpants 3y ago

Blockchain the data structure is what Git is based on. However, it’s hashing function is optimized for speed/min collisions.