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Block lattice is IMO far too unwieldy to use, and is useless for decentralization unless the system you're making payments on is actually yours, meaning you can

by yunwal 3y ago

Block lattice is IMO far too unwieldy to use, and is useless for decentralization unless the system you're making payments on is actually yours, meaning you can't use it for real-world payments. Also, still nothing solves the oracle problem. Any form of crypto does nothing for any transaction that doesn't purely take place in digital space. This really is never the case, even when people claim it is. People always use the "NFTs could be used for concert tickets" example, but when it comes down to it, the venue still has to physically let you in. Same with DNS. Sure, you could have a record put on a blockchain, but somewhere down the road, you're gonna have to be routed through a DNS server owned by someone, and the decision to use a decentralized record is purely theirs. At some point, there's some centralized entity that needs to be trusted or regulated. As long as the thing being bought/sold with crypto can't be decentralized (nearly everything), you're still kicking the centralization can down the road, and spending a whole bunch of time and energy doing it.

mandmandam 3y ago
> Block lattice is IMO far too unwieldy to use ... It involves scanning a QR code and clicking confirm. It's faster and easier than using a credit card, and uses a tenth of the energy. > is useless for decentralization unless the system you're making payments on is actually yours No idea where you got that idea, but it's very silly. You've missed the first principles of cyrpto payments somehow. > still nothing solves the oracle problem And cash does? Did Nano claim to solve it? Did I? >you're still kicking the centralization can down the road I don't think you understand what 'decentralization' means in the context of crypto. I'm a little curious why you feel qualified to talk authoritatively about this topic?
- yunwal 3y ago
  > It involves scanning a QR code and clicking confirm > No idea where you got that idea… Block lattice relies on private ledgers owned by the 2 parties of a transaction. It then consolidates those ledgers which is how it saves energy. If you’re giving someone else access to change that ledger, it’s no more decentralized than cash. > And cash does? Cash doesn’t, but it also doesn’t claim to provide decentralization or enforce contracts without state involvement. The entire purpose of crypto is to remove state involvement from contracts, which it fails to do.

by yunwal 3y ago

mandmandam 3y ago

> Block lattice is IMO far too unwieldy to use ... It involves scanning a QR code and clicking confirm. It's faster and easier than using a credit card, and uses a tenth of the energy. > is useless for decentralization unless the system you're making payments on is actually yours No idea where you got that idea, but it's very silly. You've missed the first principles of cyrpto payments somehow. > still nothing solves the oracle problem And cash does? Did Nano claim to solve it? Did I? >you're still kicking the centralization can down the road I don't think you understand what 'decentralization' means in the context of crypto. I'm a little curious why you feel qualified to talk authoritatively about this topic?

yunwal 3y ago
> It involves scanning a QR code and clicking confirm > No idea where you got that idea… Block lattice relies on private ledgers owned by the 2 parties of a transaction. It then consolidates those ledgers which is how it saves energy. If you’re giving someone else access to change that ledger, it’s no more decentralized than cash. > And cash does? Cash doesn’t, but it also doesn’t claim to provide decentralization or enforce contracts without state involvement. The entire purpose of crypto is to remove state involvement from contracts, which it fails to do.