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Is there? 1. You buy a username. Old owner contacts support and claims their computer was hacked and they didn't want to sell. Will you lose your new username?
by theamk 2y ago
Is there?
1. You buy a username. Old owner contacts support and claims their computer was hacked and they didn't want to sell. Will you lose your new username? No matter what the answer is, you will have to trust Telegram LLC to honor that.
2. Or that person can get a website and advertise on channel. Or a Twitter/Mastodon/whatever account. Or if you want obscure tech, they can publish a public key (directly, without blockchain).
You can certainly plug blockchain in many places. Hey, you could hook up blockchain to your light switch and use L2 transactions to turn the light on!
The real question is: given the specific real problem, is blockchain the best solution? So far the answer is usually "no" (unless the question relates to avoiding laws)
- Self-Perfection 2y agoYou seem to be arguing that it was possible to implement auctions without blockchain, and that such an implementation would be even better. I provided my example in response to josephg, who did not include "using blockchain is the best way to build such a product" in the list of constraints in his question. Therefore, I have not optimized my example for that. So I'd rather stop argument here.
- josephg 2y agoThat’s fair. I see “bidding on a username” as fundamentally the same as using bitcoin to buy a pizza. An auction is a bit more complicated, but it’s still just commerce. Bitcoin as over complicated money. But I didn’t exclude commerce in my post above. Thanks for replying.