as300

10 ms·

61.
by as300 8y ago
Their monopoly is on discourse and dissemination of information. I'm going to sound a bit paternalistic and anti-capitalist here, because I am. Facebook is no longer just a company, it's an institution that should definitely be re
62.
by as300 8y ago
The thing is that it can take days for a transaction between two different regional banks to clear. Whereas with the solution they're proposing, I'm guessing it'd take much less time than that. Many people are trying to solve
63.
by as300 8y ago
> These four elements work together to enable trust. Take banking, for example. Financial institutions, merchants, and individuals are all concerned with their reputations, which prevents theft and fraud. The laws and regulations surroun
64.
by as300 8y ago
> I think that much simpler solutions would be sufficient and should be purpose built. I also wish it would die soon. 100% agree. If you look at all of the current blockchain "use-cases" you will find that many of them (e.g. Ri
65.
by as300 8y ago
No, but it's worse to do so while you say you're "making the world a better place"
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by as300 8y ago
> I guess I'm an object lesson in the value of a college degree! As well as the really innefective way we judge talent in the US
67.
by as300 8y ago
This story isn't really about "losing the birth lottery", so to speak. Its about someone not being able to afford nursing home care. The fact is that the US spends much of its money on caring for the elderly already, and ther
68.
by as300 8y ago
>Publishing a DB dump with a checksum has been around for decades This solves the problem of where you would publish said checksum. Instead of publishing it in an issue of the New York Times, say (which could theoretically be forged)
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by as300 9y ago
Fraud can occur when a party lies about assets it owns when entering into an agreement, which would be prevented if you had to present proof of ownership for any asset you claim to own? Most ponzi schemes would never happen.
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by as300 9y ago
Global computer and storage system
71.
by as300 9y ago
I'm sort of thinking out loud here, but the nexus will have to consist of third-party auditors who operate based on reputation. Right now, we have the government operating as both the "miners" and the auditors. A middle-groun
72.
by as300 9y ago
>You mean Kickstarter, which has nothing to do with blockchain? Blockchain is having all of the functionality (and more) of Kickstarter with 10-20x more reach. Also, explain how you would use kickstarter to crowd-fund a gold-backed digit
73.
by as300 9y ago
But isn't there still a cost advantage? Rather than securing a centralized database you simply create a coin secured by the Blockchain?