Bongo Heracles
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Post by Bongo Heracles on Jan 31, 2022 13:31:20 GMT
So what is blockchain going to be used for going forward, then?
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dogbot
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Post by dogbot on Jan 31, 2022 13:31:35 GMT
You say that, but blockchain currently offers nothing that can't already be done (often better) in other ways and so it's being used to schill notional monkey pic ownership. Wow, what a killer application of technology. The internet, on the other hand, quickly found a raft of absolutely definitive applications.  Have a magic bean.  |
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H-alphaFox
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Post by H-alphaFox on Jan 31, 2022 13:56:23 GMT
So what is blockchain going to be used for going forward, then? What's it being used for now, by who and what industry?. Why? All easily googlable questions. The EU already have their operating blockchain and are developing another as just one example but hey the defi sector was worth 80billion last year so not going to list them all predicted to hit 800 billion in 2022. So yeah nobody is using this useless tech. And no, blockchain is fundamentally better, more secure and greener than existing tech. It will underpin everything from banking, contracts, music streaming to land titles. It is only the beginning |
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Bongo Heracles
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Post by Bongo Heracles on Jan 31, 2022 14:15:04 GMT
Except that it wont. Due to inherent privacy issues, none of those functions will be performed in the blockchain.
You come in to this thread all the time, shake your head and say 'fools, they just dont understand' but are unable to demonstrate any worthwhile use for this unbelievably wasteful technology.
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dogbot
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Post by dogbot on Jan 31, 2022 14:18:19 GMT
Greener. Yes, of course it is. You should Google that...
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H-alphaFox
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Post by H-alphaFox on Jan 31, 2022 14:35:54 GMT
Mainly because it already is being used for many of those things, the sector is blowing up and I have eyes. I have given numerous examples should you need a rabbit hole to dive down.
My wife's work use it daily for storing IP, trade mark and contract data that makes it instantly accessible and highly secure. I mean it's the EU, they are not fucking around. But I'm sure the FG code monkeys can offer a better system.
And their plains to develop a greater blockchain with the help of IOTA is wonderfully dystopian.
Even Buffets investment group is onboard with the defi sector now.
So I'm not the one ignoring the facts and numbers. Follow the money because an awful lot of it is being invested and flowing through such a horrible invention.
Now excuse me while I stream some Deadmau5 on Audius and pay the man a fair royalty.
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Bongo Heracles
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Post by Bongo Heracles on Jan 31, 2022 14:45:32 GMT
A lot of sectors are spinning up projects for fear of missing the boat and the functions you describe can be replicated by other technologies with significantly less environmental costs.
Cryptocurrencies are inherently pointless and and public blockchain is riven with security and privacy issues. It is a technology that will absorb nothing but a few edge cases and pimped by conmen trying to separate idiots from their money. The issue is that nothing 'needs' to migrate its functionality to the blockchain and if it does, it is generally the worse for it.
Now excuse me while I listen to Tidal, which supports direct payment to the artists I listen to from my subscription fee.
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dogbot
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Post by dogbot on Jan 31, 2022 14:46:27 GMT
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nazo
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Post by nazo on Jan 31, 2022 14:51:50 GMT
The thing I've found with crypto as I've been learning more about it, pretty much everything in the ecosystem just serves itself. Shit play to earn games that only exist to earn nfts / tokens in the hopes they'll be worth something, defi projects that let you lend / swap / bridge / farm your tokens, launchpads that let you buy into new project tokens in the hope they'll moon and make you rich. I've yet to see anything that's actually useful outside of the crypto space. It's just a bubble that more and more money is going into but nothing useful is coming out. Bitcoin is basically an alpha release PoC and yet it still dominates the market despite far superior alternatives existing, that should tell you something.
Even if you solve the many, many problems the blockchain has in its current forms (environmental damage, slow transaction times, gas fees, scams, buggy smart contracts, complexity, decentralisation being largely a myth) it's still a solution in search of a problem.
Maybe it'll be like the dotcom boom and after it all blows up someone will figure out how to actually do something useful with the tech but I'm not holding my breath for Web 3 having any meaningful impact on our lives any time soon.
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Bongo Heracles
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Post by Bongo Heracles on Jan 31, 2022 14:51:56 GMT
At work, this is the process used to assess whether the next project will require blockchain:  |
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Post by Jambowayoh on Jan 31, 2022 14:52:55 GMT
Nice
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Bongo Heracles
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Post by Bongo Heracles on Jan 31, 2022 14:53:39 GMT
The thing I've found with crypto as I've been learning more about it, pretty much everything in the ecosystem just serves itself. As with everything else, if you are unsure of what to do, look at who is telling you to do it. And *everyone* involved in shilling crypto is an arsehole. |
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dogbot
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Post by dogbot on Jan 31, 2022 14:57:40 GMT
The thing I've found with crypto as I've been learning more about it, pretty much everything in the ecosystem just serves itself. As with everything else, if you are unsure of what to do, look at who is telling you to do it. And *everyone* involved in shilling crypto is an arsehole. Right. And all these big money institutions now getting involved with it is because there's a remote possibility they may be able to extract even more money from their customers via a different method. It's not some amazing tech utopia that will free the humans from the capitalistic servitude. Although it's funny to see people who have a vaguely tangential understanding of the underlying technology try to prosthelytize that it is. |
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Post by Jambowayoh on Jan 31, 2022 15:16:30 GMT
It really is the techobros answer to a problem that doesn't need solving. I mean who the fuck really wants their medical records on something that has categorically been shown to have barely any security. It's insane.
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Post by jimnastics on Jan 31, 2022 15:29:15 GMT
I remember around 2013/14 having 8 x 280x GPUs mining in my garage, I bought some wooden shoe racks and hung the GPUs from the top shelf using zip ties, connected to the motherboard (which was on the bottom shelf) using some PCI-E extension cables! Absolutely bonkers thinking back, you could hear the GPU fans blasting away from anywhere in the garden.
What's the servicing costs on the Lambo? I wish  I did well before the Dec '13 crash, then sold what I had left (crypto and hardware) during the start of the bear market 2014 and sat it out. Splashed all the cash on some nice stuff, but not Lambo level nice stuff. We had our 2nd kid in late '15 which pretty much signalled the end of me as a balls-deep crypto trader, and since then I've only dabbled in "sensible" crypto trading if there is such a thing.
I'm sure I'm not the only one here who, at some stage in their life, has had what would now be $millions worth of BTC. I shoulda hodled!! Fuck it, what can you do. Maybe there's still time...
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Post by š on Jan 31, 2022 16:04:31 GMT
Thereās briefly been some interest in moving health records to blockchain because of the immutability, but after people pointed out that retroactively changing old health records isnāt an issue for the vast majority of EHRs and it might as well be immutable in current form anyway it got put on the back burner due to the absolute fuckton of other issues that it has.
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Post by spacein_vader on Jan 31, 2022 16:33:24 GMT
Thereās briefly been some interest in moving health records to blockchain because of the immutability, but after people pointed out that retroactively changing old health records isnāt an issue for the vast majority of EHRs and it might as well be immutable in current form anyway it got put on the back burner due to the absolute fuckton of other issues that it has. All good till someone has gender reassignment and the record needs updating, and of course who wouldn't want their medical records publically available? |
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sportā
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Post by sportā
on Jan 31, 2022 17:47:59 GMT
Shit, missed out on another altcoin pump.  |
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Post by š on Jan 31, 2022 18:02:06 GMT
Thereās briefly been some interest in moving health records to blockchain because of the immutability, but after people pointed out that retroactively changing old health records isnāt an issue for the vast majority of EHRs and it might as well be immutable in current form anyway it got put on the back burner due to the absolute fuckton of other issues that it has. All good till someone has gender reassignment and the record needs updating, and of course who wouldn't want their medical records publically available? Well, it was more about things like āmedication x dispensed at location y for patient zā or audit trails for procedures carried out than raw patient profile information, but like I said that stuff isnāt really a concern with current EHRs anyway so itās a solution looking for a problem still. |
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Immaterial
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Post by Immaterial on Jan 31, 2022 22:20:56 GMT
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Tuffty
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Post by Tuffty on Feb 1, 2022 11:02:41 GMT
Anytime NFT's are mentioned in games it basically sounds like adding Kickstarter backer rewards in full retail proced games. "You can own your unique gun!" "Here's a unique accessory of an image of your choice which will give you a 5% stat bonus". What they're not selling you is the fact that if you wish to sell your NFT, you need a steady influx of new players and frankly, who would even be remotely interested in buying 'Generic Bartender NPC from Stalker 2'
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Post by khanivor on Feb 1, 2022 15:45:23 GMT
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Post by khanivor on Feb 1, 2022 15:45:54 GMT
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dogbot
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Post by dogbot on Feb 1, 2022 15:47:40 GMT
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Blue_Mike
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Post by Blue_Mike on Feb 1, 2022 22:44:12 GMT
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Post by Nanocrystal on Feb 1, 2022 22:47:49 GMT
As has been said, NFTs really are helping us to see who has 'tegridy, and who doesn't.
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Post by Jambowayoh on Feb 1, 2022 23:28:02 GMT
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Post by Chopsen on Feb 2, 2022 0:21:23 GMT
That's a shame. Team17's CEO seems like one of the good guys. (edit: by which I mean - I'm disappointed in this NFT shenanigans. But hey: shareholders eh? What a bunch of wankers) |
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Post by simple on Feb 2, 2022 7:18:12 GMT
Turns out NFT scam merchants are selling music NFTs without the permission of artists or labels gethitpiece.com/My friends have even found their local bands from a decade ago on there |
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Bongo Heracles
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Post by Bongo Heracles on Feb 2, 2022 9:51:58 GMT
The funny thing about it is how brazen they were and how little they seem to care when called out.
They absolutely went the āeasier to seek forgivenesszā route
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I did well before the Dec '13 crash, then sold what I had left (crypto and hardware) during the start of the bear market 2014 and sat it out. Splashed all the cash on some nice stuff, but not Lambo level nice stuff. We had our 2nd kid in late '15 which pretty much signalled the end of me as a balls-deep crypto trader, and since then I've only dabbled in "sensible" crypto trading if there is such a thing.
