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Can we please make a viable (federated!) amazon alternative? I have an idea!
(lemmy.giftedmc.com)
this post was submitted on 21 Feb 2025
181 points (85.8% liked)
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This is surprisingly one of the few actual useful uses of blockchain. Business tried to shove it in everywhere and it didn't make sense because blockchain is a way to audit federated separate instances - which businesses are not. They're a single monolithic structure, and they don't need the trust - they already have it. They're themselves, they just have to trust their own internal teams.
We, on the otherhand, are the perfect use for it. A way to say X person paid Y person for this product on this day at this time, X person now has the authority to rate Y person for how they did. Immutable, impossible to fake.
I'm definitely intrigued. I have HUGE prejudices when it comes to blockchain, one being climate impact. The other being privacy of all things. But I can see it as an option.
Not crypto, blockchain. When done correctly and you don't have every user trying to calculate the next hash for some pennies it works pretty well. Computing the hash when an action happens like a purchase is fairly trivial compared to mining.
Crypto started the concept of the blockchain, at the end though it's just a distributed immutable audit log. The hash is required, but if done correctly, it's trivial.
in that case this would absolutely be a neat way of doing it. thanks for pointing that out.
Climate impact of monero is significantly less per transaction than any fiat. Their are no physical banks with employees and buildings and travel and transport and minting etc etc etc. Monero is the only truly private currencies all others have every transaction tracked.
I'll have to look into it at some point. The crypto bros could have also been hired by banks at this point to burn crypto as comoetition. I would not touch it with a 10 foot pole before extensive personally conducted research. which is unrealistic even for myself but especially for everyone else.
That's quite a popular theory that the banks and even perhaps the us government itself played a part in promoting the crypto scams and nft bullshit simply to poison the idea of crypto for the masses.
Please do look into it if u got any questions dont be afraid to ask [email protected]
Thank you for this friendly and encouraging offer. This goes a long way sowing trust. I feel a lot more positive about looking into it now. Have a nice weekend.
You don't need a blockchain.
Exactly xmr has been doing this for the markets on the dark web for years now. Escrow reviews ratings seller trust etc.
I fear the idea of crypto has been so poisoned by scammers and bullshit that the average person had forgotten it actually has value
as long as it's between instances and not exposed to end-users, yeah i think that was the original use case.