this post was submitted on 25 Dec 2023
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Bωockchain

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crypto skeptical community

bwockchain is not a technology of the future, buttcoin is a scam.

All lemmy.ml instance rules work here.

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[–] [email protected] 46 points 1 year ago (1 children)

What are you on about? Accelerating global warming so that I can own a reference to a hyperlink to a JPG of a monkey wearing a top hat is absolutely a fantastic use case for blockchain!

[–] [email protected] 3 points 1 year ago

You are welcome :)

[–] [email protected] 22 points 1 year ago

No use case? Someone clearly hasn't bought their drugs online.

[–] [email protected] 8 points 1 year ago (1 children)

But surely this is good for Bitcoin?

[–] [email protected] 2 points 1 year ago

It is always unclear

[–] cynar 7 points 1 year ago (2 children)

To be fair, there are plans for a (international) bank exchange system based on Blockchain. Right now it's either things like "Swift", trust, or physically shipping gold.

Blockchain allows for a system where they just have to trust the system, as a whole, and not individual banks, or the governments above them.

This is the only useful use for block chain I've seen, that isn't better served in another way.

[–] [email protected] 2 points 1 year ago

So one clear use case is to have a plan to have a use case? Totally legit

[–] [email protected] 5 points 1 year ago

There's plenty of uses for blockchains, but it's almost all about document validation and contract non-repudiation (boring bureaucratic things), not so much for commodities ("currency") and copyright enforcement (NFTs).

[–] [email protected] 4 points 1 year ago

Blockchain DNS seems like a good idea some days, but other days the entirety of the internet seems like a huge mistake.

[–] momocchi 4 points 1 year ago (1 children)

There are uses for blockchain for internal company ledgers on a small scale. its just the standard style with crypto that is only useful for global warming.

[–] [email protected] 9 points 1 year ago (1 children)

Append only databases are pretty common thing , thats true. Never heard of internal enterprise blockchains though

[–] momocchi 7 points 1 year ago

They certainly exists and have their place but yeah not the life changing technology the cryptobros like to push it as

[–] [email protected] 2 points 1 year ago

There are uses for 'blockchain' based systems, for instance git uses what is effectively a blockchain to store commits. The big difference is, rather than using proof-of-work or proof-of-funds to maintain consistently, if you break the upstream repository 'Mad' Dave over there, who is trying to push his changes before the weekend will beat you with an Ethernet cable until you regret your ways.

[–] [email protected] 1 points 1 year ago

Are drugs a use case? Cause I'm pretty sure it's just for drugs

[–] [email protected] -5 points 1 year ago (2 children)

Why would you want blockchain for making illegal purchases? Crypto makes sense as a non fiat currency. But blockchain is an non alterable record.

[–] [email protected] 2 points 1 year ago