I remember reading the whitepaper on bitcoin in 2010 and I can say I've been a believer for awhile, but yeah the community has failed to deliver what it's claimed to want philosophically with crypto and blockchain stuff.
I could see it being used to attempt to remove corruption in supply chains, or maybe even enable some kind of open smart-contract worker marketplace where your wages are guaranteed. I also still love the idea of greater access to a banking system for people. I like the idea of it being used to enforce policies or help reduce corruption in supply chains, wages, and maybe voting, but I'm not seeing anyone in particular do this, and I don't think every sector can just solve corruption in a supply chain with a blockchain.
I also like the idea of it being used to verify videos or media that is signed by production companies and in camera hardware to combat people calling everything a deepfake, or to ensure that a video hasn't been edited past what a producer or company signed off on. Feels like it could be handy to guarantee something you are watching hasn't been tampered with, or to trace a history of usage and modification. But good luck getting that to work with transcoding and compression.
But all that said I haven't seen any projects with actual substance, and those problems may just be able to be solved with other things outside of tech. I've seen a lot of word salad and empty promises. I mean even at this point web3 stuff is basically just trying to decentralize aws and make it owned by whoever adds the compute/storage resources to the pool. Pretty sure it would always be slower than what we have now because some p2p network of consumer laptops and desktops and raspberry pis randomly scattered around can't compete with enterprise data centers with dedicated network lines and hardware.
I still think things like the attempts at decentralized storage with IPFS and smart contracts on ethereum are kinda cool projects. But they still are not particularly proven as usable or the best solution. Most projects I see highlight that something is 'on the blockchain' AS the selling feature of the thing they're making, which completely misses the point. Airbnb doesn't use 'built with react' as a selling point to consumers, nobody cares unless you're a developer. Something being on a blockchain should be the least interesting thing about what you're doing, and if you're using it as a selling point, then you're probably selling a whole lot of nothing.
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I remember reading the whitepaper on bitcoin in 2010 and I can say I've been a believer for awhile, but yeah the community has failed to deliver what it's claimed to want philosophically with crypto and blockchain stuff.
I could see it being used to attempt to remove corruption in supply chains, or maybe even enable some kind of open smart-contract worker marketplace where your wages are guaranteed. I also still love the idea of greater access to a banking system for people. I like the idea of it being used to enforce policies or help reduce corruption in supply chains, wages, and maybe voting, but I'm not seeing anyone in particular do this, and I don't think every sector can just solve corruption in a supply chain with a blockchain.
I also like the idea of it being used to verify videos or media that is signed by production companies and in camera hardware to combat people calling everything a deepfake, or to ensure that a video hasn't been edited past what a producer or company signed off on. Feels like it could be handy to guarantee something you are watching hasn't been tampered with, or to trace a history of usage and modification. But good luck getting that to work with transcoding and compression.
But all that said I haven't seen any projects with actual substance, and those problems may just be able to be solved with other things outside of tech. I've seen a lot of word salad and empty promises. I mean even at this point web3 stuff is basically just trying to decentralize aws and make it owned by whoever adds the compute/storage resources to the pool. Pretty sure it would always be slower than what we have now because some p2p network of consumer laptops and desktops and raspberry pis randomly scattered around can't compete with enterprise data centers with dedicated network lines and hardware.
I still think things like the attempts at decentralized storage with IPFS and smart contracts on ethereum are kinda cool projects. But they still are not particularly proven as usable or the best solution. Most projects I see highlight that something is 'on the blockchain' AS the selling feature of the thing they're making, which completely misses the point. Airbnb doesn't use 'built with react' as a selling point to consumers, nobody cares unless you're a developer. Something being on a blockchain should be the least interesting thing about what you're doing, and if you're using it as a selling point, then you're probably selling a whole lot of nothing.