Just a quick question to see if there are a lot of crypto/block people on dev.to.
- How did you get into it & why?
- What did/do you do?
- Where do you see the space going?
- What do you think? (about anything).
Thanks :)
For further actions, you may consider blocking this person and/or reporting abuse
I read into it, first to learn what the hype was about, later as research into transaction methods. My current take is that blockchains are something between a scam and pure marketing: blockchains let you handle order dependent data manipulations in a way that both allows and requires decentralization, for situation where a trusted (third) party to host a database cannot be identified, as databases would be superior in that case.
I have yet to see a problem that matches this description. It's the age-old story of the hammer and problems that are not nails.
This is true in many case Dr.
Hammers for non nails.
Regular dbs are often the better option. Except in cases of trust. The main use of blockchain is a replacement of trust, not tech really. Crypto currency/supply chain & digital assets are pretty good uses of crypto.
Well, as I said: if there is trust, blockchains are not a good fit. The inverse is not true though, it there is no trust, blockchain may still not be a good fit.
If you data is monotonic, asymmetric encryption will suffice.
If you cannot guarantee decentralization, a 50% attack is viable and your blockchain assets become worthless.
If digital assets must have a stable value, you cannot use blockchain (or any other decentralized approach I expect).
EDIT: It's also worth considering what the arrival of quantum computing might do to blockchains. I'm not particularly familiar with the exact effect of QC on encryption so I don't know exactly, but from what I understand e.g. stealing bitcoin wallets would be easy.
I agree. No trust does not mean "go to blockchain". Trust is also fluid so if you can decentralize trust (in any aspect) it usually helps.
Do I want to hold the keys to my data or FB? (their ability to analyze/use/sell alone). This is a perfectly valid use case for blockchain as setting up full systems is unreasonable.
Digital assets don't necessary need implicit value (maybe I want to track my stuff/ record the original digital copy of my stuff). Asset mgt. Supply chain. Auditing. Verification. All can/have been done in many ways. Blockchain is elegant in some cases.
It's not all technical, in most cases I see blockchain is about people. The technical side (its a db!) is less interesting.
These are part of the reason many leading tech are investing/building (also speculation).
With respect to quantum? Let's see. Stealing from your house/bank/car/gov is already easy.
thenextweb.com/contributors/2018/0...
theregister.co.uk/2019/03/14/quant...
Like every tech, there are uses & it is not really black & white.
Well, let's look into the data example you've given.
How is a blockchain going to help here? Maybe I'm missing something, but AFAIK blockchain is a system that enforces linearity in a systems where copies can be made, by requiring some expense for every change. Personal data is not linear though, it is constant.
I don't see how blockchain is about people. We are describing a methodology, not a group of people or ideology.
Regarding why tech companies are investing in blockchain, it's part hype, but they're also flexing. Blockchain is considered complicated. Being able to use that technology shows you're technologically competent and updated. Remember second life?
You're right about quantum. I was thinking centralized organizations could switch to quantum encryption to combat quantum decryption, but bitcoin has consensus-based changes and forks, so it can do the same and my example does not hold. I've got no idea how hashing (a pillar of BC) would fare in a QC world.
Facebook's globe coin or bitcoin, which would you prefer to be the main currency? (fb coin could be centralized it's not as relevant, they are clouting). It's not really about the tech as the control of the tech .
For social media: Getting paid (brave) & holding your own records, deplatforming, privacy.
Plenty of blockchain investment is not hype (plenty is).
SL? There are loads of VR worlds now. Decentraland is the decentralized/crypto version.
Blockchain is a form of tech & like most tech, there are many ways to implement or many different technologies you can use. The real value comes in the changes it makes to trust/control & governance, not so much the technical aspects.
Would you prefer to hold all your own {health} data, with your own keys & allow access to others or use "Microsoft outsourcing"? Blockchain solves that (so does your own server blah blah but that is not reasonable).
Heh, back to 2012 but not the fashionable scams, no. Bitcoin is here to stay and changing everything on a deeper level than it seems - note however that Ethereum and similar blockchain-hype are neither innovations nor what Bitcoin is all about.
BTC is for sure here to stay & changing a lot (great gatekeeper removal).
In the same way that it is better to have more choices in tech, the same is true of crypto. At a minimum it pushes btc forward.
I don't think it is all a dog & pony show, as I like the idea of having choices (I understand a lot is garbage). The scams who are here for a quick money grab? People are tired of that & it seems like it is/will get better.
Ignoring the hype, there are a bunch of uses for blockchain.
Why is it "better to have more choices in tech" ?
Note that people are never (nor will they ever be) tired of scams, no. The reason for this is simply a psychological one - there will always be people who believe the lie that they like at the expense of the reality that they don't enjoy.
What are those "uses for blockchain" you have in mind precisely?
There's more, but that's enough & it's kind of obvious why choice is a good thing.
On crypto:
I don't need other people to decide for me, Govs? corps? gatekeepers? Some 28yr old who thinks they hit gold because they built a site or tech product? No thanks.
Uses for blockchain or crypto?
That's a few.
Scams are a tiny part of the whole ecosystem. Unpaid user generated content (like what we are doing here & everywhere is a bigger scam).
So come over on irc and/or blog and stop giving in to the scam because re unpaid user generated content you are totally right.
I'll happily continue the conversation either on my blog or in the irc channel.
Hehehe smooth. Done. Show me a thread on your site.
I only came back because a whole bunch of people forgot their positions & correction is needed. I always appear before that correction to see if course correction is possible.
Hello,
1) I got into it because I was curious. The "blockchain" concept is really interesting I think.
2) I read lots of explanation about blockchain to understand his concept. I bought some Ethereum to see how it works and what I can do with it.
3) I am a beta tester for a trading card game based on blockchain (Zombie Battleground from Loom Games). Thanks to blockchain, you can trade, buy or sell the cards from/to other players.
4) The best thing about blockchain to me : to have ownership on digital stuff, that you can trade or sell (or give !).
Thanks for your answers GN4RK,
It's interesting as you don't hear that much from actual users (hodl/trade/build/shill sure).
So you mostly have fun with it & play MTG style games? Have you made money from it? (are they going up in value?)
Merci.
Yep I mostly have fun with it. I have no particular interest in the speculative aspect. I also learn to code DApps with cryptozombies.io/ (also from Loom Network).
👍
I tried cryptozombies when it came out.
I love to join but I have so many other things to do for now and just reading articles about it.
when do I join?
¯_(ツ)_/¯ whenever I got freed.
Hey Ahmad, I can answer some questions if that helps, if not this thread will probably be here for a long time. 👍