Fwd: Ten years in, nobody has come up with a use for blockchain
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Fwd: Ten years in, nobody has come up with a use for blockchain
 
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Nice contrarian view on bitcoin and blockchains in general: https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100I suspect blockchains will go the way torrent file systems went: they'll be great for IT infrastructure, so folks like Amazon Web Services will use them:
-- Owen ============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove |
Re: Fwd: Ten years in, nobody has come up with a use for blockchain
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Very good article. Crypto currencies seem to have the most appeal with people are essentially antisocial, or at least, anti-government. I loved the statement early on in the article, "Bitcoin is what banking looked like in the middle ages — 'here’s your libertarian paradise, have a nice day.'" On Thu, Dec 28, 2017 at 12:08 PM, Owen Densmore <[hidden email]> wrote:
============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove |
Re: Fwd: Ten years in, nobody has come up with a use for blockchain
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The new Netflix documentary Banking on Bitcoin is pretty interesting and unintentionally perhaps draws you to the worries in the post.
Ed _______________________ Ed Angel Founding Director, Art, Research, Technology and Science Laboratory (ARTS Lab)
Professor Emeritus of Computer Science, University of New Mexico 1017 Sierra Pinon
============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove |
Re: Fwd: Ten years in, nobody has come up with a use for blockchain
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In reply to this post by Gary Schiltz-4
"Crypto currencies seem to have the most appeal with people are essentially antisocial, or at least, anti-government. "
It seems clear to me that even the governments of several robust democracies could easily go off the rails, and increasingly not be concerned with the general welfare. In that case, legal or illegal are not necessarily statements of good or bad or fair or unjust -- they become definitions powerful people employ to control others. When governments fail or become insensitive to the needs of people, then alternative tools may evolve to cope. Obviously the proof-of-work approaches like Bitcoin are becoming very expensive for small transactions and need to be extended and reworked. Even so, in their current form, they can be useful for exchanging resources in bulk to individuals living under oppressive circumstances. It does not imply that all other currencies should not exist or that regulation is unwelcome when a government is actually functioning. And of course, one person's defiant distributed community is another's criminal and/or terrorist organization. Nonetheless, distributed ledger systems provide a way for cooperation to restart even when everything is on fire.
So I'd revise your assertion to be "Crypto currencies seem to have the most appeal with people that ultimately do not give full trust to the majority." I mean, look what the (near) majority did last November.
Marcus From: Friam <[hidden email]> on behalf of Gary Schiltz <[hidden email]>
Sent: Thursday, December 28, 2017 11:42:27 AM To: The Friday Morning Applied Complexity Coffee Group Subject: Re: [FRIAM] Fwd: Ten years in, nobody has come up with a use for blockchain Very good article. Crypto currencies seem to have the most appeal with people are essentially antisocial, or at least, anti-government. I loved the statement early on in the article, "Bitcoin is what banking looked like in the middle ages — 'here’s
your libertarian paradise, have a nice day.'"
On Thu, Dec 28, 2017 at 12:08 PM, Owen Densmore
<[hidden email]> wrote:
============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove |
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