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 10 months 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 10 months ago

You are welcome :)

[–] [email protected] 22 points 10 months ago

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

[–] [email protected] 9 points 10 months ago (1 children)

But surely this is good for Bitcoin?

[–] [email protected] 3 points 10 months ago

It is always unclear

[–] [email protected] 7 points 10 months 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 10 months ago

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

[–] [email protected] 6 points 10 months 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 10 months ago

great for buying fake passports

[–] [email protected] 4 points 10 months ago

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

[–] [email protected] 3 points 10 months 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 10 months ago (1 children)

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

[–] [email protected] 7 points 10 months 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 10 months 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 10 months ago

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

[–] [email protected] 1 points 10 months ago

I've got one and only one, its a synonym for cryptocurrency in conversations and writing.

[–] [email protected] -5 points 10 months 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 10 months ago