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7 months agoSo are Europeans just more honest and ethical than Americans? Or do all gas stations have better theft prevention systems? In the US, there is often 1 cashier managing 12 pumps AND ringing up vice sales (cigarettes, lottery tickets, junk food). In some states there a pumps with no human on site at all.
What’s to stop someone from driving off after filling up in the EU?
actual, verifiable digital ownership… using a distributed database technology that is designed to require a massive amount of computing resources to update.
I think where some of us who work in spaces using databases to verify something in critical business processes get stuck in accepting that blockchain has value is that our jobs have always been to verify “ownership” as quickly and efficiently as possible. We typically do this by defining a canonical source of truth and our success is judged on how many milliseconds transactions take and the datacener or cloud costs.
Saying that everything about blockchain is “dumb” isn’t a very nuanced analysis… but it’s a understandable reaction to hearing the hype that blockchain is going to change everything for years.
I’ve never seen anyone argue that the massively distributed nature or the public read access of blockchain technologies aren’t interesting. It’s the tradeoff that has to be made in speed and costs that make it hard for many of us to see any value in the approach for most applications.