The first commercial crypto is 12 years old.No, there are several perfectly good uses for crypto, like in payments the porn industry/sex work (especially self-made stuff like Onlyfans) that the banks keep taking a shot at once a decade or so.
The first commercial crypto is 12 years old.No, there are several perfectly good uses for crypto, like in payments the porn industry/sex work (especially self-made stuff like Onlyfans) that the banks keep taking a shot at once a decade or so.
It's new tech, so I'm not surprised nobody understands blockchain. I sure don't.Based on the responses by people acting like they understand blockchain I get the feeling that nobody understands blockchain.
Why would crypto be difficult to cash out? You press the sell button on an exchange.
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I'm very glad you used ConstitutionDAO as an example, because now for everybody's viewing pleasure:
‘Buy the Constitution’ Aftermath: Everyone Very Mad, Confused, Losing Lots of Money, Fighting, Crying, Etc.
ConstitutionDAO tried to buy the Constitution. Now it has a $40 million mess on its hands and entire refunds are being wiped out by high fees.www.vice.com
The future of self organizing everyone. :v
Most crypto transactions are prohibitively expensive. They only really work with really large transactions.
Its not biztech weirdness around it, its biztech weirdness at its core. There's a reason why like every application is actually fintech if you peel back the top layer, the whole thing is about finding more ways to financialize online interactionsHonestly I'm a techy person but I really don't get the technicals here. I only know that the blockchain allows for very reliable signatures for any kind of data. At least I think that's the case.
Honestly I should be learning this stuff just to keep myself up to date but it's just so full of biztech weirdness around it...
Its not biztech weirdness around it, its biztech weirdness at its core. There's a reason why like every application is actually fintech if you peel back the top layer, the whole thing is about finding more ways to financialize online interactions
I would love for literally anyone to explain what a website "being on blockchain" even means (not explained in the article or by anyone in the thread) or what that would actually accomplish, for Kickstarter or its users over what standard tech already does.Does it even matter? The hot takes in this thread are legendary, people are going full Abe Simpson but with half-baked revolutionary undertones.
I have backed, no joke, probably at least fifty Kickstarters over the last six years. I am almost certainly in the top 1% of their users, and if they make this move they won't be seeing another cent of my money
i legitimately don't understand this take. like i legitimately don't. even if it becomes common place, it doesn't change the criticism of the technology? it's still going to have a very bad environmental impact and still have all the inherent issues that makes it so attractive to alt-right types. even if this becomes as common place as cars, which it probably won't, what are we doing this all for? for our transactions to become publicly available off a gas-guzzling super machine? no thanks. coins that have value that fluctuates even worse than the stock market? no thanks.Does it even matter? The hot takes in this thread are legendary, people are going full Abe Simpson but with half-baked revolutionary undertones.
At this point its largely about sending a message that I do not want the future of the internet to be increasingly built on blockchain technology. I have a lot of objections to it that run the gamut from practical problems with security and liability to ideological issues with the way that all blockchain ever seems to incentivize is financialization and speculation (without even touching on the energy issue). Its about boycotting where I can to try and slow the rising tide.Honest question, if you've used and enjoyed the site so much, why does this move sink it for you? Seems to me like it's a lot of tech doublespeak and is just a (unnecessary and probably overly convoluted) business thing and it wouldn't affect how or why I pay to support a game, album, etc. that I want to get made. I guess I don't understand enough about the potential nefariousness of this stuff outside of how it all seems like a shell game to make rich people richer. Maybe I answered my own question.
I would love for literally anyone to explain what a website "being on blockchain" even means (not explained in the article or by anyone in the thread) or what that would actually accomplish, for Kickstarter or its users over what standard tech already does.
I don't have a hot take either way because there's literally no explanation or even seemingly idea of what this is. Kickstarter hasn't even started developing it yet it seems lolol
I did my final year capstone project on Blockchain, wrote like a 10k word paper, made my own mini-blockchain in Java, and I honest to God still don't know what it is.
As a payment from end users? Wont this just turn away ordinary people who dont get crypto?
But in an industry like pharma, what benefit does the counterfeiting codes repository being decentralized have? It's not like drug production is done by thousands of mom and pop shops that could benefit from being verified on a blockchain for end users. Seems like a database would be plenty scalable to the amount of inputs actually needed from the manufacturers.Medicine counterfeiting and shipment control was a pretty good one. Try googling around a bit for "Medicine Blockchain" and you'll find some good articles on it. The idea is that by tracking unfakable codes, you can ensure that medicines sold to people in areas with a high counterfeit rate are actual real. Its a good application and deservedly got some attention from governments in affected countries for example.
Except its not. If it was cloud computing, the solutions it provides could be met by...cloud computing solutions. Its a public ledger with distributed (not nessecarily decentralized) trust protocols for record addition and we have now had a decade to see what sort of systems that is capable of producing and it keeps producing the same thing.if you guys started thinking about blockchain as cloud computing ..you'd probably have a better time grappling with it.
What benefits does "blockchain" have over AWS or Azure?if you guys started thinking about blockchain as cloud computing ..you'd probably have a better time grappling with it.
oh my god, dont tell me this is serious.if you guys started thinking about blockchain as cloud computing ..you'd probably have a better time grappling with it.
oh my god, dont tell me this is serious.
why not just use cloud computing????
Please read a single work of leftist literature from the past...one hundred and fifty yearsBecause I believe a company should be a democracatic organization rather than a dictatorship getting all the benefits while workers just get what they dictate.
And crypto is the way to that future through DAO's
no it fucking isn't?Because I believe a company should be a democracy rather than a ceo getting all the benefits while workers just get what they dictate.
And crypto is the way to that future through DAO's
Because I believe a company should be a democracatic organization rather than a dictatorship getting all the benefits while workers just get what they dictate.
And crypto is the way to that future through DAO's
There could be upsides to sites like Kickstarter and Patreon freeing themselves from the whims of payment processors.
no it fucking isn't?
everyone seems to be ignoring that these efforts are still spearheaded... by companies... and owned by such... like huh, that seems to go against the whole point, weird!
alternatively just tell everyone that it'll be commonplace in the future and they're just being abe simpson yelling at clouds and the tide is coming whether they like it or not!My favorite way to casually dismiss valid blockchain criticism is just declare that doubters do not know what they are talking about and don't understand the technology.
Because I believe a company should be a democracatic organization rather than a dictatorship getting all the benefits while workers just get what they dictate.
And crypto is the way to that future through DAO's
i legitimately don't understand this take. like i legitimately don't. even if it becomes common place, it doesn't change the criticism of the technology? it's still going to have a very bad environmental impact and still have all the inherent issues that makes it so attractive to alt-right types. even if this becomes as common place as cars, which it probably won't, what are we doing this all for? for our transactions to become publicly available off a gas-guzzling super machine? no thanks. coins that have value that fluctuates even worse than the stock market? no thanks.
there's nothing positive to gleam from web3's ideas, which that's kind of basically all it is? the only things that resemble the ideas of web3 are rife with thievery, scamming, and overall just really unpleasant mutations of ideas in capitalism i have no want or need to engage with. the idea EVERYONE will be casually doing this is really silly given nobody seems to understand what the hell this is.
Because I believe a company should be a democracatic organization rather than a dictatorship getting all the benefits while workers just get what they dictate.
And crypto is the way to that future through DAO's
Do tell how you think DAOs/blockchains will help with that democratic approach. Blockchains are not impenetrable and can be altered, you think companies won't weaponize that to their advantage?
What you're espousing, is a libertarian wet dream with no basis in reality. Just like clowns here talk about crypto supposedly ushering in a new era of decentralizing and no more poverty, and yet, people are using crypto to line their fat pockets.