Ten years in, nobody has come up with a use for blockchain

Re:Ten years in, nobody has come up with a use for blockchain by DenisM on Saturday December 23, 2017 @07:10PM (#15997102)

Here's a vague idea... How about a reputation ledger? My reputation will accumulate over time, and people will trust me, simplifying some transactions. For example I could rent a short-term stay at a lower rate because I am such a nice fellow and will never mess anything up.

Because my reputation has direct monetary value I would be hesitant to mess it up by being a dick, unless for a very big gain. The counter-parties will know the value of my reputation as well as the total value of outstanding liabilities against my reputation, so they will not give me any resources worth more than my current reputation capacity.

This has nothing to do with mining or coins, just an immutable public ledger. For all I care every notary public will be given a right to sign a block in the ledger, and collectively they will establish consensus.

Yelp on steroids, basically.

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Re:Ten years in, nobody has come up with a use for blockchain by twright on Saturday December 23, 2017 @07:26PM (#15997158)

Sounds like a good idea for a credit rating company, it might certainly be more transparent than current ones. Or, Black Mirror series 3 episode 1, it's a fine line.

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Re:Ten years in, nobody has come up with a use for blockchain by __Duncan__ on Saturday December 23, 2017 @08:23PM (#15997357)

Sounds like a black mirror episode...

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Re:Ten years in, nobody has come up with a use for blockchain by djangowithme on Saturday December 23, 2017 @07:43PM (#15997217)

I would NOT necessarily suggest Verify.as as an investment by any means but what they're trying to accomplish is quite similar.

If you can track reputation fairly then every time you make a transaction you don't have to go to court because its expensive and time consuming.

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Re:Ten years in, nobody has come up with a use for blockchain by tomtomistaken on Saturday December 23, 2017 @07:29PM (#15997170)

How to reward not being a dick: You can earn a token for being nice. With this token you can lend a stake for POS.

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Re:Ten years in, nobody has come up with a use for blockchain by hakanito on Saturday December 23, 2017 @10:07PM (#15997663)

Checkout Civic or HelloBloom

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Re:Ten years in, nobody has come up with a use for blockchain by prodtorok on Saturday December 23, 2017 @08:32PM (#15997391)

sounds like a dystopia.

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Re:Ten years in, nobody has come up with a use for blockchain by DenisM on Saturday December 23, 2017 @09:06PM (#15997483)

Well, worse case you shed your identity and start from zero, which is where you are now.

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Re:Ten years in, nobody has come up with a use for blockchain by _mhr_ on Tuesday December 26, 2017 @08:26AM (#16008479)

If the hash function were based on your DNA (proof-of-life), that would make shedding your identity significantly more difficult.

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