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Re:Can we tokenize behavior? by skywhopper on Thursday December 28, 2017 @02:47PM (#16024385)
I can’t really find any substance here to latch onto. But the idea of distributed crypto remaking society is nothing new. I first ran into it in the early nineties via Bruce Schneier’s “Applied Cryptography”. All these algorithms could provably make voting, anonymous cash, messaging, and more totally secure and unbreakable! We were on the cusp of a technolibertarian utopia! The internet was going to make it happen and this new “world wide web” would make it accessible to the masses.

Turns out, as Schneier himself long ago realized, it’s more complicated than that, and the combination of malicious actors and human nature render every technological solution ultimately fallible.

The blockchain is not going to solve the basic issues of human fallibility and gaps in trust. Further attempts to quantify human experience, this time into cryptographic tokens, will not change the goals or capabilities of governments, criminals, corporations, or individuals.

We won’t code our way out of our problems. We need to stop fooling ourselves and start looking for real solutions.

Re:Can we tokenize behavior? by smokeyj on Thursday December 28, 2017 @06:11PM (#16025926)
> The blockchain is not going to solve the basic issues of human fallibility and gaps in trust

Yet here we are. With a globally traded decentralized token. What more evidence do you need that “the game has changed”?

Re:Can we tokenize behavior? by setr on Thursday December 28, 2017 @09:38PM (#16027094)
Time; the coin sees little use in any fundamental market. If it were to crash and vanish tomorrow, relatively little would be affected.

It's difficult to claim "Something has changed the game", if it can't even accomplish being noticable in its absence.

It exists, and it can sometimes be used, and some people think it will be used. Thats about all you can say about it.

Re:Can we tokenize behavior? by smokeyj on Friday December 29, 2017 @11:59AM (#16030396)
I'm speaking broadly to decentralized "blockchains". If any or all were to crash a new one will replace it. In that sense the cat is out of the bag and "the game has changed". It doesn't matter if any websites from the 90's still operates, the internet was a game changing invention regardless of when mass adoption took place.
Re:Can we tokenize behavior? by setr on Friday December 29, 2017 @04:46PM (#16032225)
Well no, bitcoins current value is clearly primarily based on speculation, and distinctly divorced from its value in usage. If it vanished tomorrow, and was replaced, the new coin will likely not reach the same height as bitcoin; its speculative valuation would vanish, and it would reach merely bitcoins true value (based on its utility). And its true value is likely quite low; at least nowhere near where its at today.

That is, bitcoin doesn't yet justify its own existence. A new one will replace it, but hardly out of necessity, rather simply because it is trivial to do so. If its existence was suddenly erased, few systems would be affected (mostly layer 1 actors, those directly associated with bitcoin: miners, coin devs, a few startups, etc) and most corrected quite quickly. there's not yet a true dependency on cryptocoins or blockchaind; the game is the almost exactly the same as it was with or without the bitcoin paper.

Its not yet changed.

Re:Can we tokenize behavior? by smokeyj on Saturday December 30, 2017 @12:20AM (#16033963)
> If it vanished tomorrow, and was replaced

But it won’t vanish. I’m still waiting. If you can make bitcoin vanish I’d give you some credibility. Until then you’re amongst a sea of journalists declaring the death of crypto. I’m waiting for it and I mean that sincerely. Yet here we are.

Re:Can we tokenize behavior? by setr on Sunday December 31, 2017 @06:52AM (#16040256)
What in the hell are you going on about? Im just talking about whether or not you should call it "game changing". Vanishing bitcoin is just a hypothetical.
Re:Can we tokenize behavior? by smokeyj on Tuesday January 09, 2018 @01:44PM (#16108607)
http://blog.ycombinator.com/building-for-the-blockchain/

The phrase "paradigm shift" seems to be thrown around quite a bit ;)

Re:Can we tokenize behavior? by rosser on Thursday December 28, 2017 @10:52PM (#16027383)
More meaningful use than speculation, drugs, and money laundering?