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Re:Building for the Blockchain by CPLX on Tuesday January 09, 2018 @12:51PM (#16108087)
Sure. But this has been going on for awhile, what's the example of someone actually doing any of these things in a way that creates real efficiency?
Re:Building for the Blockchain by DennisP on Tuesday January 09, 2018 @01:21PM (#16108384)
That won't happen in a substantial way until scaling issues are fixed. On Ethereum, there are at least half a dozen projects that tackle different aspects of the problem. The first phase of sharding, for example, should be good for a 100X improvement; there's a published spec, a testnet is on the way, and it can be rolled out without a fork, so there's a good chance it'll happen this year.

Some other chains are working the problem in their own ways, I'm just less familiar with them.

Re:Building for the Blockchain by 0x4f3759df on Tuesday January 09, 2018 @12:53PM (#16108110)
I feel like you are moving the goalpost.

edit: If UPS doesn't count then nothing is going to count.

Re:Building for the Blockchain by CPLX on Tuesday January 09, 2018 @12:55PM (#16108129)
The guy said it seems interesting in theory but asked where the actual value was. You replied with some theoretical examples.

Lots of things are interesting in theory. Bitcoin is about to end its first decade though. Asking where the actual value comes from seems on topic to me.

Re:Building for the Blockchain by ruiquelhas on Tuesday January 09, 2018 @06:54PM (#16111322)
I don't know about so called blockchain projects like ethereum, but bitcoin has value because it has inelastic demand. There are a lot of underserved people out there that need bitcoin, regardless of its value, in their daily lives because they can't use fiat currency for things like buying quality drugs online, getting rid of ransomware, laundering money, etc.

Hell, if these don't pass the ideological test, just ask someone from Venezuela why do they need bitcoin.

Re:Building for the Blockchain by CPLX on Tuesday January 09, 2018 @09:27PM (#16112110)
I'll bite. Why does someone from Venezuela need Bitcoin?
Re:Building for the Blockchain by ruiquelhas on Wednesday January 10, 2018 @05:02AM (#16113763)
Re:Building for the Blockchain by Goladus on Wednesday January 10, 2018 @10:50AM (#16115786)
It's not clear that the Venezuelan case is due to inherent property of Bitcoin, or merely that Bitcoin just has good timing and is the most conveniently available alternative to cash out of a tanking currency.

Basically, saying that bitcoin can (at the moment) function as a better currency than one that is completely failing is valid and interesting, but not exactly a ringing endorsement.

Re:Building for the Blockchain by chickenfries on Tuesday January 09, 2018 @01:00PM (#16108178)
> We are now about eight years into block chain and beyond its one core use cases there is almost nothing. Whatever value has been delivered seems extremely minor compared to the vast sums of money being spent, making this perhaps the worst ROI I've ever seen.

> Can someone provide a counter example? What are people doing in the real world with this stuff?

What? Where did they move the goalpost.

Re:Building for the Blockchain by TylerE on Tuesday January 09, 2018 @12:56PM (#16108145)
Don't think so. You said $x is great for $y. He asked you to show an example of $x actually solving $y.
Re:Building for the Blockchain by rrecuero on Tuesday January 09, 2018 @01:41PM (#16108571)
Exactly, scalability is a moving target. You can't expect to match VISA transactions the first day
Re:Building for the Blockchain by joosters on Tuesday January 09, 2018 @05:10PM (#16110624)
Some progress in eight years would be good, though!