Re:Towards a design philosophy for interoperable blockchain ...
by admax88q on Wednesday May 30, 2018 @11:15AM
(#17188320)
> In other words, a decentralized trust-based system allows, for example, for a second-hand market for among other things digital assets.
This sounds like you're trying to use blockchain to invent artificial scarcity for "digital goods." The only possible benefit I see from that is letting copyright owners preserve their current business models rather than adapt to the reality that bits are freely and easily copyable.
Why would we want that?
Re:Towards a design philosophy for interoperable blockchain ...
by ThomPete on Wednesday May 30, 2018 @12:24PM
(#17189041)
Because it allow for value creation in s digital space. If i spend two months in a game getting some asset i would like that to be recognized so that i could sell or buy that unique item.
Its not about copyright as much as its about trust in the transaction between two seemingly unrelated digital assets. It allows me to trust that i am getting what i actually paid for and not a knockoff.
Watching something like fortnite makes it obvious that there is value in digital scarcity.
Re:Towards a design philosophy for interoperable blockchain ...
by CPLX on Wednesday May 30, 2018 @10:50AM
(#17188099)
> there is no medium for the transaction
Yes there is. They're called Dollars.
Re:Towards a design philosophy for interoperable blockchain ...
by ThomPete on Wednesday May 30, 2018 @12:26PM
(#17189060)
Thats not a medium but an asset and that asset requires a centralized system to be recognized. I want to be able to exchange non-monetary digital assets. The coming generations will adopt it without these discussions so i am glad someone is laying the groundwork.
Re:Towards a design philosophy for interoperable blockchain ...
by CPLX on Wednesday May 30, 2018 @01:03PM
(#17189415)
> I want to be able to exchange non-monetary digital assets
Why?
Re:Towards a design philosophy for interoperable blockchain ...
by ThomPete on Wednesday May 30, 2018 @01:39PM
(#17189759)
Look in the other comment.
Re:Towards a design philosophy for interoperable blockchain ...
by weedking on Thursday May 31, 2018 @01:46PM
(#17198426)
The Chainlink project addresses many of these issues.
https://link.smartcontract.com/whitepaper
The resilience, usefulness, and value of a system often isn' its elegance but its adaption. A decentralized trust system IS immensely valuable if it can be done because it allows for a lot of transactions that right now falls between chairs in the digital space.
A lot of the critique of the blockchain is based on the belief that digital allows for abundance (copy paste) and that that is the value of digital. But the reality is that there is plenty of value in scarcity ESPECIALLY in the digital space as it opens up for establishing a unique digital footprint which itself has a lot of value.
As an example, you can't easily exchange a piece of music with a game asset. Or an ebook with a digital pokemon card as there is no medium for the transaction. In other words, a decentralized trust-based system allows, for example, for a second-hand market for among other things digital assets. Or put another way a decentralized blockchain based trust system allows for more fluidity in the market and allow for an ever-increasing level of sophisticated trades.
Our legal infrastructure is built for a non-digital reality, even governments would be interested in adopting the blockchain to allow them to implement regulation in the digital space too.
So I don't think it's silly at all, in fact, it feels a little bit like we are reliving the birth of the internet again when it comes to peoples opinions about it.