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A comment on BitTorrent is selling for $140M to Justin Sun and Tron. Parent comment

Re:BitTorrent is selling for $140M to Justin Sun and Tron by sandworm101 on Tuesday June 19, 2018 @01:44PM (#17348733)
I agree. There are a few interesting areas, such as how a blockchain scheme might be useful to the Tor network, but it is all hype. I really laugh at those who think blockchain tech can/will replace property registries, real estate agents, and lawyers. I guess these were the same people who thought SecondLife would replace teleconferencing.
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Re:BitTorrent is selling for $140M to Justin Sun and Tron by ratacat on Wednesday June 20, 2018 @12:54AM (#17352668)
I'm working on a pretty cool project. It's called Regen Network. We're a distributed verification network for ecological data with a strong bias towards encouraging more regenerative agriculture. And we're using a blockchain as part of our verification model.

I have to agree that for the most part we haven't seen any real products come out of the crypto space. And there's a lot of chaff. It actually blows me away sometimes how many icos there are

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Re:BitTorrent is selling for $140M to Justin Sun and Tron by arisAlexis on Tuesday June 19, 2018 @05:26PM (#17350405)
why not? for sure it's awesome to have tamper proof asset registries on the blockchain that are compatible worldwide. it will revolutionize everything really.
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Re:BitTorrent is selling for $140M to Justin Sun and Tron by spookthesunset on Tuesday June 19, 2018 @05:58PM (#17350615)
> for sure it's awesome to have tamper proof asset registries on the blockchain that are compatible worldwide

For one thing, the blockchain doesn't provide tamper proof asset registries because the blockchain can be forked (see the DAO fiasco for proof).

Second "temper proof asset registeries" aren't actually a problem that really needs to be solved. The hard part of any registry is making sure the data that goes in is valid.... and that is a meatspace warm-fuzzy-human problem, not a technical problem.

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Re:BitTorrent is selling for $140M to Justin Sun and Tron by throwawaylolx on Wednesday June 20, 2018 @05:20AM (#17353726)
The "DAO fiasco" and Ethereum Classic is, in fact, proof that you are wrong about the lack of tamper-proofness.
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Re:BitTorrent is selling for $140M to Justin Sun and Tron by arisAlexis on Tuesday June 19, 2018 @07:21PM (#17351096)
there is no contentious forking if it's true decentralization. But this is more of a thing if governments would participate and run nodes along with anyone that would like to attest too.

I don't believe in the saying that you need a problem to be solved. For sure the country I live in now cannot lookup easily what other real estate properties I own in every part of the world. All governments would need to select a distributed database and encode everything on it. Well this is now called Ethereum or insert your favorite platform here and they will develop on it because the technology makes it easy.

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Re:BitTorrent is selling for $140M to Justin Sun and Tron by tomc1985 on Tuesday June 19, 2018 @06:57PM (#17350949)
oh, you mean a dictionary object containing a hash of the properties of the previous dictionary object?

Sooo innovative...

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Re:BitTorrent is selling for $140M to Justin Sun and Tron by arisAlexis on Tuesday June 19, 2018 @07:22PM (#17351102)
show me some dictionary objects that are replicated in computers in all parts of the world to keep them tamper proof and I will give you one satoshi
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Re:BitTorrent is selling for $140M to Justin Sun and Tron by tlrobinson on Tuesday June 19, 2018 @08:26PM (#17351422)
It's awesome until your private key gets stolen and suddenly a hacker in Russia owns your house.
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Re:BitTorrent is selling for $140M to Justin Sun and Tron by mr_spothawk on Wednesday June 20, 2018 @03:37PM (#17358946)
how do property title considerations currently work?

what keeps a Russian from stealing your house today?

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Re:BitTorrent is selling for $140M to Justin Sun and Tron by nisa on Tuesday June 19, 2018 @02:11PM (#17349002)
In the end you don't need decentralisation for verifying integrity - there is and was a large body of research for verifying integrity of such records like timestamping services.
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Re:BitTorrent is selling for $140M to Justin Sun and Tron by dozzie on Tuesday June 19, 2018 @03:58PM (#17349837)
Hint: blockchain is a timestamping service. What is new compared to the body of research you speak of is that it doesn't need trusted third party.
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