Re:Introducing A16Z Crypto
by madeofpalk on Monday June 25, 2018 @07:03PM
(#17396576)
> 1.
"Open APIs", backing and sharing data is all possible without Blockchain.
> 2.
The problem with contracts isn't contract itself, but the humans involved. Instead of having a lawyer write a contract, instead you'll have Smart Lawyers write Smart Contracts.
> 3.
Ok, sure. I would like to see what this is in practice though. The reason payment processors don't like dealing with adult industries is due to the higher rate of fraud and/or chargebacks, things like that. Either processors involved would be affected by the same things, or consumers would have to forgo things like fraud prevention and protection.
> 4.
Stackoverflow data is Creative Commons. If those sites go down we wouldn't loose the information. This is not a real problem.
> 5.
You detailed yourself why this isn't actually a problem solved.
> 6.
How? You can't just say "voting, but on the blockchain" and leave it at that. Wouldn't a voting-only blockchain would be susceptible to 51% attacks?
"Open APIs", backing and sharing data is all possible without Blockchain.
> 2.
The problem with contracts isn't contract itself, but the humans involved. Instead of having a lawyer write a contract, instead you'll have Smart Lawyers write Smart Contracts.
> 3.
Ok, sure. I would like to see what this is in practice though. The reason payment processors don't like dealing with adult industries is due to the higher rate of fraud and/or chargebacks, things like that. Either processors involved would be affected by the same things, or consumers would have to forgo things like fraud prevention and protection.
> 4.
Stackoverflow data is Creative Commons. If those sites go down we wouldn't loose the information. This is not a real problem.
> 5.
You detailed yourself why this isn't actually a problem solved.
> 6.
How? You can't just say "voting, but on the blockchain" and leave it at that. Wouldn't a voting-only blockchain would be susceptible to 51% attacks?