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Re:Facebook Libra Is Architecturally Unsound by bennyelv on Tuesday November 05, 2019 @09:19AM (#21452530)
You've made some assumptions here about the impact of a verified supply chain for vape cartridges, and it sounds like you're proposing a solution to a non-existent problem.

A reputable supplier of vape cartridges gains nothing from having a verified supply chain - people trust them anyway and they maintain a supply of good cartridges to protect that reputation.

A non-reputable supplier of vape cartridges doesn't care, and only sells to people who don't care what they're buying. Their lack of good reputation doesn't matter, and their lack of a verifiable supply chain won't matter either.

If the customer wants a dodgy black market vape cartridge, that's what they'll buy. If they want a quality one from a reputable source, they can already do this.

Re:Facebook Libra Is Architecturally Unsound by __MatrixMan__ on Tuesday November 05, 2019 @09:41AM (#21452737)
That's a fair point. But I mentioned high schoolers in my example because they can't buy from a reputable source since they're not old enough (not that I think they should be vaping at all, but supply and demand...).

But still, the perpetrators here are not technically capable of pulling off a convincing forgery, so if the kids were sensitive to this issue in the first place then I guess there would indeed be no reason to insert a blockchain into the situation.

So let's take a scenario where the middle men are indeed capable of convincing forgeries: sneakers. Cardano is working on a supply chain integration there too:

https://beincrypto.com/new-balance-to-use-cardano-technology...

And my wife's students (she's a teacher) are really into their sneakers. They're also largely unaware that chain/web of trust type measures exist at all for validation of product authenticity--but if Nike started doing this, they'd become experts overnight. And then, after school, when offered a sketchy vape product, they might think twice.

Maybe that's a weak argument too. Still, I like the ability to use the same channels you money would flow through to determine if your upcoming purchase came from where you think it did, and I think that that's a capability that's going to be hard for fiat currency to mimic.