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A comment on What Problem Blockchains Solve. Parent comment

Re:What Problem Blockchains Solve by dmitriid on Wednesday December 22, 2021 @02:43AM (#29646526)
1. They don't work outside blockchain

2. You've replaced a natural language that people understand with a program in an esoteric programming language

How is this a unique solution etc.?

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Re:What Problem Blockchains Solve by okokwhatever on Wednesday December 22, 2021 @03:07AM (#29646677)
Two words: Cost, Speed. One concept: Kill the middleman

Easy, next one.

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Re:What Problem Blockchains Solve by dmitriid on Wednesday December 22, 2021 @03:09AM (#29646692)
> Two words: Cost, Speed

- Extremely costly

- Very slow

> One concept: Kill the middlemain

You're not killing middlemen. The moment you step outside blockchain, you need middlemen.

When you need someone to verify that this esoteric code actually encodes you contract, you need middlemen. etc.

> Easy, next one.

If you ignore reality, everything is easy, sure.

BTW. Contracts-as-code have been done since computers became a thing.

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Re:What Problem Blockchains Solve by arcticbull on Wednesday December 22, 2021 @03:14AM (#29646722)
As a general rule, middlemen provide value, which is why they exist. If they didn't we'd just disintermediate them.

We have a mechanism for getting rid of useless middlemen already, it's called capitalism. It's by no means perfect, of course, but the incentive to remove middlemen is codified in cold hard cash and shareholder value.

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