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A comment on It’s not still the early days of blockchain. Parent comment

Re:It’s not still the early days of blockchain by lunch on Saturday January 15, 2022 @01:20AM (#29944072)
> Blockchains are good when there's a lack of trust and decentralization is absolutely necessary. There are very few problems that actually need a blockchain.

How about the current status quo of the Internet? Do you think being mined, sold, and endlessly tracked is OK?

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Re:It’s not still the early days of blockchain by xmprt on Saturday January 15, 2022 @01:24AM (#29944086)
No. But you don't need blockchain to solve that. Things like BitTorrent work perfectly fine without the needless blockchain element.
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Re:It’s not still the early days of blockchain by lunch on Saturday January 15, 2022 @01:29AM (#29944118)
BitTorrent is wonderful for sharing information, but it's not really a platform to build on. Something like Ethereum on the other hand is literally a decentralized computer that no single entity controls. The blockchain part enables this.
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Re:It’s not still the early days of blockchain by cuteboy19 on Saturday January 15, 2022 @01:40AM (#29944185)
a "decentralized"[0] ""computer"" which is less powerful than a 9 year old rasberry pi. is this not the definition of hype?

[0]: https://thenextweb.com/news/ethereum-nodes-cloud-services-am....

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Re:It’s not still the early days of blockchain by kelnos on Saturday January 15, 2022 @01:30AM (#29944127)
It's not, but blockchains don't magically fix that. And the "web3" stuff built so far is still pretty centralized and could include that same tracking if the incumbents so chose.
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Re:It’s not still the early days of blockchain by lunch on Saturday January 15, 2022 @01:42AM (#29944204)
Of course a blockchain doesn't magically fix anything, it's a distributed log. But a decentralized distributed log is a great building block for something that isn't owned by FAANG.
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Re:It’s not still the early days of blockchain by kelnos on Saturday January 15, 2022 @02:07AM (#29944348)
Right... and based on the second half of my comment, I don't believe anyone has actually successfully done the second half of your comment.
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Re:It’s not still the early days of blockchain by bbddg on Saturday January 15, 2022 @02:48AM (#29944576)
I don't want to be tracked so I'm going to put everything in a public ledger.
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