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A comment on Blockchain: Is it all about cryptocurrency?.

Re:Blockchain: Is it all about cryptocurrency? by smoldesu on Saturday November 19, 2022 @12:59PM (#33672709)
Adding to a public ledger needs some mechanism to deter people from junking up the system for everyone. In Bitcoin/other crypto, that's mostly represented as a flat "gas" fee that is added on top of your transaction. This is also easy to control because the only thing Bitcoin is storing is account balances. For pretty much everything that isn't solely relegated to storing numbers, moderation becomes an immediate issue since everything is immutable.

So, yeah, I think it is all about cryptocurrency. Trying to build anything other than a public bean-counter would probably prove insurmountable.

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Re:Blockchain: Is it all about cryptocurrency? by alegeaa on Saturday November 19, 2022 @01:12PM (#33672895)
Yeah, I guess something needs to be done. Blockchain is powerful, but it seems to not be reaching its potential. Cryptocurrency seriously is denting its image. Sadly.
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Re:Blockchain: Is it all about cryptocurrency? by smoldesu on Saturday November 19, 2022 @01:25PM (#33673045)
Cryptocurrency is the blockchain's image, though. It's the posterchild, the most dead-simple distributed system to implement. You don't need variable-width ledger entries or complicated typing schemes, you just need numbers and a distributed CSV file. All of the successful distributed technologies (I2P, Matrix, Bittorrent) have proven that blockchains are totally unnecessary for modern distributed systems.
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Re:Blockchain: Is it all about cryptocurrency? by alegeaa on Saturday November 19, 2022 @05:02PM (#33675244)
Well, I hope I can prove them wrong. xD
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Re:Blockchain: Is it all about cryptocurrency? by alegeaa on Saturday November 19, 2022 @05:03PM (#33675262)
I have a conviction that blockchain can do a lot more good than just cryptocurrency if implemented carefully.
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Re:Blockchain: Is it all about cryptocurrency? by smoldesu on Saturday November 19, 2022 @05:15PM (#33675384)
How do you intend to prove that?
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Re:Blockchain: Is it all about cryptocurrency? by alegeaa on Saturday November 19, 2022 @05:41PM (#33675633)
By building one. Still testing the hypothesis but I believe it's possible, and it will work. xD
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