It has incredible potential according to all the 12 year olds financial advisors of tiktok. Please go waste your life trying to solve problems with crypto and leave the rest of us alone.

LOL - can't disrespect the 12 yo who just told me to buy AlphaGenMoon Coin to 100x my investment in 10 days.

No.

    Better database for specific industries (financial data?) -
    Core value is not relying on third-party servers by using IPFS

So instead of relying on a third-party with a contract, they'd instead rely on a peer-to-peer network with no SLA? LOL

    Better authentication (the in-browser wallet auth is smooth!)

Oh, it's plenty smooth alright - seems like a day doesn't go by without somebody's apes getting snatched with just a phishing email. Nope.

    Potentially a better way to host critical code functions on smart contracts w/ Oracles

ROFL, see how THAT turned out for all the DeFi projects that have been blown up with either oracle exploits or misconfigured smart contracts this year.

alright, I don't fully disagree with this sentiment.

on (2), isn't that an application-layer fix? i.e build better/more secure wallets.

the underlying identity system with addresses seems useful is what I meant. I like to think of interesting access control systems that can be built upon this. using a wallet's ownership data/activity, you can assign access/rights.

No.

No.

Since you're big on privacy, do you see potential value in better user data systems created on distributed networks?

Probably along these lines: https://ieeexplore.ieee.org/abstract/document/7163223

There's a lot of cool privacy stuff you can do with zero-knowledge tech (not necessarily blockchain) but the biggest problem is that companies can just... not adopt that tech because they'd make less money.

i see. that's a game theory lens.

while it probably makes sense for certain consumer data companies, do you think about cases where poor data security/privacy actually harms the company? eg: when sensitive company data gets leaked during third-party interactions?

Then you get into the fact that the tech is really complex and slow so the cost doesn't offset the benefits.

well, bringing the cost down is probably just a matter of time, isn't it?

what i think is more important is finding form factors of using zK that make sense to enterprises. from outgoing api calls to file sharing, the scope of vulnerabilities is extremely large.

I stopped believing in privacy when the Canadian Gov froze bitcoin of protesters.

Regardless of my stance on the issue, it IMHO invalidated most of what bitcoin stood for (in my mind)

Bitcoin cannot be frozen by governments, if you control your private key. It's math.

No.

It's an interesting tech demo for a very niche use case: when you need both a decentralized database and a way to avoid editing history (e.g. "double-spending"). All of the uses you mentioned only need one or the other. If you need to keep track of transactions like a ledger, it's trivial to use a normal, centralized database with a published transaction log for trust-free audits. That gets you protection against double-spending without any of the inefficiency of blockchain tech. For the other side, you can have something like bittorrent or IPFS (which is not blockchain tech, BTW) where there is no central gatekeeper, but rewriting history doesn't matter. There's just darn little in that intersection of the Venn diagram.

care to elaborate more on what you see does exist at that intersection?

No.

snakeoil

Blockchain is a buzzword, used to trick VCs to pour money in shady bizs.

Blockchain is only good for what Bitcoin does, namely, a distributed ledger for unstoppable, permissionless transactions between peers.

Without a trusted third-party acting as a middle-man.

Is that not enough?

I would say there is a lot of potential. I think in ten years every enterprise product, and major websites will have some kind of blockchain associated

Crypto, reputation, hosting, authentication, spam, advertising, captcha, auditing, consensus... Blockchain is more than just crypto