Re:What in the Ethereum application ecosystem excites me
by kybernetikos on Wednesday December 07, 2022 @04:38AM
(#33892434)
My example was a situation where we would benefit from a public blockchain solution in terms of more efficient administration, but were unable to use it because of ecological concerns. In that situation we already needed the product, and the improvement removes a barrier.
Re:What in the Ethereum application ecosystem excites me
by hiq on Wednesday December 07, 2022 @05:30AM
(#33892779)
> a situation where we would benefit from a public blockchain solution in terms of more efficient administration
That's what I'm doubting. Ecological concerns etc. are a problem, but in my experience public blockchain solutions fail earlier, at the stage where one asks "would there be any benefit" before asking what the costs might be.
Re:What in the Ethereum application ecosystem excites me
by kybernetikos on Wednesday December 07, 2022 @06:01AM
(#33892977)
Then we have different experiences.
If anything, large financial institutions have by now realized that they're not interested in public blockchains[0], one notable example as of late being the Australian Securities Exchange[1].
These technical improvements are a bit as if a salesman reduced the price of a product, on top of free delivery. That's nice, sure, but that doesn't mean you need the product any more than before. There are more fundamental reasons why smart contracts are not widely used, and they're not addressed by these technical improvements.
[0]: as defined in https://www.schneier.com/essays/archives/2019/02/theres_no_g... [1]: https://www.reuters.com/technology/australian-securities-exc...