xlc0212
Laminar builds decentralized finance protocols for blockchains. We are in a unique position to bridge the users and players in both mainstream finance and the blockchain world, to enable more open, more inclusive, more secure and better finance experience of the future. Laminar has a small but growing team of developers dedicated to building blockchain applications using Substrate and other blockchain technologies.
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The most decentralized and trussfree system right now is probably Bitcoin, which I wouldn’t say it is decentralized on day 1. But it is the fundamental of what we have today (which I admit it isn’t that much), and what we can achieve tomorrow. It is the potential excites me.
People doesn’t need to trust FB, or any other companies relates to FB. But you can audit the open sourced code and evaluate how much do you want to trust the code. This is simply not possible with traditional technologies. So I will say it is a net improvement. As long as it is not a regression, I want to see it happen.
I don’t understand this. They could lost all their market in China which is not a small number and in return, long-term financially, nothing. It is not like Chinese people can’t live without it. There are more than enough entertainments for Chinese people to enjoy.
Disclaimer: I work for a company building a blockchain ecosystem.
It is not the silver bullet that magically solves all the problems, but it does improves few areas compare to other technologies, which are decentralization and distribution.
Distribution is a mostly solved problem as we have many distributed database available so I won't go into details about it.
Decentralization, is the core attribute of any blockchain technologies. No single entity needs to be trusted, instead the user have freedom to decide who to trust. In terms of currency, user do no need to trust a bank. He get to decide to choose which wallet app he trust (which itself is not an easy decision), which node implementation he trust, which blockchain protocol he trust. Or alternatively he may be able to create his own implementation if there are no reputable implementations available. This is not the case of banks. I am forced to use whatever mobile app the bank offers. I can't use an alternative implementation (at least no banks in my country allows). It have very limited (most of the time, zero) extensibility and customizability. I can't simply create a bank because I don't trust other banks. As a user, I don't have a choice.
Blockchain technology does not solve the trust issue (track operator can fool the sensor to make it report false information), but it provides full transparent and allow user to choose who he trusts.
No blockchain can't prevent dishonest seller make a copy of a real bottle with a token and fill with low quality wine. But user can see who issues this token and able to decide never buy wine from this sellers again. The problem is still not solved, but you cannot say blockchain does not improve the situation here. Yes centralized technology can help as well, but the user have to trust the centralized technology provider and the wine seller. In this case the centralized technology provider will have a large leverage on both the seller and customer. And we know it can be bad if a single entity have too much power (e.g. Facebook, Google).
Yes, there are too many hypes on blockchain technologies. No, blockchain technologies are not useless. It gives the power back to consumer, instead of controlled by a few large entity.