Comment on Will AI Startups End Up Like Blockchain Startups?
Nibodhika@lemmy.world 1 week agoYour arguments are nonsense, just because lemmy is a decentralized social network and better than reddit, that doesn’t mean that blockchain is useful for anything.
No, but it means you recognize the usefulness of decentralized platforms.
In what application do you need 0-trust validation of tokens?
An example would be money but others could be international ownership across, e.g. cars.
Also if you use it for money, what happens when you accidentally send the money to the wrong address? Since it’s decentralized no one has the authority to get that money back to you, do they?
Same thing that happens if you give money to the wrong person. Is that an argument against paper money?
kameecoding@lemmy.world 1 week ago
You know you can get your money back if you sent it to the wrong person, right?
Nibodhika@lemmy.world 1 week ago
No you can’t, take a 100 bill and throw it out of a tall building, how do you plan on getting it back? That’s the equivalent of sending Bitcoin to a random address.
But even if you give the bill to a random person you can’t get it back, you might forcefully take it, and even if you sue the person and he’s legally forced to give it back to you he’s not forced to. The exact same is true for Bitcoin, no one can revert a paper money transaction.