Comment on Is the blockchain an interesting innovation, aside from cryptocurrencies ?
kool_newt@lemm.ee 1 year ago
I see blockchain technology and it’s potential as analogous to a globally shared spreadsheet where nobody can go back and change history.
Now, just imagine what billions of humans could do if they could all share spreadsheets and know they are accurate?
mryessir@lemmy.sdf.org 1 year ago
What?
I just wrote in Cell A5441 that you owe me 354000,- EUR.
Ownership has to be calculated by all participants, making a Blockchain unneccesary environmental load. You should revisit more reliable sources about the technology.
kool_newt@lemm.ee 1 year ago
Sure, point me to one.
mryessir@lemmy.sdf.org 1 year ago
You would need to start with a literature research. scholar.google.com
tristar@lemmyfly.org 1 year ago
I understand your point but that is the worst attempt at discussion I’ve ever seen lmao
“Too lazy to formulate an argument, look one up yourself”
Buddahriffic@lemmy.world 1 year ago
Cryptocurrency does work. It wasn’t so good at scaling or maintaining a stable price. Or converting between other currencies. Really, it was more of a speculative gambling or money laundering vehicle than a currency, but it can handle transactions. Both sides have to cryptographically sign the transaction (using their wallet’s private key); one side can’t just unilaterally decide that transactions happened and now it’s rich.