Wednesday, 3 January 2018

Ten years in, nobody has come up with a use for blockchain

quote [ Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change EVERYTHING. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain—besides currency speculation and illegal transactions. ]

To be fair, the blockchain has become an excellent demonstration for how and why the value of a "currency" is dependent on the healthy and stable infrastructure of that currency's "society." Sadly, that lesson seems to be completely lost on the people who are typically gungho about the blockchain.
[SFW] [science & technology] [+4 Underrated]
[by raphael_the_turtle]
<-- Entry / Comment History

LurkerAtTheGate said @ 3:57am GMT on 4th January
Blockchain voting system. Idea I want to fiddle with in my spare time if I ever get any. Probably would never be used precisely because it would be more secure than what we've got, but wheee side project.

LurkerAtTheGate said @ 4:08am GMT on 4th January
Blockchain voting system. Idea I want to fiddle with in my spare time if I ever get any. Probably would never be used precisely because it would be more secure than what we've got, but wheee side project. Ok so the article kind of addresses it - an election with lots of attention should be fairly easy to ensure a lack of foul play...except that we still get an awful lot of recounts. Plus there are a lot of voting system outside the political arena - ex: stockholder votes. There are some companies that still do that shit by phone and paper, amazingly. Seed a new chain, voters with verified identity get a key, cast a vote, results tallied and verified against other ledgers, vote is recorded and chain is dropped.


<-- Entry / Current Comment
LurkerAtTheGate said @ 3:57am GMT on 4th January
Blockchain voting system. Idea I want to fiddle with in my spare time if I ever get any. Probably would never be used precisely because it would be more secure than what we've got, but wheee side project. Ok so the article kind of addresses it - an election with lots of attention should be fairly easy to ensure a lack of foul play...except that we still get an awful lot of recounts. Plus there are a lot of voting system outside the political arena - ex: stockholder votes. There are some companies that still do that shit by phone and paper, amazingly. Seed a new chain, voters with verified identity get a key, cast a vote, results tallied and verified against other ledgers, vote is recorded and chain is dropped.



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