Almost as bad as the "Enable new feature? / Not now" options
No, NOT not now; never. Never.
audaxdreik
joined 1 year ago
You're getting downvoted by cryptobros, but you are absolutely correct, there is no good use for block chain and never will be
It's a fully public database among trustless parties. To the first point, there's no reason any database can't be made public if so desired. To the second point, for the block chain to have any meaning or value beyond itself, some authority eventually needs to interpret its contents. That authority might as well hold the database or, in trustless cases, a third party trustee. Nothing about it makes sense at a very base level, you don't even need to explain the tech because it just doesn't hold up logically.
There is a very meaningful difference between humane, highly regulated animal testing and what Musk is doing. Compounding this is the feeling that Musk's high profile is what's letting him get away with this in the first place. He wants to slap his name and face on everything for the credit when it's good, be gets to be the lightning rod when it's not.
There are no legitimate uses, full stop.
As others have pointed out, it's just a fully public database. Its use case is among trustless parties, and that's why it fails. At some point, somebody is going to want to take action off the data and that's going to involve a trusted party enforcing it. Sooo ... just have the trusted party host the data (and make it public if you really care). And if all the parties are truly that trustless, 1) why are they dealing with either and 2) get a third party trustee to broker your deals
I know it's a 45 minute Youtube video, but I love Tom Nicholas and all his stuff is fascinating and worth watching. Check this out as he does a sincere deep dive on it to get an honest answer and it's pretty enlightening! It's actually evolved even in the short time since its inception on the internet.
https://www.youtube.com/watch?v=CmzyGNXxwdo