On Thu, Mar 22, 2018 at 6:40 AM, Hrvoje Lasic <[email protected]> wrote: > I completely disagree. You are mixing block chain and cryptocurrencies.
not entirely > Also, I disagree on second point. We still have ` power at the hands of > central banks, corrupt governments, expensive and flawed judicial systems, > overcharging and underpayment by unethical insurance companies` *This is my > main point, there is no actual business processes implemented.* that's not entirely true... and bear in mind i did say, "it's early days". ripple implements a business process, and cryptokitties definitely implements a business process. > Now this is > all on speculation basis because it is `great technology`. Now is more > about greed then something that can be good for all of us. yes that's very true. like i said: "early days". > Not too mention very inefficient process for exchange that spend way too > much energy, just the opposite what main idea was. Paying with cryptos > looks expensive right now. paying with *bitcoin* looks expensive [but didn't only 2 years ago] > Then fraud practices, literally taking your > money etc, criminal practices etc. These are all valid problems. look at where the fraud primarily occurs: i think you'll find that there's a direct correlation between *central choke-points* and the fraud. oh. sorry, i forgot to add the other qualifier to crypto-currencies / blockchain: *individuals* have to take *direct* responsibility [where previously they could abdicate that responsibility to a third party / central authority]. if they fail to take responsibility, they get ripped off [viruses, lost wallet passwords etc.]. > I think we all agree that blockchain is really good technology but it > should not be about speculation. because the carrot dangling free money in front of people gets them interested like nothing else.... > Also, I am a bit skeptical about how we > are to avoid third parties completely. by designing algorithms that take that into account. Zero Knowledge Proofs, Pederson Committments, proper peer-to-peer distributed protocols and much more. i reiterate: it's early days yet. > Wherever there are humans there > could be disputes, frauds etc. if there is fraud and disputes, then the design of the algorithm has failed and/or the user has not taken proper responsibility. again: i reiterate, it's early days yet. > Then again you need some kind of regulation. if regulation is needed then the design of the algorithm has failed. again, i reiterate: it's early days yet. l. _______________________________________________ arm-netbook mailing list [email protected] http://lists.phcomp.co.uk/mailman/listinfo/arm-netbook Send large attachments to [email protected]
