On 03/02/2018 09:17 PM, Morlock Elloi wrote:
That article is technical nonsense. 'Blockchain' that has PoW
consisting of 1.6 second of handset CPU is trivial to fake. And where
is the consensus? Car does the same? Or is car running 500KW GPU
cluster doing hash verified by ... who? Cheap PoW ("Proof of Work") is
contradiction in terms.
The good thing about the Blockchain-based dystopian visions is that they
won't ever actually come to pass. Blockchain is impractical and useless
from a technical point of view. It's pure hype and nothing more.
This is actually a good illustration of utter bullshit that passes for
We need blockchain powered nettime! BLOCKTIME!
On the other hand, the bad thing about the Blockchain-based dystopian
visions is that everything bad that you could conceivably do with a
Blockchain you could do better and much more efficiently with an
So there are definitely reasons to worry about the future surveillance
nightmare, but Blockchain is not one of those reasons, because it won't
ever make much of a difference in the technological sense. Its hype
might, but Blockchain itself is useless outside the realm of
cryptocurrencies. I say that as someone whose background is in
technology, specifically computer science.
# distributed via <nettime>: no commercial use without permission
# <nettime> is a moderated mailing list for net criticism,
# collaborative text filtering and cultural politics of the nets
# more info: http://mx.kein.org/mailman/listinfo/nettime-l
# archive: http://www.nettime.org contact: nett...@kein.org
# @nettime_bot tweets mail w/ sender unless #ANON is in Subject: