Topic: My Love For Blockchain (Read 270 times)

what can blockchain do outside of bitcoin? share with us your wisdom and year long studies

i just read the linked article and i want to respond to most of the points mentioned in that article. although first: like most newspapers the words can, maybe and potentially are used. i agree, potentially everything ist possible, that is why i don't trust such newspapers/publications just from reading the headlines or some sentences

1. verifying provenance: the blockchain can not verify provenance cause everyone can write to it and you have to trust that someone who writes to it. that means you can skip the blockchain and just trust that someone. no?
2. maintaining online identity and reputation: this works already for example in this forum, you have a username and some reputation (in the form of merits, ranks and also people know you). the post did not mention (or i don't unterstand) how blockchain could help with the challenges any identity and reputation system has
3. incentivizing high-quality content: well, paying someone for accurate information and taking away for inaccurate information. good idea, but can just be done with bitcoin. or what do i miss? how does a smart contract help here? also who verifies that the information is accurate?

really interested in your opinion @Dakota Barnett

I don't really engage in conversations that originate from an assumption without any basis; however, I've been studying blockchains for a few years now. I understand a wide range of what the technology is, can do, and its limitations. I've built my own chain and written my own whitepaper, which doesn't make anybody an expert by any means whatsoever, but I do believe it should show that I have taken my time to learn and study the technical aspects of the technology.

If introducing the idea of blending blockchain technology with social sciences and institutions is what made you think I, for some reason, haven't done any research, then I definitely recommend checking out: https://hbr.org/2021/07/how-blockchain-can-help-combat-disinformation. I believe it provides an interesting read, nonetheless.

Well nice story or information passed but I don’t think you have made a great research about blockchain just like you have claimed to have after all this years, please I will advice that you truly understand what a blockchain is or you can actually ask questions more on the forum for proper advice.

What's wrong with wikipedia quotes? If you have better ones, let me know.
Every hash function is a form of encryption, so you might want to brush up on the terminology a bit.
Trying to find sources that support YOUR claims isn't something I want to waste my time on.

ah come on - throwing wikipedia links at me... tell me where the encryption happens on the blockchain and try to find other sources of blockchains and you will find that at least one blockchain was around in 1991

That's not what I'm saying.


I'm pretty sure you're wrong.

https://en.wikipedia.org/wiki/Blockchain

now you are saying blockchain is not innovative, cause blockchain is nothing new, it exists since around 1991

which encryption techniques? i am pretty sure nothing on the blockchain is encrypted

Definition of innovative
adjective
(of a product, idea, etc.) featuring new methods; advanced and original. [Oxford English Dictionary]
tending to innovate, or introduce something new or different; characterized by innovation. [dictionary.com]


Yes, I'm sure. Blockchain consists of transactions that are secured with hashing and encryption techniques.

I see a world where blockchain technology can one day be used to implement fairer and consistent criminal justice and legal system. I see a world where blockchain technology can help improve the pharmaceutical and prescription practices that hurt many communities.
[/quote]
Commodity traceability and authenticity verification, traditional companies have introduced certificates that can verify the authenticity of commodities, and users can inquire online, while the distributed encrypted blockchain technology does not have much added value. In terms of custody, although smart contracts can automatically complete the payment of goods without a third-party confirmation, the supervision of whether the goods are delivered on schedule still requires the existence of a trusted institution.
Blockchain's smart contracts and all-digital recording methods can replace traditional domain name hosting services. However, in reality, after the use of blockchain technology, domain name thefts and impersonation are frequent. When smart contracts are hacked and domain accounts are stolen, we need a method that can "surpass" the distributed record of the blockchain. On the way.

This is my current opinion that blockchain does not solve the problem perfectly.

something isn't innovative because it is innovative. how is blockchain more efficient than traditional ledgers? which traditional ledgers? i would argue that a piece of paper is more efficient in beeing a ledger than a blockchain

decentralization doesn't mean security. are you sure the blockchain is encrypted?

If I may add a few words here...

1. In my opinion, Blockchain is innovative in its own right. It has its weak points, obviously, and I would say it's more expensive than traditional ledgers, but it's also more efficient and much more secure.

2. This is because it is decentralized, encrypted, and cross-checked, and thus almost 100% tamperproof.

what is innovative in a project that uses blockchain technology?

which good service you wanted to utilize?

how is data more secure on a blockchain?

how do you know that blockchain technology is the future?

The concept of bitcoin and cryptocurrencies are honestly a lot more than an append-only database. Just like how you can love the world wide web without even giving any recognition to WAMP/LAMP servers. This is an easy no for me.

1. In most cases, the cryptocurrency purchase would help support a project that I believe is innovative and helps further the adoption of blockchain technology. Otherwise, the project provided a good service that I wanted to utilize but needed their native token in order to pay the network fees.

2. In a nutshell, the fact that we now have a means to make data more secure and yet publicly verifiable. I believe there are significant use-cases still to be explored and discovered.


We'll need to organize a longer conversation for me to really answer that question. In short, I believe that it will be the foundation for a society of decentralized information and cross-network communications. In turn, this can help to enforce the credibility of news and fight misinformation. I believe that it could be used to establish a fairer legal system; one where punishments and verdicts are based upon a decentralized database of records and case history. Who knows?

I know blockchain technology is the future, and I'm here to embrace it!

Since you are a developer what do you think the Blockchain will revolutionize? 
 
Everyone that has signed up on this forum is that database loving weirdo.

It's nice to see people who are fascinated with technology and who don't just see profit in everything around them - but want to change the world for the better with technology. This forum can certainly help you a lot to learn some new things and maybe find people who think similarly, although you shouldn't expect too much - it's always good to be realistic no matter how enthusiastic you are about something.

A little advice regarding personal data, it is not wise to present it publicly because there are a lot of bad people who could use it in some way - you can edit your post and remove some parts if you want - bitcointalk members (at least some) highly value their private information.

welcome to the forum

1. why did you buy other cryptocurrencies besides bitcoin?
2. what fascinates you about "the blockchain"?

(yes i read your post and you see a world where blockchain will be used for a fair justice and legal system - but how?)

Hello everyone, my name is Dakota Barnett. I've been a developer for a few years now, however only as a hobby. In the past, I've worked in the public sector as an assistant to a Governor, in charge of constituent services (politics exhausts me, my job was to help the citizens of my state with n problem they were facing), and I worked as the director of customer support for an e-commerce company that sells trees and plants online. As of the past year, I've been addicted to blockchain technology.

I'm usually awkward when it comes to blind introductions, but I wanted to share what brought me here: my love for blockchain technology and my vision for how it will change the future. For a long time, I shied away from this forum because I felt somewhat like an imposter or poser because I wasn't involved with or interested in Bitcoin earlier on. The first time I was introduced to Bitcoin was when I was 16 years old when my local pizza shop started accepting it as payment. I was instantly curious and wanted to learn more about how this new digital currency functioned, but unfortunately, poverty and a bit of personal ignorance kept me from buying some for myself all those years ago. I watched the news headlines over the years with awe and excitement over the tremendous adoption and growth of Bitcoin, but it wasn't until about a year ago that I actually started buying Bitcoin and other cryptocurrencies. Most people would think that it's the wealth people have been accumulating that attracted me into the crypto space wholeheartedly, but they'd be wrong. Money doesn't exactly fill me with excitement, technology does. For nearly a year now, I've been hooked to the advancements and possibilities in blockchain technology.

Parts II and III of Torsten Hoffmann's CRYPTOPIA - Bitcoin, Blockchains and the future of the internet is a phenomenal source for perspective on the greater implications of blockchain technology; however, to elaborate further, I see a world where blockchain technology can go farther than just reformatting the world of physical technology and asset ownership. I see a world where blockchain technology can one day be used to implement fairer and consistent criminal justice and legal system. I see a world where blockchain technology can help improve the pharmaceutical and prescription practices that hurt many communities. I see a world beyond advancements I can even imagine. I am so grateful that we live in the era that we live in because I truly believe that it is a world of innovative wonder.

I'm new here, but would love to hear what other people are thinking!