@williampietri its because you havent yet realised your existential #blockchAIn needs 🤣
The law generalizes: "do I need any tech bubble that is only engineered to satisfy deranged profit expectations of lazy ignorami "investors" that couldn't care less about any human condition besides growing […]
@janantos It may work, but that's distinct from the question of whether it's necessary. Blockchains are only even theoretically necessary when you don't have a central authority. But a government, which is definitionally a central authority, can use other, more effective, technologies.
@williampietri well blockchain is here used for validation of esignatures, health registry, property registry, etc. I believe Estonian gov knows what they are doing given the fact Estonia is egov leader.
@janantos Your faith that everybody with power makes only rational, optimal decisions is touching, albeit not grounded at all in reality. But I'm telling you straight up that central authorities have better technical options than blockchains, because they don't need the primary thing that both […]
@williampietri while it is not public blockchain there is no PoW and so no big cost profile as crypto. However on the other side it guarantees data integrity in time which is important to gain trust from citizens. Also a lot of Estonian e-gov is open source and design is developed by technology […]
@williampietri interesting - how would you do a hard currency, that is independent from emittends and trusted third parties, that is easy to store & move and is open to almost everyone?
I think that's true but I also want to do it without a middleman. Transfer money easily. Like email. Someday soon hopefully with @Interledger perhaps. But I'd still rather use what we've already got over crypto.
@wjmaggos @docpop @williampietri @Interledger it's an exclusively US banking bug - problems with bank transfers. Europe and at least parts of Asia are doing fine with this, no blockchains etc needed.
Crypto is only great for money laundering, otherwise, what's the point? Crypto is a more […]
@dimpase @wjmaggos @docpop @Interledger For sure. To the success cases, I'd add M-Pesa. Launched at about the same time as bitcoin, it solved the same nominal "e-cash" use case. But it actually works and is widely used in a number of African countries. No blockchain, no need of one.
@williampietri @wjmaggos @docpop @Interledger as a relatively fresh off the boat US resident, I find it truly insane that the easiest way to transfer funds in US is to mail a check.
I gather it's Visa/MasterCard/Amex/PayPal/etc cartel lobbying which prevented and prevents a sane, (almost) free […]
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The law generalizes: "do I need any tech bubble that is only engineered to satisfy deranged profit expectations of lazy ignorami "investors" that couldn't care less about any human condition besides growing […]
And if gaining trust is important, maybe choosing a technology that's a favorite of grifters, fraudsters, cybercriminals, and the Trumps is not […]
No meme coins required.
The Blockchain is an incredibly clever idea, but its only practical applications are scans and crimes.
Typo corrected. Thanks!
I think that's true but I also want to do it without a middleman. Transfer money easily. Like email. Someday soon hopefully with @Interledger perhaps. But I'd still rather use what we've already got over crypto.
Crypto is only great for money laundering, otherwise, what's the point? Crypto is a more […]
I gather it's Visa/MasterCard/Amex/PayPal/etc cartel lobbying which prevented and prevents a sane, (almost) free […]
—Early Blockchain Development
“And I can make it way shittier!”
—Banks and Government