Comment on Will AI Startups End Up Like Blockchain Startups?

• Nibodhika@lemmy.world ⁨2⁩ ⁨months⁩ ago

  First of all no technology is the only way to solve a problem, for example Lemmy and Reddit essentially solve the same problem except one is open source decentralized and the other is centralized and closed source. With that in mind, Blockchains solve the decentralized 0-trust validation of tokens, which can be used for anything you might need a token for, e.g. money or proof of ownership. Sure, you can do that in a centralized manner, but the fact that we’re having this discussion over Lemmy instead of Reddit should be enough of a proof to you of why you can’t always rely on centralized solutions. If you have any other technology that solves tokens in a decentralized 0-trust way I would love to hear about it.

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  • kameecoding@lemmy.world ⁨2⁩ ⁨months⁩ ago

    [deleted]

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    • Nibodhika@lemmy.world ⁨2⁩ ⁨months⁩ ago

      Your arguments are nonsense, just because lemmy is a decentralized social network and better than reddit, that doesn’t mean that blockchain is useful for anything.

      No, but it means you recognize the usefulness of decentralized platforms.

      In what application do you need 0-trust validation of tokens?

      An example would be money but others could be international ownership across, e.g. cars.

      Also if you use it for money, what happens when you accidentally send the money to the wrong address? Since it’s decentralized no one has the authority to get that money back to you, do they?

      Same thing that happens if you give money to the wrong person. Is that an argument against paper money?

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      • kameecoding@lemmy.world ⁨2⁩ ⁨months⁩ ago

        [deleted]

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• iii@mander.xyz ⁨2⁩ ⁨months⁩ ago

  An inflation free currency

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  • kameecoding@lemmy.world ⁨2⁩ ⁨months⁩ ago

    That’s not a good thing, also not a currency.

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    • iii@mander.xyz ⁨2⁩ ⁨months⁩ ago

      It’s one real life application that blockchain solves, just like you asked.

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