Comment on A secret Google deal let Spotify completely bypass Android’s app store fees
___@lemm.ee 11 months ago
This micro-examples are a reminder that corruption is a part of every human system, no matter how perfect the design.
There will always be concertgoers cutting the unwatched fence to sneak in for free.
The only plausible solution is elective transparency. Either your company and financial metadata are available for independent third party review, and records retained as defined, or else you’re not a company.
Don’t ascribe to it, get boycotted.
sv1sjp@lemmy.world 11 months ago
The plausible solution is named Blockchain and smart contracts. Until then…
Uncle_Bagel@midwest.social 11 months ago
Cryptocurrency is the number one vector for scams and money laundering today despite blockchains.
Squizzy@lemmy.world 11 months ago
I’m not cryptobro but I hate that people give out about it’s use in crimes… it’s a currency, it being used in crimes is only evidence of it being used as a currency. All my drugs are bought with euros.
520@kbin.social 11 months ago
That's because transactions can't be rolled back, opening accounts doesn't require identifying info, and there's no possibility of payments being intercepted by a third party.
Sure, fiat can be safer when your bank is being responsible. It can be much more dangerous when they aren't. Just ask a victim of Wells Fargo.
ramble81@lemm.ee 11 months ago
Okay. I’ll answer seriously to this. Blockchain can’t store an entire contract (not within reason). Likewise, contracts will never be made public. So at most you’ll get is a pointer to where the contract is held. The contents of the contract can be changed (though you could put a checksum in the chain too), but that still doesn’t address things. Also if you are concerned about “well no one else has a contract” then all that needs to happen is everyone gets a contract, then the chain is inundated with contracts and all you’d have is a pointer and a checksum and you have no idea what’s in the actual contract.
loke@fedia.io 11 months ago
Not only that. Backroom deals without public documentation has been done since the beginning of humanity.
Even if blockchains were widely used, these things would happen outside the blockhain and no one would be the wiser.
isles@lemmy.world 11 months ago
What do you mean by this? I don’t work directly with blockchain, but it appears Eth has a 12MB block limit, which is 4,800 pages of simple text.
ozymandias117@lemmy.world 11 months ago
A block isn’t a single transaction. It’s way too inefficient to scale that way
A block is a group of transactions
Neato@kbin.social 11 months ago
Blockchain has no viable uses. Append only databases already exist. Distributed databases already exists. It's all a scam.