On Thu, Mar 22, 2018 at 6:40 AM, Hrvoje Lasic lasich@gmail.com wrote:
I completely disagree. You are mixing block chain and cryptocurrencies.
not entirely
Also, I disagree on second point. We still have ` power at the hands of central banks, corrupt governments, expensive and flawed judicial systems, overcharging and underpayment by unethical insurance companies` *This is my main point, there is no actual business processes implemented.*
that's not entirely true... and bear in mind i did say, "it's early days". ripple implements a business process, and cryptokitties definitely implements a business process.
Now this is all on speculation basis because it is `great technology`. Now is more about greed then something that can be good for all of us.
yes that's very true. like i said: "early days".
Not too mention very inefficient process for exchange that spend way too much energy, just the opposite what main idea was. Paying with cryptos looks expensive right now.
paying with *bitcoin* looks expensive [but didn't only 2 years ago]
Then fraud practices, literally taking your money etc, criminal practices etc. These are all valid problems.
look at where the fraud primarily occurs: i think you'll find that there's a direct correlation between *central choke-points* and the fraud. oh. sorry, i forgot to add the other qualifier to crypto-currencies / blockchain: *individuals* have to take *direct* responsibility [where previously they could abdicate that responsibility to a third party / central authority]. if they fail to take responsibility, they get ripped off [viruses, lost wallet passwords etc.].
I think we all agree that blockchain is really good technology but it should not be about speculation.
because the carrot dangling free money in front of people gets them interested like nothing else....
Also, I am a bit skeptical about how we are to avoid third parties completely.
by designing algorithms that take that into account. Zero Knowledge Proofs, Pederson Committments, proper peer-to-peer distributed protocols and much more. i reiterate: it's early days yet.
Wherever there are humans there could be disputes, frauds etc.
if there is fraud and disputes, then the design of the algorithm has failed and/or the user has not taken proper responsibility. again: i reiterate, it's early days yet.
Then again you need some kind of regulation.
if regulation is needed then the design of the algorithm has failed. again, i reiterate: it's early days yet.
l.