You have to be driven and use all the free resources you can because there is some kid out there who is and will get the job.
You want to break in, learn mobile programming. Projects and demands still allow newbies off the street to make it. The web is easy but really confusing if you haven't paid attention the past decade. Mobile apps always have something new to fiddle with. Good luck.
If all the payments go trough the BB - you cannot pay for anything
Now even if I'm the lowest of the low I can scrape by a few coins and buy myself a loaf.
They just shut down the world for a year and could already do everything in your list without crypto. Not sure what fear your trying spill but crypto can unlock trillions of dollars and shift power back to people who can't control the current inflation. Look at Monero or ARRR for privacy if you need that thing. What are you buying that is so private anyway, most needs for privacy is when it's for something nefarious.
> What are you buying that is so private anyway, most needs for privacy is when it's for something nefarious.
Nothing, I think we are tracked enough with private companies, but they are restricted in their actions by the law. Governments are able to change the law and have all the power they want to make you respect them. People are free as long as they can decide how they allocate their purchasing power. I think democracies are fragile, and if people don't defend their liberties, when those liberties are removed, they won't be able to get them back that easily. And as you said, it can ha pend very fast.
With the current situation, it is possible to trace your history if you are suspected of something, I think this is fine. But tracing everybody permanently open the doors to tyranny.
Also I don't think crypto is a solution if only a extremely low percentage of the population is using it, specially if it becomes outlawed.
The fact people are jumping through the hoops and hoopla now show that it's possible. Could you imagine if we still used dial up to access the Internet, some people actually do so tech being difficult is a given for first generation offerings.
Not the same idea at all. An NFT doesn't allow you to control the use of anything. It'd be analogous if a patent allowed you to authoritatively claim you were the first person to patent it (at least on that specific blockchain), but didn't grant you any exclusive right to use of the idea.
Who would have a legal base to hold an image of a site?
Indeed. The copyright owner if there is one and then probably the site holder.
There's no single lawful correlation between NFT's and the real world. And people are literally buying this, they don't even know what they are buying.
The author makes no mention of immutability or the contrast between a sql database. The author misses the point for which a blockchain db is more useful for recording a record of history and the lineage of any subsequent transactions or transfers. I never even saw a real argument as to why enterprises shouldn't use it.
Furthermore the analogy with the birth certificate is misleading. The blockchain doesn't determine your dob, the person who enters it does, and now it can't be altered later and if it does there's a record of it.
Blockchain is really just an ultra logging mechanism that's already setup where you would have to design that setup yourself in sql. Throw in immutability and voila you have something that is designed to be more dependable and trustworthy.
Isn't the entire point of this article that we want mutability? Sometimes a record is wrong and needs to be corrected. A blockchain works when the only facts it records are completely dependent on the blockchain itself. If you're trying to record facts about the world, the actual world is the authoritative source. The author's point seems to be blockchain is not likely to work for applications in which a misrecorded or forged fact would require you to discard the entire blockchain and start over if it was discovered. It only works when the facts you care about are facts about the blockchain itself.
Those changes you speak of in the real world should be recorded and would be the purpose of blockchain to have those errors included. Then you have the real history, not what someone else decided to erase and replace with what they now believe to be accurate.
You can have immutability with an append only log.
What's key in btc is the network and the consensus which gives strength to the immutability claim.
If you have trust (eg. with a centralised system) you don't need consensus.
A commercial system is likely offered by a company who has stakes in the operation and can therefore provide trust without wasting all that energy and without consensus.
Then the author should only be making the claim against consensus for validation. Why would a private org need a public consensus, that is obvious. Take a look at Amazon QLDB, enterprises can make use of blockchains because sql doesn't connect the dots as well. Developers have to write the code that creates the connections between data. Blockchain has dots that are already connected in a sense, that's how it already is. Now it's more than a log, it is a real representation, because of the age, kind of like domain names. Their value increases over time though they are the same thing and only exist digitally or ina database.
Literally everything you just said is what the article argues about. You skimmed it and missed the point. Theres nothing blockchain can do more special than a decently setup relational DB, except burn a hell whole lot more energy. Blockchain wins, handsdown on the being ineffienct race. Puts bureaucrats to shame.
It's an amazing spin, attempting to move away from the point of contention which you can't defend. This type of rhetoric hooks poor unhappy/angry people right in. All just so you can make some quick cash.
Don't pretend that crypto will even attempt to solve any of those issues. It's yet another method to transfer wealth out of poor people's pockets.
Defend crypto? Dude the blockchain database is what's going to change things. The coins aren't the technological revolution happening. The storage of information and its reliability is what is important here. You're just mad because it's replacing your old ways which you cannot defend.
While there are many issues surrounding our banking industry, the way it manages currencies is far superior to how any of the crypto currencies work.
Fraud prevention, fraud reversibility, low fees, transaction rate, simplicity. Reliability is fine as well, I don't get the issue?
Keeping transactions publicly in the blockchain is probably one of the worst things that could happen to privacy.
I've read Bitcoin's paper back in ~2011, played with it's implementation a bit, so I'm well aware of what the blockchain is. It does NOT solve anything meaningful, it's not nearly as special as layman make it out to be.
Once again you're using one coin to represent the entire industry. You don't understand the technology and how it will penetrate every sector of society. Bitcoin is the KittyHawk of aviation. Yah no one flies the original plane anymore but it started an industrial revolution. And you are very much wrong on your assumptions on our current international money moving system. The benefits will be tremendous and is very much in play, go ask the central banks of France or Japan. You're missing out on what is happening right in front of your eyes.
> You don't understand the technology and how it will penetrate every sector of society. Bitcoin is the KittyHawk of aviation. Yah no one flies the original plane anymore but it started an industrial revolution.
I feel like you're about five years late to the blockchain-will-change-everything bandwagon.
Also your chronology is all wrong. The industrial revolution started well before 1903.
Sounds like you were five years too early. And prepandemic I would agree with you. Today I can't.
I also said "an industrial revolution" and not "The Industrial Revolution". But I'm glad you could no longer argue the validity of crypto currencies and the implications of mass adoption and use.
You don't work in finance, blockchain can solve a lot just look at Amazon QLDB, looks like it can solve quite a bit. And now you just sound jealous and very regretful.
Yeah, don't speculate in anything high risk. Leave that to important people. Instead, just consoom and spend your stimulus on business suits and concert tickets.
These people cannot stand the idea of speculative investments (such as DeFI) being available to the unwashed masses. Understandable, the author is a Financial Advisor after all and benefits from the impression that investing is some mystical voodoo that only Trained Professionals™ can do.
