this post was submitted on 25 Dec 2023
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Bωockchain

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bwockchain is not a technology of the future, buttcoin is a scam.

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[–] fartsparkles@sh.itjust.works 46 points 8 months ago (1 children)

What are you on about? Accelerating global warming so that I can own a reference to a hyperlink to a JPG of a monkey wearing a top hat is absolutely a fantastic use case for blockchain!

[–] tracyspcy@lemmy.ml 2 points 8 months ago

You are welcome :)

[–] Addition@sh.itjust.works 22 points 8 months ago

No use case? Someone clearly hasn't bought their drugs online.

[–] cynar@lemmy.world 7 points 8 months ago (2 children)

To be fair, there are plans for a (international) bank exchange system based on Blockchain. Right now it's either things like "Swift", trust, or physically shipping gold.

Blockchain allows for a system where they just have to trust the system, as a whole, and not individual banks, or the governments above them.

This is the only useful use for block chain I've seen, that isn't better served in another way.

[–] tracyspcy@lemmy.ml 1 points 8 months ago

So one clear use case is to have a plan to have a use case? Totally legit

[–] PunkFlame@lemmy.ml 7 points 8 months ago (1 children)

But surely this is good for Bitcoin?

[–] tracyspcy@lemmy.ml 2 points 8 months ago

It is always unclear

[–] azimir@lemmy.ml 5 points 8 months ago

There's plenty of uses for blockchains, but it's almost all about document validation and contract non-repudiation (boring bureaucratic things), not so much for commodities ("currency") and copyright enforcement (NFTs).

[–] momocchi@lemmy.world 3 points 8 months ago (1 children)

There are uses for blockchain for internal company ledgers on a small scale. its just the standard style with crypto that is only useful for global warming.

[–] tracyspcy@lemmy.ml 9 points 8 months ago (1 children)

Append only databases are pretty common thing , thats true. Never heard of internal enterprise blockchains though

[–] momocchi@lemmy.world 7 points 8 months ago

They certainly exists and have their place but yeah not the life changing technology the cryptobros like to push it as

[–] notabot@lemm.ee 2 points 8 months ago

There are uses for 'blockchain' based systems, for instance git uses what is effectively a blockchain to store commits. The big difference is, rather than using proof-of-work or proof-of-funds to maintain consistently, if you break the upstream repository 'Mad' Dave over there, who is trying to push his changes before the weekend will beat you with an Ethernet cable until you regret your ways.

[–] BarrelAgedBoredom@lemm.ee 1 points 8 months ago

Are drugs a use case? Cause I'm pretty sure it's just for drugs