Yet

Yep, this is a huge fucking problem.

Top bad the often proposed suggestion of “let’s just skip right to the end” isn’t actually a solution.

You should read my comment again, that’s not what I said.

I said that in order to send money through the blockchain, it takes more middlemen than just sending money via other systems.

My comment is indeed words, yes.

That’s not a traditional brick at all! You kids these these days with your modern concrete bricks, why in my days, we had to dig up clay from the river and fire bricks in our own kiln before we could… Uhm… build sheds.

That’s from building nuclear weapons though, not power

Don’t skip the betavoltaic battery, (or the brand-name: Betacel), which turns beta-radiation directly into electricity. They used them in the 70s to power pacemakers, since batteries were kinda shit back then, and implanting Prometium into people is just too epic not to do.

Nowadays we have tritium-decay betavoltaic batteries, on satellites, buried or underwater sensors and probably some too secret military stuff.

$500 for a single glass bottle?

Wow, they made Warcraft look like a flash game…

as a layman: A word is a sound or collection of sounds, or a graphic representation thereof, meant to convey a concept.

Merkel is the previous chancelor of Germany, Merkle is a computer scientist ;)

Hash trees are a part of blockchains, but not the entire thing. This is kinda like saying acupuncture isn’t bullshit because needles are useful in real medicine as well.

So, instead of my bank sending money to your bank, I use my bank to send money to a bitcoin broker, then I send the bitcoin, and then their broker sends money to their bank, adding two more middlemen.

Almost every single non-theoretical problem that blockchains solve is something we’ve already solved. And most of the problems you could solve with a blockchains are severely limited by data-size limitations.

It would be amazing if I could decentrally store, say, a movie or videogame on a blockchain. Then, I could sell access tokens, would the owners could resell as they wanted. That’s a GREAT way to use blockchain tech, because people would always have access, and they could use or sell the keys as they wanted. It doens’t work though, because in the real world, that movie doesn’t fit on the blockchain, it’ll just be a link the a secondary source, and the whole thing falls apart.

And that’s really the problem. Blockchains have a lot of nifty uses, but it almost always immediately falls apart around the edges, where it touches on non-blockchain tech, or, even worse, physical objects.

Also, when I try to scam someone using my bankaccount, my bank goes “Uhhh, please show us that this isn’t a scam”. My bitcoin wallet doesn’t care.

Well, you can’t do fractional-reserve banking with bitcoin (or any other coin I know of), so in that way, a “run” on a bitcoin can only ever exhaust the supply. lending out more than you have requires trust, and that’s not available in a blockchain structure.

On the other hand, fractional reserve banking is the foundation of all modern financial systems, so it’s not really a thing we’re going to scrap.

It would be useful for things like deeds and contracts. Instead of having a bank hold it and provide proof you could store it on the blockchain. There are a handful of good uses for it, but it’s generally not useful for the stuff most people think it would be.

Well, yes but no.

There’s a lot of problems with blockchain deeds, and one of the big ones is confirming the first owner. What’s to prevent me from minting a smart-contract that says I own your house? Or that I own a house that doesn’t even exist? In the real world, we’ve solved those problems (and MANY more) with notaries and central registration systems. At the interchange of digital-ownership and real-world, physical assets, you’re always going to need a trusted party to verify that the two match. And at that point, you don’t need the blockchain at all.

I mean, it’s not like the guy has much work to do.

Does it at least take a long time, thereby not entirely ruining my analogy?

We’re all in better Ask Lemmy on .world

Probably the thing about a lemy.ml admin doxing some random user some 25 times. Which is VERY not ok.

You can never stop all import, sanctions only make it harder and more expensive, not impossible.

There’s very little you can do to stop a guy with a truck full of stuff from driving across an empty border with a friendly-ish country.