Good article talking about crypto assets

D

Daal

https://blog.chain.com/a-letter-to-jamie-dimon-de89d417cb80

"
Bottom line: centralized applications beat the pants off decentralized applications on virtually every dimension.

EXCEPT FOR ONE DIMENSION.

And not only are decentralized applications better at this one thing, they are the only way we can achieve it.

What am I referring to?

Censorship resistance.

This is where we come to the elusive signal in the noise.

Censorship resistance means that access to decentralized applications is open and unfettered. Transactions on these services are unstoppable."
 
Daal said:
Bottom line: centralized applications beat the pants off decentralized applications on virtually every dimension.
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I assume you are still using an IBM mainframe? That's nicely centralized :)
 
@Daal I thought that was a very balenced narrative. I like his honesty as to the fact that it is way to early to determine if such, and to what extent decentralised applications are truely in demand by society in the future.
 
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sss12 said:
@Daal I thought that was a very balenced narrative. I like his honesty as to the fact that it is way to early to determine if such, and to what extent decentralised applications are truely in demand by society in the future.
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The dude is obviously talking his own book (well, WE are the killer blockchain app, nobody else built anything useful yet etc). So take it with a brick of salt.
 
sle said:
The dude is obviously talking his own book (well, WE are the killer blockchain app, nobody else built anything useful yet etc). So take it with a brick of salt.
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Oh, definately. The motto of the web site is "we build block chain". By balanced narrative I was referring to his concession that it is not going to be the death of everything that is status quo that some proponents do.
 
sss12 said:
By balanced narrative I was referring to his concession that it is not going to be the death of everything that is status quo that some proponents do.
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There is a definite chance that this could be "the great disruptor" that breaks the world of finance as we know it (e.g. ICOs and coins replacing IPOs and stocks etc). It's a tail event, but than again, people thought that internet was "a bunch of geeks chatting" way back when I first got online.
 
sle said:
There is a definite chance that this could be "the great disruptor" that breaks the world of finance as we know it (e.g. ICOs and coins replacing IPOs and stocks etc). It's a tail event, but than again, people thought that internet was "a bunch of geeks chatting" way back when I first got online.
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It *was* a bunch of geeks!
I got on <1985, and saw only recipes for The Bestest Cheeseburger going by, between the likes of Harvard, MIT, Michigan, and Stanford. I had an *hour-long* W.T.F. moment, and then got off for ~10 years. (I mis-took the traffic for the tool -- I thought it was a powerful waste... much as does the current F.C.C. Hoo-boy. :confused:)
 
sle said:
There is a definite chance that this could be "the great disruptor" that breaks the world of finance as we know it (e.g. ICOs and coins replacing IPOs and stocks etc). It's a tail event, but than again, people thought that internet was "a bunch of geeks chatting" way back when I first got online.
More...


I thought this too at one point, but ETH can't even handle 1 app with crypto kitties without it clogging the whole network.

It would run into the same scaling issues bitcoin has. I see all this talk about blockchain solving everything and have yet to see one tangible product or service to come out of it that works. There are deep issues with scaling that the majority buying in don't even understand.
 
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