Comment by talldayo
1 year ago
I could go on for literal days. The blockchain isn't a panacea, and rationally most solutions don't ultimately settle on a bespoke transactional network with audited consensus protocols. It is stupid, overdesigned, and as a sign of its poor fitness it dies over time. I'm not relaying some "evil villain" speech from someone that wants to see decentralized services die, this is a reality check from your peers who also hate centralization. Borderline intervention if it has to be - you've echoed this same sentiment in several threads while apparently ignoring the self-evident failure of protocols that embody your vision.
This was a cutting-edge and untested concept in maybe 2011. You missed the boat by a decade and a half.
> LBRY is a genuine utility token being used for instance.
Yeah, last I heard of their brand was when a member of my graduating class became a neo-nazi for six months and incessantly uploaded videos detailing his hallucinations to the internet. You're in good company, it sounds like.
Ugh.
> I could go on for literal days
I believe there should be a way to have a rational discussion about this, point by point, maybe threaded. This ain't it. But whatever.
I am not married to blockchains, I have literally criticized blockchains. I have said that smart contracts and distributed systems are what we need, whether that's Internet Computer canisters, SAFE network datachains, IOTA DAGs, Hashgraphs, or Intercloud (something I designed). I don't know why people on HN love to do this strawman over and over.
Blockchain is a settlement layer. I don't even say it's needed for day-to-day micropayments. I explain how the systems could work, which could use any smart contracts for their settlement layer, I don't care about the underlying technology for those, but the Web2 elements are there: https://qbix.com/ecosystem#DIGITAL-MEDIA-AND-CONTENT
> The last I heard of [LBRY]
Yeah, they got sued by Gary Genzler's SEC even though their coin was one of the few actually being used as a utility token. They were forced to shut down their entire company, and only the network survived. Similarly with Telegram, with the SEC. I will wager that you're reflexively on the side of Gary Gensler and the government "because blockchain". But I would have liked to see this innovation grow, not be killed by governments.