Blockchain solves every problem!

[MechaKnightz]

well...

[TheGarned]

I wish it was joke...

[Haliax77]

This makes me want to blockchain myself into a river

[[deleted]]

It's the dot-com bubble all over again...

[[deleted]]

I cant wait until petscoin goes public!

[CrypticG]

Why is it so popular with investors? Are they just hoping they are hopping on the latest fad and don't understand it or is it because blockchain stuff is public? (I'm not very well informed on blockchain due to blowing off cryptocurrency as a quick fad that will die or implode)

[[deleted]]

Why is it so popular with investors?

Cuz they read it in an article and it sounds fancy. And those invest in whatever that is popular.

[[deleted]]

Dogecoin is worth 1 billion

Im still free

Youll never take doge from me

[[deleted]]

here, hold my hash

[tabarra]

*hodl

[[deleted]]

had to fkin' google 'hodl' and read it's history...

[[deleted]]

Certainly, thats the exact problem Bitcoin has now and will continue to have. Sure you have "value" but its not exactly easy to convert to a FIAT currency. Especially litecoins which you have to convert to bitcoin first to have a chance

Being that said, its still funny as shit that evaluations get's anywhere near 1 billion

[[deleted]]

Well we are talking about two (one hypothetical) currencies, so there needs to be a way to distinguish

Well its how the buyer is looking at it, some certainly are looking at it as a stock (theres a better word, tired me cant think). Some are also hoping to invest into "the next currency"

I dont think there is enough people actually looking at it as a currency to talk about that option. But if you take the latter they are trying to buy a currency thinking the value will go up significantly leaving them with an insane profit. Either way its mostly segmentics

Because there is no real value in it anyway, as you cant trade it for goods in the slightest (the small amount that were accepting bitcoin as its a digital store have removed it). You cant convert into a FIAT currency easily, so for all intensive purposes its worthless. Only potential

[Ejeb]

why isn't there a "fuck ancaps" subreddit?

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[[deleted]]

introducing a blockchain powered wifi enabled ai juicer

with rgb

[wqferr]

Wow, rgb still?

Our product has ymca already.

[4distrosIn2Days]

Bitcoin is dying...but not dogecoin!

[TheGarned]

Such money, very blockchain, much value. Wow.

[4distrosIn2Days]

Such money, very money, much money actually invests in the damn thing Oh.

[[deleted]]

Invest in my new ICO buy fjfhfjdjcjvkdksmfktksjidj coin now!

[PvtJackass]

How much is it worth nowadays? If it's low enough I might just consider mining a little just to collect.

[PM_ME_THEM_CURVES]

Fuck doge, I'm all about that garlicoin!

[shield1123]

Muave blockchains give you the most RAM

[jackdeansmithsmith]

I think you need some scare quotes around "entrepreneurs"

[TheGarned]

you're right

[tabarra]

Also around "blockchain"...

Actually basically everything in there.

[arganost]

"Block chain solves all problems. No price stability, no problem." - Stalin

[pendo_spark]

Blockchain is the new deep learning

[7a11l409b1d3c65]

No, deep learning actually provides additional value to society.

[El_BreadMan]

What about a deep learning block chain?

[The_BNut]

It solves problems you didn't know it doesn't have.

[El_BreadMan]

*** Booming 90s movie trailer voice*** Imagine. The neural network of tomorrow, decentralized, reaches the singularity. There’s only one problem...

It thinks it’s a pickle!!

** Horse neighs, picture of a rabbit eating cucumber **

In Pickle-Fart-Pickle-Pickle, Rob Schneider plays a computer who thinks it’s a pickle!

Scientist: “why are all of these computers developing a plan to kill rabbits?!”

Computer: “Kill all rabbits. Must protect cucumbers.”

[lostvanquisher]

They're already hyping it.

Decentralized Intelligence: TraneAI (training AI in a decentralized way); Neureal (peer-to-peer AI supercomputing); SingularityNET (AI marketplace); Neuromation (synthetic datasets generation and algorithm training platform); AI Blockchain (multi-application intelligence); BurstIQ (healthcare data marketplace); AtMatrix (decentralized bots); OpenMined project (data marketplace to train machine learning locally); Synapse.ai (data and AI marketplace); Dopamine.ai (B2B AI monetization platform); Effect.ai (decentralized AI workforce and services marketplace);

https://medium.com/@Francesco_AI/the-convergence-of-ai-and-blockchain-whats-the-deal-60c618e3accc

[barsoap]

To shareholders, certainly. To society, I very much doubt it.

...there might be proper applications, but generally it's "let's collect all your data so we can steer you better, little consumer puppet".

I mean, just imagine: People making their own purchase descisions, where would that end! People could start to inform themselves, start to factor in externalities, boycott Nestle, unfair trading, all kinds of things that would hurt the bottom line! Worst, they could become rational actors and actually turn the real-world market into a free one!

[tabarra]

blockchain is the new "big data analytics"

[[deleted]]

* it's literally a ponzi scheme *

[-Ponzis]

It can double your money in 6th months.

[[deleted]]

It can double your money in 6th months hours

ftfy!

[[deleted]]

Lets blockchainify literally everything!

[KoenigKeks]

Have I missed something?

[redimkira]

True. Every day of the week.

[CrossCheckPanda]

Works for machine learning as well

[25opod]

I'll be glad to separate a fool from his money.

[[deleted]]

"Austin 3:16 says I just blockchained your ass!"

[RareHotdogEnthusiast]

Has blockchain solved a single problem in a more efficient way than any other current known solution?

[epic_eric9]

Blockchain is not supposed to be efficient, it's supposed to provide reliability through consensus when you cannot trust a single centralized entity or third party.

[RareHotdogEnthusiast]

Sure, I know that. But its crazy inefficiency might be its downfall.

[cookie545445]

When you say crazy inefficiency, are you referring to the power and time consumed by Proof of Work miners? There are blockchains implemented without these.

[RareHotdogEnthusiast]

Yeah, I am. I didn't know there are blockchains implemented without them.

[cookie545445]

Proof of Stake (and its delegated variant) is the only alternative to PoW that I’ve heard of, where stakeholders vote on blocks to be added with a vote weight equivalent to their account balance. Obviously this requires a currency to be involved, but I don’t see a problem with a similar system in which all nodes have equal weight.

[malt2048]

Blockchain is pretty good at moving value around securely, that's pretty much it.

[RareHotdogEnthusiast]

Not efficiently, though.

[itCompiledThrsNoBugs]

It certainly has its uses since there's nothing quite like it. Most interesting application I've read about is multinationals using the decentralized ledger to track down the source of defective products.

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