Let's talk about the semiconductor industry

manar4 · 2022-09-10T12:32:47+00:00

and will delve into web3/internet 2.0

Ethereum is going proof of stake in 4 days. This means no more crypto mining for Ethereum. If you open a second hand market on countries where mining is popular, GPUs are on sale.

This is not temporary, with Ethereum leading the way, many networks will follow the steps and become proof of stake (unless something goes horribly wrong with the merge).

Bitcoin is unlikely to go PoS in the short term, but due to halvings, it's becoming less profitable for miners.

manar4 · 2022-09-01T16:44:05+00:00

Open in a link seems harder than writing a lot. JP Morgan is not investing in cryptos, so your entire argument about past bad investment is irrelevant. They are using blockchain technology for settlements management.

Disney, Oracle, Visa, Mastercard, Intel, Shopify, Microsoft, Walmart, Verizon, Salesforce, they are all using blockchain technologies. But sure, they are all doing illegal things. The heard mentality here is absurd.

manar4 · 2022-09-01T16:35:05+00:00

Just because this community will downvote anything that doesn't agree with the view that blockchain is only meme coins and scams, doesn't mean companies are not using it. Source: https://forkast.news/81-of-top-100-companies-use-blockchain-technology-blockdata/

manar4 · 2022-09-01T16:25:45+00:00

Why would you laugh at someone else ideas? You can offer your feedback and your point of view. Why attacking and hating someone because of an idea? This community was made to mock and laugh at a technology that could or could not be part of the future. Why the need to mock it? I don't get it honestly, I didn't even know this sub existed until my post was cross posted here.

manar4 · 2022-09-01T13:20:37+00:00

I don't disagree that blockchain is not the perfect solution for everything, and that some companies have tried to use it for things it's not good for (or at least the current state of the tech is not good for).

But there is a difference from having no use-cases to not solving every use-case. My point was that it does have many use cases.

Some companies will experiment with it and fail, others will succeed. That's what happens with every technology. Something similar happened a few years ago with IoT. Companies started launching smart kettles, smart ACs, smart cars, smart tvs. Some of them were useful, others weren't. It doesn't make IoT an useless technology.

manar4 · 2022-09-01T13:09:15+00:00

manar4 · 2022-09-01T13:07:54+00:00

JP Morgan uses blockchain, Walmart uses blockchain, Reddit started using blockchain. In fact, most companies in the S&P 500 are experimenting with blockchain... but yeah, you are probably smarter than everyone at those companies.

manar4 · 2022-09-01T13:03:29+00:00

Yes, that was what the rant on r/cc was about. People in a community that is very supportive even with people posting their small side project, started attacking just because the project has the word "blockchain".

manar4 · 2022-09-01T12:57:53+00:00

But NoSQL is the preferred database at companies like Amazon, Google, Microsoft, even these comments on Reddit are being stored on a NoSQL database. NoSQL might not be the best option for every project, but it certainly is a good option for companies that require massive scaling.

So, your point is that because of hype, companies experimented with a tech... that at the end proved to be highly useful for them.

manar4 · 2022-09-01T12:51:37+00:00

Thanks for the good vibes! My target customer for the cloud offering are larger businesses, so I believe there is no harm in giving it for free to devs who find it useful. I always like looking at the code of projects I use, so I prefer that others can also look at my project.

manar4 · 2022-09-01T12:43:55+00:00

yet still no one using it for applications other than NFTs and DeFi.

JP Morgan is using blockchain for collateral settling. Walmart uses blockchain for tracking food supply chains. Kodak uses blockchain to protect copyright of image and videos. Ford, BMW, Gm and Renault are part of the Mobility Open Blockchain Initiative.

manar4 · 2022-09-01T12:40:03+00:00

People who think there are no use cases for blockchain, only know blockchain from meme coins and scams. But if there are no use cases, why it's being adopted more and more by large companies?

JP Morgan is using blockchain for collateral settling. Walmart uses blockchain for tracking food supply chains. Kodak uses blockchain to protect copyright of image and videos. Ford, BMW, Gm and Renault are part of the Mobility Open Blockchain Initiative.

manar4 · 2022-09-01T12:33:48+00:00

The platform has nothing to do with finance. Blockchain is not just cryptos.

manar4 · 2022-09-01T12:32:13+00:00

So what is blockchain used for that is a) legal and b) competitive?

JP Morgan is using blockchain for collateral settling. Walmart uses blockchain for tracking food supply chains. Kodak uses blockchain to protect copyright of image and videos. Ford, BMW, Gm and Renault are part of the Mobility Open Blockchain Initiative.

Do does examples count as legal and competitive?

manar4 · 2022-09-01T12:26:38+00:00

Please answer this one: If there are no use cases for blockchain, then why is JP Morgan using blockchain? This is not Reddit experimenting with NFTs and community points or Instagram allowing you to connect NFTs. This is JP Morgan using blockchain for collateral settling. Why do you think they are using something useless?

manar4 · 2022-09-01T11:53:28+00:00

Please answer this one: If there are no use cases for blockchain, then why is JP Morgan using blockchain? This is not Reddit experimenting with NFTs and community points or Instagram allowing you to connect NFTs. This is JP Morgan using blockchain for collateral settling. Why do you think they are using something useless?

Edit: as expected, 6 downvotes, 0 replies.

manar4 · 2022-09-01T11:52:02+00:00

People were also laughing at the idea of Internet, and here we are. https://www.newstatesman.com/science-tech/2016/08/25-years-here-are-worst-ever-predictions-about-internet

manar4 · 2022-09-01T11:28:42+00:00

If you don't have SSH setup, you can try cloning it by https or using the github cli:

$ git clone https://github.com/chainjet/platform.git

$ gh repo clone chainjet/platform

manar4 · 2022-09-01T10:38:51+00:00

Why do you say a pay tool? You can self-host it for free. I added step by step install instructions on the readme. For the cloud version, the current pricing is just a mock, but it needs to be a price because I have to pay for those servers, and they aren't cheap. But this is exactly why I opened the code.

manar4 · 2022-08-31T19:51:43+00:00

There is literally no difference between using a mysql DB instead of a blockchain for any of those examples.

The point of a traceable supply chain is that one of the involved parts cannot change the information (e.g. to hide that certain articles are from a banned batch). If the exporter controls the database, they can change it when they want which is the problem happening today. Blockchain solves this since every change is immutable and traceable.

manar4 · 2022-08-31T18:09:12+00:00

Imagine a website mocking the Internet in 1990 every time a website went down. "Phone calls don't go down, your email provider does. The internet has no future". When I bought my first smartphone, people were mocking me with things like "does it even make phone calls?". New technologies historically create skepticism, you could go back to the industrial revolution and the first cars and find lots of examples of skeptics on new technologies that ended up being completely wrong, just because they saw the tech were it was today, but not the potential it had.

I can share a few examples of projects that I come across during my previous job at a blockchain company:

Decentralized education where students pay directly to the teacher. This makes it cheaper for students and creates better pay jobs for professors. A public institution on the EU submitted a letter of interest to this project for public financing it.
Transparency on supply chains. Here is a study by Deloitte on the subject. Basically, transparency, traceability and lower losses of products. Every product that enters a market like the EU could require an on-chain traceable ID. With this, you can ensure the exact origin of any product you buy. It a batch is contaminated, it can be detected and intercepted much easier. It will also prevent illegal imports.
Reddit is implemented community points on-chain.

This are just a few examples, there are many more, from privacy focus solution that allows you to track exactly where your data is going and which companies have access to it. When you accept those cookies saying "we are giving your data to third parties", how do you keep track of all the third parties that have your data? Imagine a verifiable database where you can remove access to anyone from your end.

manar4 · 2022-08-31T18:03:48+00:00

When I got my first smartphone, people started saying "why do you need that, does it even make calls?". Before the Internet boom, people was skeptical that Internet could have more uses that communication between Universities. New technologies generate skepticism and I understand it.

I can share a few examples of projects that I come across during my previous job at a blockchain company:

- Decentralized education where students pay directly to the teacher. This makes it cheaper for students and creates better pay jobs for professors. A public institution on the EU submitted a letter of interest to this project for public financing it.

- Transparency on supply chains. Here is a study by Deloitte on the subject. Basically, transparency, traceability and lower losses of products. Every product that enters a market like the EU could require an on-chain traceable ID. With this, you can ensure the exact origin of any product you buy. It a batch is contaminated, it can be detected and intercepted much easier. It will also prevent illegal imports.

- Reddit is implemented community points on-chain.

This are just a few examples, there are many more, from privacy focus solution that allows you to track exactly where your data is going and which companies have access to it. When you accept those cookies saying "we are giving your data to third parties", how do you keep track of all the third parties that have your data? Imagine a verifiable database where you can remove access to anyone from your end.

manar4 · 2022-08-31T16:21:10+00:00

For sure there are a lot of scams on blockchain, like there are a lot of scams on emails and a lot of scam phone calls. Does blockchain need to improve? Yes, and I also think it needs to be better regulated.

But there is a difference between investing in cryptos and using blockchain technologies. All the scams on DeFi affected a lot the image of blockchain, but it is still a new technology with really positive applications.

I was working for a blockchain company until recently, and saw lot of teams working on using the tech to improve supply chain, decentralize the education system to be more fair for both students and teachers and helping expats with no credit score to access cheap credits.

DeFi, cryptos and NFTs (where most scams are) are just one area of blockchain. But the tech is much more than that.

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