Technology board

>technology board
>no distributed ledger technology thread
Is it because you're all too dumb to understand it?

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Other urls found in this thread:

www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24
steemit.com/bitshares/@ash/current-bitshares-testnet-stress-test-highlight-3300tx-14000ops
boingboing.net/2017/02/16/chinas-citizen-scores-us.html
crunchbase.com/organization/coinbase
crunchbase.com/person/fred-ehrsam
twitter.com/NSFWRedditGif

No, because we are tired of memecoin constant shilling. Not to forget most of cryptocoin evangelists are mentally challenged or underage.

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who gives a shit about cryptocurrency?

there are plenty of other uses of blockchain tech

No, it's because we are sick and tired of hearing this shit being memed everyday in university as the next big thing with lot of hand waving while we are noding in agreement because we just want to get out of this shithole and get a real job with real money so we can get out of poverty

Blockchain was probably your best bet to make real money and get out of poverty lmao retard

like?

>Sup Forums has no idea cryptocurrency is just one of the many possible implementations of block chain.

I'm disapoint

FYI that sentence doesn't mean anything

Like what? You don't have to tell us, just make the product. It's the easiest time ever to get funding for a startup based on blockchain. Will you make a product? Oh.. right.. you won't. Because it's shit.

Plenty of companies are working on it, IBM is working on making international cargo shipments more efficient and faster. There's thousands of documents involved, which all need approval by different governing bodies. All documents are uploaded to the shared ledger (blockchain), and this results in less of a bureaucratic hell for cargo shipments (especially from places like Africa)

>lets everyone see their data
fucking retard

it is precisely beacuse of that. this board is filled with Sup Forums kids and soyboys. it has nothing to do with technology.

Yesterday was the first time Id been on here since Christmas and sadly this was my impression, not every thread of course, but there does seem to be a lot of retards filling up a threads about blue keyboards.

shut the fuck up bitch. IBM is desperate for attention and, no, using blockchain doesn't make anything "more efficient and faster" you braindead retard

that's not how it works you piece of shit

That pic is literally every Apple user.

Because it's useless meme technology shilled by coin babbies.

The post I replied to said give a fucking example. This is a fine example. And if you actually knew anything about the world it saves plenty of money for business and does make it more efficient. This way those africans don't 'lose' documents and have to get bribed.

...

no, it doesn't because in your example blockchain doesn't add any value that an open databse wouldn't. decentralisation/immutability is irrelevant in your case because simply keeping the database open would have the same effect as one couldn't tamper with the data when people constantly mirror the storage, internet archive archives snapshots, and google caches the pages, etc

if you build a blockchain for this, you simply pay a lot more for dealing with a retarded consensus algorithm, a hard to scale tech, retarded "blockchain developers", likely an unnecessary token, etc. IBM and everyone trying to use blockchain in this kind of enterprises are obviously scamming businesses and the public with vaporwave tech

not saying there are not uses because I already know there are. but your example is retarded and everyone in this thread is dumb as fuck

cryptocurrencies are literally the stupidest thing ever
>people actually buying data that has been authenticated by brute force hacking a range of numbers
>your only proof of ownership of this data is a 256 anonymous key which can easily be stolen
>there have been all kinds of hacks of transferring crypto curriencies between wallets so that using it on your phone/computer is making you a magnet to hackers
>the blockchain is too slow to use as a day to day transaction medium
>it takes too much energy to scale as a national currency
>its hyped as a 'store of value' and gold 2.0 despite the fact that exchanges regularly get goxed

>>no distributed ledger technology thread
>Is it because you're all too dumb to understand it?
back to your fake-internet-money containment board

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>>people actually buying data that has been authenticated by brute force hacking a range of numbers
precisely done that by design for security purposes
>>your only proof of ownership of this data is a 256 anonymous key which can easily be stolen
you can throw away your unencrypted secret key and just keep it encrypted with your own password. look at that, now NO ONE in the whole fucking world can steal your money. Rogue government? Police? Tough luck because you can't access the account without the password which is literally only stored in my head. Literally the only secure store of value in the world (volatility is still the biggest problem, but not your retarded points)
>>there have been all kinds of hacks of transferring crypto curriencies between wallets so that using it on your phone/computer is making you a magnet to hackers
yeah color be surprised. there are compromised ATMs and bank robberies fucking deal with it retard.
>>the blockchain is too slow to use as a day to day transaction medium
didn't need more confirmation, but confirming once again that you're retarded. blockchain != bitcoin. many blockchains can do couple thousand TPS right now which is more than PayPal so speed is not an issue anymore retard
>>it takes too much energy to scale as a national currency
holy fucking shit will you stop posting? PoW is not inherent to blockchain you retard. dPoS is already widely deployed
>>its hyped as a 'store of value' and gold 2.0 despite the fact that exchanges regularly get goxed
god you're just beyond retarded. you don't "store your value" on CENTRALISED EXCHANGES of fucking course that's not how you use it as a store of value WOW

literally the biggest problem is volatility and you couldn't pinpoint it in your list of retarded arguments. how about you just kill yourself and not talk about things you don't understand?

still salty you didn't buy ETH last year lmfao

how much of your trustfund money did you get JUSTed for?

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I'm up 800% since last year. how did your stock market do lmao

I believe you

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lmao retard ETH was $10 last year now it's $600 and it was $1400 a couple of weeks ago. if you think 800% is too much you're truly oblivious to what's going on around you. nocoiners always get BTFO every year and probably get their news from the TV

As I feared.

Git is block chain

read a book idiot

so?

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you mean the same goldman sachs that is opening a cryptocurrency trading deck hahahaha nocoiners crack me up

blockchan when

I wonder when the first blockchain based voting system will be used by a country

>Is it because you're all too dumb to understand it?
Because it's trash and don't solve any problem if not cause a shitload more.

Yeah there's a protocol already proposed Liu, Yi, and Qi Wang. "An E-voting Protocol Based on Blockchain." and I think it's a good application of blockchain

so yes?

that is just a meme to promote crypto

crypto it doesn't do anything useful

Is someone developing a Blockchain with the sole purpose of timestamping publications?

Thinking about deepfakes. If there is an easy way to find out when a video was first created there should be no debate what the original is.

Having a small "block" added to the hash of each and every video?

I'm not making too much sense to me either right now but I needed to try typing my idea out.

Maybe another autist gets it.

so no.
For example crypto currencies are the best bait you can find to trick retards.
You can't expect EVERYONE in the fucking world to resist physical and mental torture, their pass will leak eventually and every transaction they made will be half-known.
They won't have to know why you did this transaction but your account will be flagged as potentially bad and EVERY transaction you did from this account will ALSO be flagged, in the long run pretty everyone will be flagged with dirty affilations and everything will collapse.
Banks are currently building such systems, you won't be able to use anything else than bank-made coins for real world transactions.
Source: me, I working on this.

Yeah this is being done by po.et and some states already legally recgonise blockchains for proof of ownership

wtf retard have you never heard of ring signatures and stealth addresses

Blockchain is the future

>Has been around almost a decade
>Still not used outside meme coins

> Fundamentals of Distributed Computing
> Distributed ledger
As if you have a C.S degree that causes you not to over hype a basic fundamental aspect of distributed syncing. Likely a brainlet like most people w/ no formal education who read some shit on a forum and think its the future of computing.

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>Git is block chain
wrong

>didn't need more confirmation, but confirming once again that you're retarded. blockchain != bitcoin. many blockchains can do couple thousand TPS right now which is more than PayPal so speed is not an issue anymore retard
name one that can do a couple thousand TPS per second

lol it's very much used for anonymous payments in the black market and also as a financial instrument it disrupted financial markets. don't be dumb it did enough in 10 years and more to come

>solves a decades old problem of preventing double-spending in a decentralised system
>retarded fresher who learned python yesterday tries to discredit its achievements
lmao kid don't post again

steem, bitshares, stellar, nano, others

www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24

Currently, about 0.25% of the Global GDP is stored in the blockchain.

58% of participants in the World Economic Forum (which draws many of the richest and most powerful people in the world) bellieve that by 2027 - about a decade from now - 10% of the global GDP will be stored in a blockchain technology.

Even if crypto was the ONLY use of blockchain tech - it isn't - this is still significant. I am not a crypto evangelist by any means, I am a nocoiner - but this tech has major implications.

imagine being so retarded that you need a very common concept to be branded and marketed as "blockchain" to become a shill for it

>www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24
>Currently, the total worth of bitcoin in the blockchain is around $20 billion, or about 0.025% of global GDP of around $80 trillion

lol except it's not true. btc mcap != how much money is in there because that's not how it works at all lol those clowns

>common
>reliable distributed consensus literally didn't exist before blockchain
just don't post here

where do i install blockchain

Ask /biz/

I trade cryptos mainly because its easy. I own a ton of crypto and hope their values continue to increase. Even so, lets not fool ourselves here man. None of the coins you just listed have been stress tested or shown to scale. Odds are that these coins would dramatically fail if they had a similar transaction volume to bitcoin. We buy cryptos because they are a scheme that can make us money bro, dont fool yourself into thinking people are gonna use nano for transactions. These coins will never be used for transactions. Smart contracts are a good and promising application for blockchain. Using blockchain as a medium for transactions makes little to no sense. Ripple has a strong use for blockchain technology and so does Ethereum.

>you just listed have been stress tested or shown to scale
they literally have

> Odds are that these coins would dramatically fail if they had a similar transaction volume to bitcoin.
steem has more transactions daily that Bitcoin ever had

> These coins will never be used for transactions.
we'll see about that

>Using blockchain as a medium for transactions makes little to no sense.
you're both stupid and uneducated so you shouldn't get ahead of yourself making big claims

>they literally have
Have they? Send me the evidence showing these blockchains have been stress tested and can scale up to visa network levels.
>steem has more transactions daily that Bitcoin ever had
"STEEM is the platform token on Steemit.com. It's distributed to the most valuable contributors by community voting." lol'd hard, so it doesn't need a currency at all.

Ok brainlet, explain to me why I would buy a cryptocurrency to buy something when it can lose %20 value in a day? Why would I not keep my money in a bank where it's safe and fault tolerant. Why would I want to send my money to a fucking wallet address using my private key.
Dude even Vitalik agrees with this.

The guy who thinks crypto is the future is calling me uneducated goys!!! I have a Master's degree in computer engineering and I have built multiple blockchains. Blockchains don't need native tokens unless its to compensate the people supporting the network. Banks will implement blockchains to help their native infrastructure and speed up transactions. These blockchains wont have tokens because the tokens are useless. This will kill all currency coins.

Is crypto your only hope to make it? Are you too stupid to get a high paying job so you resort to gambling?

>He thinks a blockchain stores money
Thats not how market cap works. A blockchain can have a 10 billion market cap even if only 1$ has been transacted on the network.

Cost*supply
$1*10 billion
U like?

I take one thing back, Monero has a great usecase for buying illegal things on the internet. But that's about it.

the problem is that if someone did develop something like that they would forcibly tie it to a memecoin so that they could make some easy cash and then dip out on the project.
thats the problem with blockchain. 99.999999999% of the projects are flat out scams.

>Have they? Send me the evidence showing these blockchains have been stress tested and can scale up to visa network levels.
i didn't say visa, and google it yourself e.g. steemit.com/bitshares/@ash/current-bitshares-testnet-stress-test-highlight-3300tx-14000ops

>rest of the post
you're retarded

>reliable distributed consensus literally didn't exist before blockchain
factually incorrect

post source

Thats not a stress test lol. Yea sure it can do 3300tx under a light load

>you're retarded
great argument dude! Keep buying your meme money you'll totally be super rich one day when you CASH OUT YOUR CRYPTO FOR FIAT.

>doesn't even know what's a stress test
>doesn't understand numbers
>doesn't understand concepts
>doesn't understand arguments
this is just not for you m8

>Yet smart enough to see through the vaporware that is 99.999% of crypto

If you're so smart and i'm an idiot, explain to me how nano works. Tell me about DAG technology. Do you understand the technology you are investing in? Explain to me how this technology scales and why it's better than a traditional database. See if you can backup your argument instead of just calling me stupid.

>too dumb to understand a fancy linked list
Guess it makes sense since Sup Forums is literally Sup Forums's shopping basket

that's literally the only good thing about it. immutability
Although not too about specifics on performance. I thought blockchain was horribly slow after a while due to the nature of its architecture

i don't invest in any DAG and i still understand both nano and iota better than you even understand bitcoin. nano scales because of asynchronous transactions enabled by their block-lattice structure, 2-parts transactions, and dpos conesnsus; and iota failed to implement a working product and at the moment it is centralized as they use a coordinator to validate transactions, but it it meant to scale by having each new transaction validate 2 previous tips. but i don't know what's the point of explaining things to you cause you're obviously braindead anyway

>a fancy linked list
user i have bad news for you...

well turns out you're wrong and maybe you should read up before saying things how about that?

Great job copypasting buzzwords. Explain to me why a block-lattice structure enables fast transactions and why its better than a traditional blockchain.

i literally just told you. their transactions are in fact 2 blocks: "send" and "receive" and each goes in the account-chain of the two parties. each user has their own blockchain that is independent of the rest of the network. you don't wait for a block containing your transaction to be included in the blockchain becaues your transaction is immediately appended to your own personal blockchain. do you know what asynchronous even means

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Sup Forums used to be all over blockchain since bitcoin and then litecoin and dogecoin but in time Sup Forums came over and people think blockchain is a money machine

> Decade old problem
A monetary/transaction system that is flawed by design
> Double spending problem
Centralized efficient transaction system
Distributed P.O.S somehow function all across the world just fine for ages.
Niggers come along and make an intentionally inefficient and retarded transaction system.
Claim they solved a decade old problem.
Creates shit nigger ponzi scheme
Claims they solved a fundamental C.S problem w/ nigger tier theatrics.
>retarded fresher who learned python yesterday tries to discredit its achievements
Graduate degree Alma mater Stanford
Vmotion ...
Enterprise Distributed Systems Software not github goblet code
> lmao kid don't post again
Post more so I can expose you nigger
> MUH BLOCKCHAINZ AND CHIT

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this

Thoughts on smart contracts though? I've been arguing that bockchain for transactions is pointless but has merit for smart contracts.

>completely ignorant post
>redditor
>completely retarded post

david chaum tried to implement crypto cash since the 80s using blind signatures but couldn't make it decentralized. naor tried to decentralize it but no one was able to solve double-spending. digicash, cybercash, ecash, there were many attempts to solve it. do you think bitcoin was born out of ether from a couple of kids on Sup Forums lmfao it was created and validated on cypherpunks by cryptography experts like hal finney

anyway retards. blockchain works at thousands tps today. you will never understand blockchain simply because you're mentally impaired.

I'm not buying your bags bro, should have sold at 20k like the rest of us.

...

Smart contracts are going to destroy privacy and freedom. It's a scheme/scam to roll money into policy/policing and its going to diminish your humanity. See chinks :
> boingboing.net/2017/02/16/chinas-citizen-scores-us.html
This is where you're headed a la smart contracts
There was a video on wired.com some time ago of a guy emphatically describing how they're going to use it to track/control/police people dynamically and in real-time. Society doesn't value liberty/freedom/privacy/fairness. So, they're idiotically progressing technologies that will erode them. (((They))) bait people w/ table scraps and nigger tier carrot schemes like mining and watch as the masses eat each other.
Sorry dumb fag. Trying to create an unstable speculative currency system is ignorant. Making it as inefficient as possible is niggerish. Bleeding the world of precious energy to further a ponzi scheme is niggerish. Not giving a single fuck about wasting computer components and inflating the cost for no fucking reason is niggerish. Claiming for one second this technology has any positive social value is niggerish. Paypal/Square solved the problem of financial transaction alternatives some time ago. You niggers are just fueling a ponzi scheme w/ the promise of something for nothing. A special place in digital hell will be reserved for you and luckily you dumb fucks are all permanently recorded in an immutable digital ledger

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This, also Nicholas Van Saberhagen was the first to implement (in the CryptoNote Protocol, 2012) a anonymity method using Ring Signatures over Blind Signatures. Using a DAG data-structure was first described in 2012 as a fee-less and possible successor to blockchain. The distribution method was a problem when the fist DAGcoin was released. But back in January XDAG solved this by being the first minable DAG & being fee-less. It will also be the first fee-less privacy DAG sometime by the end of the year.

>doesn't even know paypal started by creating a cryptographic currency before they failed and had to change plans

anyway, besides volatility, all the problems you mentioned are specific to bitcoin and were solved in blockchain but you're retarded so i don't expect coherency. once stablecoins sort out volatility it's lights out for jewish payment systems that take 2.5% lmao

Because "blockchain" isn't technology, it's a buzzword used to describe an illegal instrument created to facilitate the trading of drugs, fake passports and weapons, as well as the creation of financial pyramids and Ponzi schemes.

nice to see Sup Forums takes their information from the tv

get rekt

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> Paypal
> Attempted to create a cypto-currency
> FAILED
> Changed plans
Dumbfag take a hint.
> besides volatility
Volatility to the up and downside. Increasing or decreasing in value by 5-8% annually = nigger tier currency that isn't viable and likely a ponzi scheme.
> all the problems you mentioned are specific to bitcoin
No nigger, they're applicable to all shit coins w/ no backing or established FIXED value. They're all ponzi schemes. Calling it a different name doesn't change that.
> were solved in blockchain
Again w/ this stupid shit. Do you understand how distributed syncing works retard? Its how all modern fucking database function. There are industry standard efficient and secure methods that predate this bullshit tech. Want a secure transaction? Create an SSL session over the dam web.
> but you're retarded so i don't expect coherency
Clearly you and every dumbass in support of crypto currencies is. This is obvious to anyone who isn't a brainlet swept up in the hype/chance of nigger tier profiteering.
> once stablecoins sort out volatility
The only reason people participate and buy them is in the hopes of selling them for more to another moron down the road. Volatility was the intention of shit coins. They intended to create a ponzi scheme and that's exactly what it is. Speculative bullshit based on the bigger fool.
> it's lights out for jewish payment systems that take 2.5% lmao
Pro-tip dumbfag, the same kikes that run wallstreet are the ones running crypto exchanges :
crunchbase.com/organization/coinbase
> crunchbase.com/person/fred-ehrsam
- foreign exchange trader at Goldman Sachs
> muh revolution
> muh decentralization
You're participating in wallstreet 2.0 w/ privacy/freedom destruction built in you dumb fuck

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With Jews, you lose.

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>not one single sentence worth replying to that i haven't already addressed
how fucking dense are you motherfucker can you read at all?

Getting blown the fuck out over multiple post and not having a technical, social, or financial leg to stand on and responding w/ this defeated bullshit.
/thread
Crypto-currencies are fucking cancer to the world's energy supply, computing resources, LEGITIMATE FINANCIAL SYSTEMS w/ Fair fee structures.. A ponzi scheme, a drain on society and everything in humanities power should be aimed at stomping it the fuck out and will. Go promote this bullshit somewhere else. Oh and if you dont like the current system, get off your lazy ass and demand something be done about it.
> REEEs about one nigger tier ponzi scheme
> Creates another nigger tier ponzi scheme

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Like every single post. I try to read your bullshit, and then you say stuff like
>Crypto-currencies are fucking cancer to the world's energy supply, computing resources
???????????????????????????????????
are you retarded? do you know what a conensus algorithm is? do you know what's dPoS? do you think all cryptocurrencies use proof of work? do you know what any of these words mean? are you a bot? are you mentally challenged? i don't understand

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