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/biz/ - Business & Finance

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10879306 No.10879306 [Reply] [Original]

>> No.10879346

>>10879306
they already do this OP. A blockchain needs a usecase. The best application of the blockchain is money, hence why bitcoin and litecoin moon together every time.

>> No.10879365

>>10879306
https://youtu.be/SMEOKDVXlUo

>> No.10879372

>>10879306
Nothing, but in all honesty private blockchains aren't that useful for companies. Blockchains are really good for having trust less form of consciousness but in a company and other data structure will do fine. That's why i cringe whenever i see people say "I like blockchain but not crypto currency".

>> No.10879383

>>10879306
Time, resources, money, lack of experienced blockchain developers.

>> No.10879387

>>10879306
>Why don't companies just centralise the decentralised network
Really makes you think...

>> No.10879391

>>10879306
go work with a big company and you will understand they are monoliths. they don't develop shit, they buy the services they need.

>> No.10879792

>>10879383
this. why develop one on your own when one can use the others that are developed?

>> No.10879799

>>10879387
this kek

>> No.10879862

>>10879306
Or they could remove the redundancy in mainstream blockchain systems by using singular node confirmation and controlling access rights instead. Users could read the data but not make changes!""111"23£" Using some relational data management, structural data streams could be optimized for read/write performance and accessibility while maintaining security required in modern computing. Lets call it SQL.

>> No.10879892

>Why dont they just make a SQL database
Hmmmmm

>> No.10879895

I agree OP, companies can also make their own software. Why do we need WordPress or AWS? They can just do it themselves!

>> No.10879908
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10879908

Because it will be so much easier to use ARK instead.

>> No.10880094

>>10879306
Genius. Jobs. Gates. Buffet. Anon

>> No.10880244

>>10879372
What does a trustless consciousness mean?

>> No.10880261

>>10879306
Well almost every large company I know is going to use a private blockchain solution (Corda is ATM a favourite). Business don't want their transactions on the public blockchain, it's that simple.

>> No.10880460

>>10879365
Good video, I just watched the whole thing. He makes a good point about the idea of blockchain being a huge disruptive tech, but that we may be a decade too early right now. Because people currently don't need what blockchain has to offer.
For anyone interested, start the video at 25 min to hear this part of his talk.

>> No.10880513

>>10879306

Have fun spending time, resources, and emotional toil, for no one to use your shitty centralized token that only serves to further your companies agendas.

>> No.10880536

you do, by not using their garbage spyware cuck boi

>> No.10880544

>>10879306
They are which is one of the most bullish arguments for LINK. Everyone company could have their own blockchain and they’d still need it

>> No.10880629

>>10880244
Everyone can come to an agreement without having to trust anyone else. This is why block chains are good for decentralization.

>> No.10880690

>>10879306
you're asking the right questions anon. long term, crypto currencies will have no use case, and companies/banks/govts will have EOS-like private chains where central nodes (BPs) control everything but the network is still accessible to others.

buy decentralized dapp platforms. those will survive the purge. ETH is really the only contender right now. bitcoin will only survive if it gets adopted as digital gold since it failed massively as a currency.

>> No.10880867

>>10879306
>why use https instead of making your own private solution?

>> No.10881451

>>10880690
why did lightning network fail? with btc insta small fee transactions it could actually be a currency..

>> No.10881514

>>10879306
internal "permissioned blockchains" using proof of authority are just glorified databases with an extra layer of redundant security through hashing every transfer. there's no proof of work or even proof of stake associated with this process, making it a centralized mess, where only a few people have the admin keys. it's ok, but it's not the best in some cases, and still leaves the permissioned blockchain open to exploitation by a rogue admin.

>> No.10881775
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10881775

>>10879346
Maximum retard

The revolution of secure block chain is that i can be used to optimize logistics tracking for large corporations like Amazon

It has zero (nill) uses as currency and all you speculators will get the JUSTing you deserve if you don't take your profits and get the fuck out while you can

>> No.10881941

>>10879306
Status quo. The big boys won’t rock the boat once they initiate the few crypto individuals to be amongst their Illuminati brethren

>> No.10881964

Most companies don't need blockchain.
Public blockchains are mostly memes. Stick with bitcoin and monero.

>> No.10881985

>>10881775
I guess you haven't seen Iran hedging their money into crypto then? There are tons of bullshit out there, but some have legit use cases, like bitcoin.

Nice b8 m8 3/10 got me to reply

>> No.10882823

>>10881451
they released it years before it was done. it requires a full node on a constant connection. the way it works is it keeps a bunch of transactions in memory (what they call "off chain") then it will record them all at once balanced out like a normal transaction, so it's back to "on chain."

the problem is if you are in the channel and your computer crashes or you lose internet then you'll probably get hosed since none of those transactions actually got recorded. there's also no master record of those transactions that took place while it was "off chain." great for privacy, in a way, but terrible for security.

>> No.10883343

>>10879908
I <3 you fellow arkie:)

>> No.10884168

SkyFiber offers individual blockchains to each company that wants one. Better than ETH so people trading cats back and forth doesn't collapse the entire economy again.

>> No.10884194

The whole point of blockchain is that its a public ledger available to everyone. If you are just going to make things secret and private with no knowledge of how the system works, then it defeats the purpose of blockchain. at that point you are just better of using centralized databases which is exactly what companies do.