Media can either be evil and censor information to potentially save life, or respect freedom of speech which could lead to severe consequences. Which side are you in? There is no correct answer and we just have to admit we are in a bad situation which does not exist an win-win solution.
I have many personal files and wanting make sure they are accessible for rest of my life. Please tell me a platform that can provide this solution and why I can trust it?
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This is ridiculous. I already understand many seemly critical software are just unsafe / insecure but people actually running this without multiple layers of safety net mechanisms on a high speed machine that can, and did kill people? The backup driver is one broken safety net, and there are no more working security redundancy?
I don’t really care what Libra is on launch. What I really care about is the potential of the technologies behind Libra and what Libra can become.
The most decentralized and trussfree system right now is probably Bitcoin, which I wouldn’t say it is decentralized on day 1. But it is the fundamental of what we have today (which I admit it isn’t that much), and what we can achieve tomorrow. It is the potential excites me.
People doesn’t need to trust FB, or any other companies relates to FB. But you can audit the open sourced code and evaluate how much do you want to trust the code. This is simply not possible with traditional technologies. So I will say it is a net improvement. As long as it is not a regression, I want to see it happen.
I want to point it out it is not only Chinese government, but also Chinese people, the people were enjoying the NBA, are abandoning it. This actually hurts the feeling of the fans.
> They have nothing to lose but incremental profits and in the long run China will lose.
I don’t understand this. They could lost all their market in China which is not a small number and in return, long-term financially, nothing. It is not like Chinese people can’t live without it. There are more than enough entertainments for Chinese people to enjoy.
What I don’t understand is, the whole point of using blockchain technology is it doesn’t matter who creates it, as long as the code does what it intend to do, there are no trust needed. (Assuming Libra eventually actually become a decentralized network)
What is the reason why Bitcoin? It is digital currency and able to use it to buy daily groceries is the whole point of a currency. It become store of value not only because it can be store of value, but more of you can’t use it for daily spendings and people needs another reason to justify exists of Bitcoin.
I am sad about all the hates of the blockchain technology. I do agree that most of the blockchain products are hype and have no real use cases, but that doesn't mean the blockchain technology is completely useless.
Disclaimer: I work for a company building a blockchain ecosystem.
It is not the silver bullet that magically solves all the problems, but it does improves few areas compare to other technologies, which are decentralization and distribution.
Distribution is a mostly solved problem as we have many distributed database available so I won't go into details about it.
Decentralization, is the core attribute of any blockchain technologies. No single entity needs to be trusted, instead the user have freedom to decide who to trust. In terms of currency, user do no need to trust a bank. He get to decide to choose which wallet app he trust (which itself is not an easy decision), which node implementation he trust, which blockchain protocol he trust. Or alternatively he may be able to create his own implementation if there are no reputable implementations available. This is not the case of banks. I am forced to use whatever mobile app the bank offers. I can't use an alternative implementation (at least no banks in my country allows). It have very limited (most of the time, zero) extensibility and customizability. I can't simply create a bank because I don't trust other banks. As a user, I don't have a choice.
Blockchain technology does not solve the trust issue (track operator can fool the sensor to make it report false information), but it provides full transparent and allow user to choose who he trusts.
No blockchain can't prevent dishonest seller make a copy of a real bottle with a token and fill with low quality wine. But user can see who issues this token and able to decide never buy wine from this sellers again. The problem is still not solved, but you cannot say blockchain does not improve the situation here. Yes centralized technology can help as well, but the user have to trust the centralized technology provider and the wine seller. In this case the centralized technology provider will have a large leverage on both the seller and customer. And we know it can be bad if a single entity have too much power (e.g. Facebook, Google).
Yes, there are too many hypes on blockchain technologies. No, blockchain technologies are not useless. It gives the power back to consumer, instead of controlled by a few large entity.