ANSWER THIS RIGHT NOW

If cryptocurrencies didn't have a market attached to them, what would be earth shattering about blockchain technology?

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Very useful for recording data that you are worried about people making illicit changes to.

For instance, you could use it for medical records to prevent insurance fraud, or you could use it to track the ownership of a car to make sure it's really worth what someone claims it is.

Without it, the only defense you have is someone promising they didn't modify the odometer.

I mean, this starts at transactions everyone can agree on have happened.
Currencies -> markets -> products
It's like if you ask how would you shit if you had no ass? Torrents are pretty decentralized as well, but that's something else.

retard

>transactions everyone can agree on have happened.
How useful is this at all?

Is it really a massive problem that transactions are happening that people can't "agree" about?

Sure there's corruption, but does that actually happen in the form of unverified transactions or whatnot? Corruption is relationship based, and blockchain is nowhere near replacing relationships.

congrats on being redpilled, OP.
"blockchain technology" is 100% useless bullshit

Lost it fucking kek

I get you, we're all trying to guess what the fuck it's good for. There may be a market upside neither you or me can think of. Why is immutability better than phoning Visa and telling them they've fucked up?

I thought this was pretty on point, but it's not an answer, it's a bit like OK guys we're waiting for all this shit to do anything that helps us. Anything at all.
twitter.com/technology/status/1002248576464928769

I think the final idea would be like some machine someone has a right to doing a digital task, receiving a digital currency in payment by everyone who shares it and that currency is saved or spent on other digital tasks, or maybe traded for food IDK. If there's a need to trade for Fiat for stability then it's double expensive and there's no much point I think.

congrats op, you realized all these retards here cheering about a different form of a database like its their favourite sportsteam or something
even dumber than people who cheer apples newest shitproduct on launch
you have to realize two things:
the "market" attached to it is only a way to get vc capital while not abide to existent laws and regulations
hence the many scams and scammers, mlm-tards around
2. btc itself is the "revolutionary" thing, but for different reasons

You have to incentivize people To contribute. Atleast with the blockchain you can trust that you’re downloading a safe uninfected downlod and seeding as contribution

kill yourself OP

How do you address the fact that blockchain carries the potential to strip government and corporate entities of the ability to censor and control people using various forms of wealth distribution/theft. What other system, other then a decentralized blockchain, gives full control to the populace without any centralized power structure that can be bought or manipulated?

>not realizing the populace does'nt want to be in control at all

You can say the same for amazon. They lose money on kindle sales and many other services, however this builds a consumer trust and benefit. At the same time they focus on scaling outwards and expanding which “ensures” that in the future they can turn a profit if they want to

If the population doesnt want to be in control explain the exaggerated hate from 50% of the us to the us president on every action he takes

>Why is immutability better than phoning Visa and telling them they've fucked up?
Visa can refund your money if they fuck up.

Literally it's just Jews inciting emotional reactions.....

Yeah, that's what I'm saying, if someone fucks up verifying your thing here what do you get? Dick all. There are contracts where someone has written something wrong and the supposed returns are stuck inside the contract. It's not like they've tried to exit scam, it's just stuck inside. And if there's a bug and someone steals from you, who pays you back? It's not going to be the magic faeries of decentralization.

It's not possible to have a decentralized blockchain without a market because decentralization is made possible by economic incentives.
So you're asking about something that can't exist.

The question is meant to remove your from your own personal incentive to find blockchain transformational.

If YOU didn't stand the theoretical potential of making it, what would be the astounding breakthrough of blockchain?

decentralized, anonymous exchange of value

The existence of crypto funadmentally disproves that notion. Some of us want control. The only question is at what percentage of total market cap does fiat become simply a tool to acquire crypto instead of crypto just acting as an investment of fiat?

exactly, everyone loves Trump!

you are the (tinfoil) minority, don't delude yourself
has literally nothing to do with the argument
people love to be upset
but no one wants to be in control since control leads to responsibility
you want someone else to be responsible so you can put the blame on him
you don't go out very often do you?

Please go to a normie site.

That's a different question. The goal is to recreate the impossibility of copying things in the digital realm to economically represent the real world. Forget about technicalities and imagine an ideal version: a system that exists as a physical law, infinitely scalable, anonymous and private and somehow accessible to every human by though.
It means death of big state. Nobody in Venezuela would use the bolivar any more. They would all use the global system to pay with something that represents something of value. In civil cases, rather than use the dysfunctional, expensive and corrupt legal system they prefer to use smart contracts.

The state of Venezuela collapses due to the impossibility of collecting taxes. Everyone's income and wealth (outside of immediate physical, ie. real estate) is hidden. It's impossible to confiscate automatically.
Some people can be tortured and forced to transfer what they have, but that absolutely doesn't scale, it's just too expensive.

Eventually the chaos subsides and new order emerges. This time, the 'state' is tiny and funded exclusively by property owners to protect it. Instead of one large country the largest sustainable unit is a city state. As digital wealth is anonymous and private, only two taxes remain: poll tax and property tax, which makes it naturally self-limit, as if the local authority charges too much, people move out and/or move their capital elsewhere. Income, wealth and consumption are impossible to enforce.

Venezuela and other dysfunctional third world countries are only the first. They start to form the economical base of the new system, a utopian world of micro-states. Social welfare and democracy is dead, never to return.

Remember, that's the ideal - current solutions are only approximations to the ideal system, so future won't look exactly like that. It's still better than what we have.
cont.

You might think we are a minority but on a global scale we can probably make a country of our own.

>"we"
get a grip on reality
your discord won't make anything

the other rich edgelords are already in the carribean and in shanghai doing blow and hookers and don't care about ideology

So the future is a world of crypto-induced anarchocapitalism where, as usual, white people all imagine themselves as rational islands while everyone else in the world thinks of themselves as members of a racial group and is group interested?

I'm sure that this won't even further degrade the quality of specifically white communities and the commodification of our culture. I'm sure this won't guarantee the annihilation of white people from the earth. I'm sure there aren't jews who are just giddy about the marketification of literally everything in existence.

What a horrendous society set out before us given the pithy characterization of "progress." A society where everyone and everything you know and love will be consumed and killed at the altar of "freedom" - freedom to sell and freedom to dir.

I hope that Vitalik and the other people who will bring about this future meet their justified punishment at the hands of those left out of this "utopia."

And I hope that people like you, so traitorous and uncaring toward your own people, get recognized by the mobs that form as the scoundrel that you are.

cont.
What's probably going to happen is this:
smart developed countries (so far, only American elites appear to be smart enough) realize that they too powerful (esp. due to surveillance) for the current semi-decentralized solutions to damage them, but that's not true for the weaker states. That's why it's not going to be banned.
Moving the financial system - almost everything - to the semi-decentralized blockchain is going to destroy third world states, as suddenly a normal person in eg. Zimbabwe or China is going to be able to store their wealth and transact with others on the blockchain. Probably as some sort of token bound to real world assets by the American law system.

It could technically be done on centralized solutions but the cruft of laws, regulations and international agreements is too heavy. All these regulations were created in a pre-internet world when subverting weaker states in that manner was impossible, so the only goal was to prevent local capital from running away.

That's why elites are currently massively investing. They are going to be early adopters in the global transfer of wealth never seen before. Africa, South America and most of Asia are going to be sucked dry of taxable capital.