Fair point, you’re totally right sorry. This is a good start: https://youtu.be/W4CePWWN1Xs
Fair point, you’re totally right sorry. This is a good start: https://youtu.be/W4CePWWN1Xs
That’s an ironic comment given that’s the same source the posted video uses too
Would honestly be better than the current options
All first world governments have some degree of corruption from money in politics, but don’t kid yourselves: USA is much worse than most
Hmm I don’t think that’s necessarily what OP is proposing. There are cryptos where transactions are anonymous.
Banks are already paying for servers to process and store information.
Yes
A few validators or collators (quite cheap for a private network) provided by several banks would cost a fraction of what they pay now
How? They’d be doing extra compute work for no reason (validating already valid transactions), and storing extra data (lots of hashes) for no reason, so it can only make infra costs more expensive. Plus the added complexity meaning you have to hire an extra team just to understand it.
Don’t mix blockchain with the speculative world built on top of it. That’s only an unfortunate use of the technology.
That speculative world as shitty as it is, is the only proven use case of the technology, if you take that away then blockchains are even less useful
All my points? That’s a bit rich
You make a good point that PoS would solve one of the issues I raised which is electricity usage.
In theory it could also increase throughput and reduce costs, but: a) in practice that hasn’t happened yet despite years of development, b) it’s never going to be as efficient as a centralised system because of the extra overheads necessary to decentralise it, so that point still stands
All my other points still stand as well, plus the additional problems PoS creates to do with centralisation of power
Ok so firstly you’re not the OP I was replying to, so neither of us know for certain whether they were talking about replacing the banking system with a decentralised currency vs keeping the existing centralised private banks and just having them use a blockchain as their database. I assumed the former because of their wording (“replace the banking system”), and because the latter offers no advantages that I know of.
Secondly if you think a blockchain would offer some advantages over other more efficient write only databases, I’d be interested to know what those are, because to me if you’re not running a decentralised system then you’re only getting the downsides of blockchain (such as it being single threaded, slow, and space inefficient) without any of the upsides.
For some background, I’m well aware of how both blockchains and crypto work, having been obsessed with them for a little while in 5 or 6 years ago like many of us were before becoming disillusioned. I’ve also got professional experience as a developer on both immutable databases and banking ledgers.
WebP was barely competitive with JPEG
Citation needed
So what, we’re not supposed to use any library that’s ever had a vulnerability? You better go uninstall literally everything on your computer then
It’s just the typical Lemmy hivemind hating anything made by a large tech company, purely because it’s made by a large tech company, even when it’s actually really good
JPEG-XL is better
Citation needed
A banking system running on Blockchain
Is an astronomically terrible idea. It:
Eh? On Linux you also aren’t supposed to log in as root, and you also have to individually set file permissions.
This issue is unrelated to windows, it’s a safety feature that all modern desktop OSes have
Why is Trump the only alternative? There have to be 1000 better democrats than Biden.
The same thing can be said of OSM. The way you pay is with your time
Yeah or alternatively just use the free service that already has all the data
My superpower is that I can plug in USB A the right way up on the first try pretty much every time
I think windows is a pretty good middle ground. Yes it’s annoying that you might need to install a 3rd party tool to give you a right click menu option to take ownership of any file/folder, but at least you can do that and it’s easy. And for normies that don’t have Linux-fu they’ll get into a lot less trouble than if you give them Linux.
MacOS on the other hand, if there’s something Apple decided users are too dumb to be allowed to do (which it turns out, is a lot of stuff), then you just can’t do it, period.