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/biz/ - Business & Finance

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9176022 No.9176022 [Reply] [Original]

explain to me why blockchains will change the world without using buzzwords.

>> No.9176038

>>9176022
People can share data and digital assets without going through a government or company.

>> No.9176039

MMM MMM NONONO

>> No.9176055

>>9176022
100% FREEDOM BUT NOT LIKE AMERICAN FREEDOM, 100% F R E E D O M

>> No.9176073

blockchain based cloud synergy networks

>> No.9176080

>>9176022
we can use it to publicly keep track of everyones money without having to trust a bank or audit

>> No.9176089

Pretty much this. Its capitalism for Data, vs product and services like it is in real life.

>> No.9176100

Mommy’s Milkies

>> No.9176105

>>9176080
trust = pay

>> No.9176114

>>9176022

they cant print bitcoin to pay for the breakaway civilization

>> No.9176143

>>9176022
Decentralisation, new paradigm, trustless. The next ETH. Bitcoin 2.0
The chinese ETH
Dapps
Cloud storage
Token economics
AI.
Any questions?

>> No.9176162

>>9176022

Financial transactions are logged on the blockchain, getting rid of middleman (banks), and information are accessible by AI through the cloud revolutionizing the financial world forever.

>> No.9176188

>>9176100
milk truck just arrive

>> No.9176190

>>9176022
moar?

>> No.9176232

>>9176143

No buzzwords you fucking degenerate faggot.

>> No.9176252

eliminates third party.

First you have to understand what a ledger is and how important ledgers are to business. Even without a fiduciary element, ledgers are everywhere. From contracts and invoices for goods and services to Excel spreadsheets kept for timekeeping to entire relational databases used to store every bit of information a company has... it's all just a form of a ledger. Then you should realize why business B would need the information in one of these ledgers created, held and distributed by business A. Depending on the circumstances a person could imagine why it would be extremely important that business A keeps all of their information in thier ledger updated and correct. Then you would have learned what counterparty risk means and the need for a "trusted third party".

so, yeah, blockchain supposedly eliminates the need for a "trusted third party"

>> No.9176302

>>9176100
>>9176188
The queen ant. Time to serve master.

>> No.9176305

>>9176022
Smart contracts is probably the best meme, whenever that becomes mainstream. No need to deal with all these middle men, lawyers, contracts or any other cunts that want to charge a fee for providing a mandatory service.

If I want to buy a house or a car, no problem. I just press buy and all the contracts get executed automatically for minimal fees. And the security of it, at least on paper is pretty good for all kinds of applications.

>> No.9176336

KISS MY ASS


there you go

>> No.9176473

uncensorable money/data

>> No.9176507

>>9176022
You can send and recieve uncopyable and tamperproof public files.
You can make a network that is run by anonymous users acting in their own self-interest.

>> No.9176515

do milk

>> No.9176520

Did you just asked us to ELI5 blockchain?

>> No.9176562

>>9176022
Just a great pair of fucking tits right there. I wish I was born without empathy so I could fuck mistresses to my hearts content while keeping the mother of my children around and not feeling bad.

>> No.9176612

>>9176520
yOOO

>> No.9176642

>>9176562
she looks like a coal burner but i dig what you're putting down my man

>> No.9176673

>>9176162
Why would I want my transactions logged on a blockchain?

>> No.9176690
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9176690

>>9176022

>> No.9176703

>>9176673
security, proof of transaction

>> No.9176769

>>9176562

>beautiful tight blonde with 34DDs who wants to mother my children someday
>likes to fuck, play board games, and drink
>wears low cut top and shit, lets me feel whatever
>just told her we were too serious for me and she took her stuff from my place when she was about to move in

life is suffering dudes, the sex is great but it's not worth how much she will want from your life

>> No.9176783

>>9176673
an immutable transaction is incredibly powerful

>> No.9176793

>>9176703
How does that provide security? Who gives a fuck about proof of transaction, I already have that.

>> No.9176905

>>9176793
because the transaction has to be validated thus must be recorded on the blockchain.

>> No.9176954

>>9176022
SAUCE

>> No.9176989

HORIZONTAL SCALING DISTRIBUTED NETWORK OF NODE VERIFYING A DATABASE THROUGH SOLVING CRYPTOGRAPHIC KEYS USING A VARIATION OF PROOF OF BULLSHIT

>> No.9177029
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9177029

the world is no longer how it used to be mmm no no no

we aer coming and we are coming in waves

>> No.9177351

>>9176769
Gee... I wonder why the white race is dying...

>> No.9177412

>>9176022
no.