this post was submitted on 22 Nov 2024
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Please don't auto downvote before reading.

A little bit ago some asked a question about why the hate of the blockchain, and that got me thinking if there even was a legitimate use case where the blockchain would be beneficial, but I couldn't think of one outside maybe some sort of decentralized bank, but before I knew I was thinking it would instantly turn into some crypto scheme and strapped it, because crypto currencies are a scam on every level -- and no they aren't private or secret as some think either.

So I wanted to ask the community. Instead of using the blockchain for crypto, is there a better use where the blockchain could benefit society?

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[–] Fubarberry@sopuli.xyz 2 points 5 days ago (1 children)

I know several privacy focused apps use it for syncing data between multiple clients. For example Google Chrome syncs user data to your Google account, but Brave browser syncs user data using block chain.

I don't know if it's actually the best way to do that, but it's an option.

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[–] vin@lemmynsfw.com 1 points 4 days ago
[–] will_a113@lemmy.ml 1 points 5 days ago

It's a reasonable technology choice for whenever you need to have a ledger that is shared between multiple parties. Blockchain gives you an immutable (un-editable) history of transactions, including who made it, what it was, and where/when it happened, and gives all of the parties who are allowed to edit the ledger a way to trust in the outcome, even if the parties don't trust each other.

[–] dwt@feddit.org -3 points 4 days ago

I like git, most used version control system around these days. The way in which commits are hashed is very much a blockchain.

I also like public timestamp services, which are also often implemented as a blockchain

[–] HubertManne@moist.catsweat.com -1 points 5 days ago

Blockchain is perfectly fine. Its specifically certain crypto thats the issue as they use up to much energy for what they do. So for example bitcoin uses the energy intensive proof of work but then also artifically inflates its value such that it will always take more energy to make one as time goes by. So the amount of bit coins you could mine per barrel of oil was way less in 2010 in comparison to now and not just as a function of inflation. Regardless of that the proof of work is to energy intensive. Grid coing uses proof of stake and the computation is used to do useful work. So like im fine with that. blockchain is ultimately a distributed ledger which is fine but bitcoin was a poc of a possible use and unfortunately the creator did not realize the issues it would have energy wise if it was actually used as a form of currency. Bitcoin makes the k-cup guy look like the patron saint of environmental responsibility.

[–] lukhan@fedia.io -1 points 5 days ago

GREAT PFP🔥🔥

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