“Blockchain should be “deeply merged” with AI, big data and other new technologies to “empower” fintech applications, for instance” - the document says
Holy shit, blockchain merged with AI AND BIG DATA. Somebody get Softbank and Sequoia on the phone, Shanghai is going to be the first city with a quadrillion dollar market cap. How the fuck do I buy calls on Shanghai with margin
deleted by creator
I have a somewhat different perspective. It seems you are starting with the axiom that intellectual property is a real and valid thing, and that it’s somehow desirable to exist. My axiom is the opposite, and I have at least anecdotal evidence to back that up.
I don’t really care much about MSM or propaganda because I don’t ever subject myself to it.
Another thing is blockchains are inherently centralized. Contrary to silly con valley, capitalists, and their propaganda outlets, it is neither decentralized nor p2p. The part that is non-central is trust (¹ not really though) because it is “trustless”. This goes against the very basic wiring of the social brain, which is very intertwined with trust, even subconsciously, even when people don’t actually realize it. My theory is the reason why silly con valley and capitalists like “trustless” so much, is because they are all sociopaths, and they know that they themselves can’t be trusted, nor could their competitors/peers. So to them “trustless” is very appealing.
As for what China wants with it, I know only about medical records. They are in a partnership with Oracle to build a medical records Blockchain since around 2015 or therabouts. Oracle has always been greedy for medical records, my suspicion is because Larry Ellison wants credit for curing some disease, he also wants to make money violating people’s privacy to benefit USA medical insurance companies. For China, to believe their chief scientists and executives involved in the project, is they want to socialize medical research: to easily identify study participant candidates, as well as potential patients in need of intervention.
I personally believe that an open market of records custodians is a better solution to the use case you mentioned, from the patient’s perspective, as well as for the potential medical research use cases, to ensure positive consent and maintain privacy. Central blockchains fail at these things horribly. The reason why medical records are such an issue is providers like to make themselves custodians, which suffers from the same problems as blockchains for the most part.
For artists, DLC, and such, no gatekeepers are actually necessary. Look at artists like Louis CK and his direct to consumer special. He also self-produced a movie which is out in theaters and will be available for DTC as well AFAIK. I very much disagree with the release-for-free-with-hopes-of-increased-live-performance model, however. I favor a busking style voluntary pay-what-its-worth model. People who don’t pay will never pay, and pirate quality will necessarily be poorer, therefore less desirable. It also invites the wealthy to pay a lot more. Patrons of the arts used to be a thing. The blockchain model you mentioned still requires DRM and IP, which as I mentioned, I strongly disagree with.
¹You are still trusting the algorithm, the programmers, and the auditors of the code
deleted by creator
deleted by creator
It’s important that the equity thing is only available to people who already have their basic needs met.
deleted by creator
Very interesting point. Thanks for taking the time to write it.
deleted by creator
I put money in crypto. Not a bad thing to learn and experiment with using money you can stomach losing or having locked in there for a long time.
I’m a software engineer who has done very little research into blockchain admittedly but the issue I have with blockchain is that is it really the best solution or is it just the current hyped trend?
It is decentralized but you can achieve similar security and resistance with a proper cloud setup with replicated databases, monitors, self healing, backups/snapshots, rollbacks, security team, etc.
Proof of work also scales terribly, it’d be so much energy waste for a country like China or even a city like Shanghai
Proof of stake looks good but who’s gonna provide the stake? The Chinese government? Then that just centralizes it and might as well just have a normal date store setup at that point. The Chinese citizens? Highly doubtful China would allow that since staking is risking your savings
deleted by creator
How would NFT’s be used for things like documents, record keeping etc ?
deleted by creator
wow thanks for the explanation
Removed by mod
deleted by creator