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Dan_Felder t1_j1f1q39 wrote

>Actually I kinda did mention multiple but it seems that you want to get stuck up on viewing this from a financial only perspective.

Nope, it's just that I'm giving examples of automated processes that already exist without the blockchain, and using finance as an example is an easy one.

You have unfortunately not provided use cases in detail for most of your use cases, which means I can't trust they're actually solutions to real problems requiring blockchain. You'd need to explain the "how" and demonstrate that it's better than alternatives with a convincing case. If you're worried about walls of text, I suggest writing more substance as generalized claims without specifics are not useful or convincing.

I can easily believe peer-to-peer communication has applications in certain industries, it's been used for a long time, but I doubt these require blockchain. If the goal is increased efficiency, blockchain generally slows everything down by definition. If the goal is simply "decentralization" then you can do it more easily without blockchain in most applications. I doubt firetrucks have a big need for "trustless" algorithm decision making.

I feel like I've covered the nonsense of the NFT aspect of this before, so I won't do so again in detail - but NFTs do nothing meaningful to protect artists. In fact, rightclick save into minting an NFT linking to the same image is a common way NFTs increased the amount of art theft going on.

I also find it's weird that you keep complaining about me responding to the financial use cases and keep providing me financial use cases - as this UN link is just a restatement of "blockchain creates trustless decentralized immunatable records of ownership". Like your examples of royalties and automated trading, this comes back around to finance and the problems with phishing and fraud are still massive here.

I actually think the UN has reason to be interested in blockchain because they often deal with one of my few usecases I do see as relevant: which is they deal with disputes between countries and political/financial powers where there's no higher governing authority to appeal to. The idea of a blockchain handling some of these issues for them would make them happy. However, the problems persist with the power dynamics as they always do and I've covered elseqhere in my posts. Won't keep restating them.

Creating backups to backups to backups of government records is already doable without blockchain tech as well and not relevant for most industries. It's also one of my few use-cases I consider semi-valid. The BIG problem here is that the expense of migrating all the existing data to a blockchain based solution is so inefficient and risks a lot of problems compared ot just saving and printing more backups.

Migrating data infrastructures is a pretty colossal endeavor and the rewards would have to be gigantic to justify it. Some governments will do it even if inefficient of course because it can enrich benefactors.

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