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Blockchain tech will result in a hyper-acceleration into GC hell
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Date: March 3rd, 2017 12:04 PM Author: embarrassed to the bone temple The concept of an open, public ledger is extremely cool tech, and it will no doubt result in very interesting, if not unimaginable, implementations. I think there is a real possibility that the internet to date, viewed in a post-blockchain world, will bee seen as quaint and a mere prelude to the true networking of society.
It's also going to decimate what's left of genuine, substantive local economic communities. I hate to use pop-culture references, but it is basically going to be like the Dark Mirror episode where people's quantitative score on a social network app determines their opportunities, but much worse. Blockchains will maintain quantitative metrics on all aspects of everyone's life, and these metrics will be applied to determine the privileges and burdens that society bestows on an individual. While this is bad enough, its not the part that is truly terrifying.
Opaque private institutions will also be afforded benefits and privileges based upon its metrics. At first blush, this may seem like a good thing, but there will be fortunes at stake based upon these metrics. As such, private institutions will go to great lengths to "influence" the public's conception of societal norms. If you think the GC influenced SJW agenda is bad today, just wait brothers, it's going to get a hell of a lot worse.
From a more technical, though no less interesting, perspective, blockchain tech will also have an inconceivable effect on various industries' norms and practices. To the extent these norms and practices determine parties' obligations to each other, they will be quantified, measured and published on an "objective" basis. At every step, private institutions will be gaming the system to their benefit, while doing what is necessary to game the public so that their reputation metrics remain acceptable.
I almost concluded with the assertion that "the blockchain" will be God incarnate. This assertion, however, misses the mark, not because it overstates the influence the blockchain will have over humanity. It's going to have the same effect on society as modern transportation, telephones, television, and the internet combined. The blockchain will be antithetical to God because it it will strip all humanity from humanity. It will be Satan incarnate. |
Date: March 3rd, 2017 12:05 PM Author: Territorial trailer park yup, so invest in it, get rich, and relocate to South America/Asia (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743505) |
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Date: March 3rd, 2017 12:09 PM Author: embarrassed to the bone temple There will be no escaping the blockchain, brother. It will be omnipresent. (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743538) |
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Date: March 3rd, 2017 12:11 PM Author: bat shit crazy scourge upon the earth shitpost (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743551) |
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Date: March 3rd, 2017 12:12 PM Author: embarrassed to the bone temple Absolutely, but it's true. (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743557) |
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Date: March 14th, 2017 3:06 AM Author: Appetizing garnet school explain (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32825590) |
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Date: March 3rd, 2017 12:25 PM Author: embarrassed to the bone temple (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743678) |
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Date: March 3rd, 2017 12:31 PM Author: crawly arousing fanboi puppy What is it. Some kind of cloud based enterprise solution for ecommerce synergies? (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743724) |
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Date: March 3rd, 2017 12:36 PM Author: embarrassed to the bone temple A blockchain is a ledger of facts, replicated across several computers assembled in a peer-to-peer network. Facts can be anything from monetary transactions to content signature. (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743775) |
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Date: March 3rd, 2017 12:43 PM Author: crawly arousing fanboi puppy Is this some kind of gamergate bullshit? I have PhDs in computer science and systems engineering and I can't make heads or tails out of what you said (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743815) |
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Date: March 3rd, 2017 12:45 PM Author: Unholy Carmine Friendly Grandma It's an online transaction ledger. Kind of like time and sales and level 2 data, but for everything. I barely get this either (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743828) |
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Date: March 3rd, 2017 1:15 PM Author: embarrassed to the bone temple Yes.
Once data is added to the blockchain, it is accessible by everyone and cannot be removed, ever. Further, data cannot be removed form the blockchain without causing a crisis level event. |
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Date: March 3rd, 2017 1:19 PM Author: Vibrant forum Moving to blockchain is going to be disastrous for the world but not for the reasons you identify, but because every hashing algorithm is eventually broken via collision-generation techniques, and once the one used by a given blockchain is, then a malicious entity will be able to rewrite early transactions in a blockchain to forge information amendment: i mean blockchains that are publicly accessible/writable
bitcoin is going to become really fucked once quantum computers are implemented and become accessible to more than a few giant nations
nb my knowledge of blockchain algos is limited so i could be wrong, and i do mean to look into the tech more because it's right up my alley bc i have a math degree, made my $ in tech, and was once a lolyer |
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Date: March 3rd, 2017 1:25 PM Author: fishy field prole cr
SHA-1 has already been defeated
All encryption eventually is |
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Date: March 3rd, 2017 2:05 PM Author: Swashbuckling at-the-ready theater SHA-1 hasnt really beeb defeated. You need a $1 million in hardware to crack like 2 keys per day. Good luck with that. The NSA and Google can exploit it. But even a super skilled hacker still needs a million fucking dollars worth of servers to so it. Who the hell has that? (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32744435) |
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Date: March 3rd, 2017 2:07 PM Author: Spectacular cobalt menage love of her life you can incorporate the one hash collision already found into larger files and still get a hash collision
https://www.reddit.com/r/Bitcoin/comments/5vqd6k/sha1_collision_bounty_has_been_claimed/
someone already made bitcoin on it |
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Date: March 3rd, 2017 4:51 PM Author: Chartreuse pungent mental disorder See http://valerieaurora.org/hash.html ; Reactions to stages in the life cycle of cryptographic hash functions
Stop talking about things that you know nothing about. |
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Date: March 3rd, 2017 2:10 PM Author: embarrassed to the bone temple I am a tech neophyte relative to you, but its my understanding that that, theoretically speaking, the ability to create ever more secure encryption should always be a couple steps ahead of the ability to crack the encyption, right? If so, a blockchain can be forked to implement new and improved encryption. Forking a blockchain is not a trivial matter, but these systems have been built to include that functionality and, in fact, have been forked several times. (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32744465) |
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Date: March 3rd, 2017 2:12 PM Author: Spectacular cobalt menage love of her life it depends on future developments in cryptography. if current encryption/hashing methods are defeated people will try to come up with new ones, but it's not easy to predict new developments in cryptography. we don't know whether the day will come when it is very hard to come up with something which has not yet been cracked or the day when we will perfect a provably secure method (if either) (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32744482) |
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Date: March 3rd, 2017 2:18 PM Author: Swashbuckling at-the-ready theater Once you pick a hashing algo for a blockchain you cant change it. Basically every 15 years or so as the hardware gets better and the attacks get more sophisticated you will have to completely dump one blockchain standard for another. Thats the only drawback. Its still worth doing for banks because they can fire 50-80% of their accountants, auditors and compliance people and the lawyers too. Audit becomes super easy. AML compliance becomes totally automated. Humans in the backoffice become obsolete. You have perfect knowledge of each transaction without the obsolete primitive Cobol era databases credit card cos still use. (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32744528) |
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Date: March 3rd, 2017 2:24 PM Author: embarrassed to the bone temple To be clear, a blochain can be forked and a new algorithm implemented for the forked blockchain, but you are correct that if anyone has a stored copy of the blockchain, its algorithm obviously cannot be upgraded. (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32744572) |
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Date: March 3rd, 2017 2:17 PM Author: embarrassed to the bone temple But your point about these crypto-currencies being open to exploits is a valid one, and it is a primary driver of my belief that Ethereuem will likely end up being the dominant crypto-currency. The tech built into makes it much more susceptible to exploits than Bitcoin, but the utility of Ethereum's blockchain will be so significant, the risk of exploits arising from the increased utility will be accepted. (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32744519) |
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Date: March 3rd, 2017 2:20 PM Author: Swashbuckling at-the-ready theater My bank already had a CLE on Ethereum. 200 lawyers in the room. (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32744547) |
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Date: March 3rd, 2017 12:44 PM Author: Laughsome church building ladyboy can you tell us how we can make money from this? (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743818) |
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Date: March 3rd, 2017 12:45 PM Author: Beady-eyed striped hyena Buy Bitcoin and ethereum. (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32743825) |
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Date: March 3rd, 2017 2:43 PM Author: black comical parlor multi-billionaire http://www.stashcrypto.com/ (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32744754) |
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Date: March 3rd, 2017 4:47 PM Author: embarrassed to the bone temple (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32745877) |
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Date: March 3rd, 2017 10:32 PM Author: embarrassed to the bone temple (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32748167) |
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Date: March 14th, 2017 3:02 AM Author: bearded kitchen affirmative action (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#32825579) |
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Date: July 20th, 2018 12:47 AM Author: soul-stirring lilac patrolman stock car (http://www.autoadmit.com/thread.php?thread_id=3542195&forum_id=2#36463737) |