this post was submitted on 26 Jul 2023
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No Stupid Questions

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For a long time, I thought of the blockchain as almost synonymous with cryptocurrencies, so as I saw stuff like "Odyssey" and "lbry" appearing and being "based on the blockchain", my first thought was that it was another crypto scam. Then, I just got reminded of it and started looking more into it, and it just seemed like regular torrenting. For example, what's the big innovation separating Odyssey from Peertube, which is also decentralized and also uses P2P? And what part of it does the blockchain really play, that couldn't be done with regular P2P? More generally, and looking at the futur, does the blockchain offer new possibilities that the fediverse or pre-existing protocols don't have?

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[–] dragontamer@lemmy.world 1 points 1 year ago (11 children)

Merkel Trees are fine, and are how things like "Git" keep track of different files (and how distributed hash tables and file-sharing often work).

Merkel Trees are trees-of-hashes, which the cryptocoin world wants us to believe go by the new name of 'Blockchain', but people familiar with comp. sci history know that they're just flailing about making shit up.

Blockchain is an application of Merkel Trees. Merkel Trees have lots of good uses, but Blockchain doesn't seem to have much use after 10+ years of experimentation.

[–] dog@suppo.fi 0 points 1 year ago (1 children)

I mean look at big corpo/government servers. They're running an OS from 1980 and software that hasn't been updated since 1960's.

We'll get there. Eventually. Maybe.

[–] dragontamer@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

My Android phone's marketplace, Google Play, is literally newer than Bitcoin and I have government services + banking applications on it.

I think you're blind to how slow and inconsequential cryptocoin's entire world is at innovation. They've wasted 15 years. Literally wasted, the world has changed and they haven't noticed.

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