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How can blockchain change the world for the better

 
VenusRose
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02/09/2018 03:51 PM
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How can blockchain change the world for the better
throwing these thoughts here maybe they'll be interesting for someone

in a nuthsell for the first time in human history it is technically possible to solve all the big problems that plagued us: perfect rule of law, total eradication of corruption, theft and crime in general, global poverty and basically anything that was a nice idea but ended up being confiscated by meager human interests.

blockchain

as was initially created by satoshi, blockchain is basically a way to use a decentralized network of peers to solve the problem of trust, and do away with the need to have a central authority to certify the validity of transactions.

one of they key concepts is asymmetric cryptography which encrypts stuff based on a private and a public key. You use the private key to encrypt and the system is hard coded that there is no other way to bypass this private key. At the same time while you can keep complete control of certain aspects of information and rights, you can make other parts of it public and accessible by anyone who has the public key.

to give a short example in a file sharing protocol based on blockchain those maintaining the network (e.g. torrent sites) won't have access to the encrypted content. A platform where you log in through the blockchain, won't be able to recover your private key (password) in any way. You forget your private key, there's no other way to regain access to it.
So for example a torrent blockchain can't be held accountable for whatever the encrypted content of a certain individual might contain, for the reason they can not possibly know what it's there. Or you assets which are hard linked with your private key can't be confiscated in anyway without you giving the private key.

another important thing is that a blockchain keeps the entire history of its ledger, and the method of validation rests upon keeping this history. No one has the power to delete or modify a transaction from history.

blockchain in itself, by eliminating the need of third parties to certify the transactions between parties, because the third party is the network itself, makes banks and other institutions obsolete.

smart contracts and rule of law

advanced blockchains like ethereum and many others make their transactions as 'smart contracts'.
This means that whenever there is some exchange between parties this is modeled like a contract, exchanging rights and obligations.

the big deal with building contracts at the very core of the language is that you can start re-codifying actual real laws into 'smart contracts', that is you write them in a way that the network will understand.

And the network is the one which will enforce the fulfillment of the contract/law. And with this you have absolute rule of law. The law will apply the same to everyone, irrespective of position or personal power.

Combined with the inherent transparent of the blockchain, rules will be applied to everyone without exception.

of course you can envision the way this might lead to a big brother totalitarian state. But this amounts the what laws will be made and if they are just. If you will embed the constitution in such a smart system that will know how to apply it, you will have a free society based on the constitution, and this can never be bypassed to rhetoric, arbitrary exceptions or errors made by humans.


Privacy and transparency

in a free society you need both. In the pre-blockchain era these two were in a kind of contradiction. Simply because private information could be obtained by other parties that could misuse it against your personal interest.
At the same time the more you know and is public, the less possibility for crime.

The best possible combination is to have that which needs to be private 100% private and at the same time have all the information to be able to track down crimes.

This mix is made possible by the blockchain.
For example, in the case of elections you can be certain all votes are accounted for and legit, and the counting is error free by using the technological means (digital identity) to do it without the need of humans. Also the network can keep public all the relevant information like how many votes for each candidate, but will keep ecrypted and private the real identity of the individuals. IN this way no other human will be able to obtain that information from the system, and also there will be no possibility of error.

corruption and theft

imagine that you create a crypto without a value in itself as money but more like a counter-part to certain parts of the real money which it will be able to trace in a very detailed way.
And all the public spending you require it to be done using this crypto as a method of payment. This way you won t be able to use those money for other purposes, all the details will be public.

as for theft, advanced blockchain have embedded the possibility of using digital identity of real individuals (which as was explained above can be built in such a way so to keep sensitive private information out of the reach of any human individual). With this features money will have written on them that they are yours and, therefore stealing them would become impossible.

there are many other way in which blockchain could be used to change the world for the better, if anyone is interested would be a nice convo
Anonymous Coward
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02/09/2018 03:53 PM
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Re: How can blockchain change the world for the better
I won't. It will be used against us by oppressors.

Thank you, bitcoin retards, for letting them do a dry run.
Anonymous Coward
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02/09/2018 03:55 PM
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Re: How can blockchain change the world for the better
Good stuff, OP!

The Ethereum platform should eventually do away with lawyers who specialise in contract law.

That's for starters.

No wonder TPTB hate it, and are desperately rolling out Ripple and their "me too" bankster apps.
Anonymous Coward
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02/09/2018 03:55 PM
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Re: How can blockchain change the world for the better
the perfect form of global enslavement realized

THE BLOCKCHAIN
Anonymous Coward
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02/09/2018 03:56 PM
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Re: How can blockchain change the world for the better
I won't. It will be used against us by oppressors.

Thank you, bitcoin retards, for letting them do a dry run.
 Quoting: Anonymous Coward 75716984


It could, it could radically transform our economy by eliminating the need for banks and credit by coupling encrypted blockchains with asset backed cryptos and real bills.
VenusRose  (OP)

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02/09/2018 04:00 PM
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Re: How can blockchain change the world for the better
I won't. It will be used against us by oppressors.

Thank you, bitcoin retards, for letting them do a dry run.
 Quoting: Anonymous Coward 75716984


the perfect form of global enslavement realized

THE BLOCKCHAIN

 Quoting: Anonymous Coward 72262384


those 'oppressors' you guys speak of would;ve been perfectly fine enslaving us without blockchain.

credit cards and rfid chips would've been enough and would've been run by them like they always been

Last Edited by VenusRose on 02/09/2018 04:03 PM
VenusRose  (OP)

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02/09/2018 04:03 PM
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Re: How can blockchain change the world for the better
Good stuff, OP!

The Ethereum platform should eventually do away with lawyers who specialise in contract law.

That's for starters.

No wonder TPTB hate it, and are desperately rolling out Ripple and their "me too" bankster apps.
 Quoting: Anonymous Coward 76225431


I won't. It will be used against us by oppressors.

Thank you, bitcoin retards, for letting them do a dry run.
 Quoting: Anonymous Coward 75716984


It could, it could radically transform our economy by eliminating the need for banks and credit by coupling encrypted blockchains with asset backed cryptos and real bills.
 Quoting: Anonymous Coward 30194358


yes and so much more

for example within the blockchain it is possible to crowdsource the entire knowledge of humanity on behalf of humanity...which is kind of easy to see it will bypass any corporate owned patent
Anonymous Coward
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02/09/2018 04:05 PM
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Re: How can blockchain change the world for the better
I pose this question:

Will 2+2=5 if the blockchain consensus agrees?
VenusRose  (OP)

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02/09/2018 04:05 PM
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Re: How can blockchain change the world for the better
and connected, i love new banking services which are not run by the old guys like revolut
VenusRose  (OP)

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02/09/2018 04:07 PM
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Re: How can blockchain change the world for the better
I pose this question:

Will 2+2=5 if the blockchain consensus agrees?
 Quoting: Anonymous Coward 51812697


solve the equation of constitutional and democratic decision layers and you have your answer
Duncan the destroyer

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02/09/2018 04:09 PM
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Re: How can blockchain change the world for the better
People only care about blockchain right now due to greed,that's it.They look at it as a vehicle to make lots of money NOT a better way of life.
Blockchain will eventually be corrupted and abused by those in control again due to greed.
Duncan the destroyer
VenusRose  (OP)

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02/09/2018 04:09 PM
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Re: How can blockchain change the world for the better
it still puzzles me how so many guys around ehre who are supposedly true believers in the Constitution fail to see the significance of this.

embed the Constitution in a blockchain using smart contracts and you will eliminate the possibility of any human organization or individual to infringe the Constitution
The Comedian :D

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02/09/2018 04:11 PM
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Re: How can blockchain change the world for the better
I won't. It will be used against us by oppressors.

Thank you, bitcoin retards, for letting them do a dry run.
 Quoting: Anonymous Coward 75716984


hick

Excellent post OP.

fivestars
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VenusRose  (OP)

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02/09/2018 04:12 PM
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Re: How can blockchain change the world for the better
People only care about [placeholder] right now due to greed,that's it.They look at it as a vehicle to make lots of money NOT a better way of life.
[placeholder] will eventually be corrupted and abused by those in control again due to greed.
 Quoting: Duncan the destroyer


your statement is of a general nature, you could replace 'blockchain' with anything.

this way of putting it fails to see what's so different with blockchain from the old way of running things that eventually fell down the road of corruption
Anonymous Coward
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02/09/2018 04:12 PM
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Re: How can blockchain change the world for the better
I pose this question:

Will 2+2=5 if the blockchain consensus agrees?
 Quoting: Anonymous Coward 51812697


solve the equation of constitutional and democratic decision layers and you have your answer
 Quoting: VenusRose



do you understand why there's a house of representatives?


.
The Comedian :D

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02/09/2018 04:13 PM
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Re: How can blockchain change the world for the better
Good stuff, OP!

The Ethereum platform should eventually do away with lawyers who specialise in contract law.

That's for starters.

No wonder TPTB hate it, and are desperately rolling out Ripple and their "me too" bankster apps.
 Quoting: Anonymous Coward 76225431


fuckina
Saint Comedian, Patron Saint of Bringing the Butthurt to Dipshits

‘There are some assholes in the world that just need to be shot.’ - General Mattis, USMC, Secretary of Defense

[link to www.godlikeproductions.com]

"Subterfuge and social pressure are the wheel and fire of the 21st century" - Some asshole

Legal Disclaimer: All comments are intended as humor and/or fiction and not advice, and not to be confused with any event or person, living or dead.
VenusRose  (OP)

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02/09/2018 04:15 PM
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Re: How can blockchain change the world for the better
I pose this question:

Will 2+2=5 if the blockchain consensus agrees?
 Quoting: Anonymous Coward 51812697


solve the equation of constitutional and democratic decision layers and you have your answer
 Quoting: VenusRose



do you understand why there's a house of representatives?


.
 Quoting: Anonymous Coward 75402404


do you have a point to make? one complying with debate standards if possible
The Comedian :D

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02/09/2018 04:17 PM
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Re: How can blockchain change the world for the better
for example within the blockchain it is possible to crowdsource the entire knowledge of humanity on behalf of humanity...which is kind of easy to see it will bypass any corporate owned patent
 Quoting: VenusRose


People need to read this carefully and several times.

This is exactly the project I'm working on now.

clappa
Saint Comedian, Patron Saint of Bringing the Butthurt to Dipshits

‘There are some assholes in the world that just need to be shot.’ - General Mattis, USMC, Secretary of Defense

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"Subterfuge and social pressure are the wheel and fire of the 21st century" - Some asshole

Legal Disclaimer: All comments are intended as humor and/or fiction and not advice, and not to be confused with any event or person, living or dead.
VenusRose  (OP)

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02/09/2018 04:20 PM
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Re: How can blockchain change the world for the better
for example within the blockchain it is possible to crowdsource the entire knowledge of humanity on behalf of humanity...which is kind of easy to see it will bypass any corporate owned patent
 Quoting: VenusRose


People need to read this carefully and several times.

This is exactly the project I'm working on now.

clappa
 Quoting: The Comedian :D


hit me up with an email. i work on similar things.
Anonymous Coward
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02/09/2018 04:23 PM
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Re: How can blockchain change the world for the better
Oh, look the robin from batman wannabe invades the thread and insults anyone who disagrees with him.
Anonymous Coward
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02/09/2018 04:24 PM
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Re: How can blockchain change the world for the better
blockchain idiots are everywhere.buahahahaha
Anonymous Coward
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02/09/2018 04:25 PM
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Re: How can blockchain change the world for the better
People only care about blockchain right now due to greed,that's it.They look at it as a vehicle to make lots of money NOT a better way of life.
Blockchain will eventually be corrupted and abused by those in control again due to greed.
 Quoting: Duncan the destroyer


trump-HRYK
Anonymous Coward
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02/09/2018 04:39 PM
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Re: How can blockchain change the world for the better
People only care about blockchain right now due to greed,that's it.They look at it as a vehicle to make lots of money NOT a better way of life.
Blockchain will eventually be corrupted and abused by those in control again due to greed.
 Quoting: Duncan the destroyer


Life's not pretty, My cat slaughtered a beautiful finch yesterday, only munched on it a little, what a waste!

Besides... distributed consensus will make for a market with less parasites in the pipes.
Anonymous Coward
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02/09/2018 04:39 PM
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Re: How can blockchain change the world for the better
People only care about [placeholder] right now due to greed,that's it.They look at it as a vehicle to make lots of money NOT a better way of life.
[placeholder] will eventually be corrupted and abused by those in control again due to greed.
 Quoting: Duncan the destroyer


your statement is of a general nature, you could replace 'blockchain' with anything.

this way of putting it fails to see what's so different with blockchain from the old way of running things that eventually fell down the road of corruption
 Quoting: VenusRose


Then why do we need blockchain if it will be the same result? Sorry, but there's zero benefits unless you are "working on it" and will reap some of the benefits.
Anonymous Coward
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02/09/2018 04:42 PM
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Re: How can blockchain change the world for the better
Who knew bookkeeping could be so glamorous?
VenusRose  (OP)

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02/09/2018 04:48 PM
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Re: How can blockchain change the world for the better
People only care about [placeholder] right now due to greed,that's it.They look at it as a vehicle to make lots of money NOT a better way of life.
[placeholder] will eventually be corrupted and abused by those in control again due to greed.
 Quoting: Duncan the destroyer


your statement is of a general nature, you could replace 'blockchain' with anything.

this way of putting it fails to see what's so different with blockchain from the old way of running things that eventually fell down the road of corruption
 Quoting: VenusRose


Then why do we need blockchain if it will be the same result? Sorry, but there's zero benefits unless you are "working on it" and will reap some of the benefits.
 Quoting: Anonymous Coward 75716984


it won t be the same result that's the whole point.

you need blockchain to deal away with the hierarchical society model

you finally solve the problem of 'who watches the watchers' because the watching is done in a distributed network by everyone and most of it is automatized in a transparent way.

you deal away with the possibility of human beings abusing their offices/roles in arbitrary manners
VenusRose  (OP)

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02/09/2018 04:49 PM
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Re: How can blockchain change the world for the better
Who knew bookkeeping could be so glamorous?
 Quoting: Anonymous Coward 73285116


there is finally a way to deal away with all that double bookkeeping
Anonymous Coward
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02/09/2018 04:53 PM
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Re: How can blockchain change the world for the better
for example within the blockchain it is possible to crowdsource the entire knowledge of humanity on behalf of humanity...which is kind of easy to see it will bypass any corporate owned patent
 Quoting: VenusRose


Like wikipedia?
Truthserum

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02/09/2018 04:56 PM
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Re: How can blockchain change the world for the better
Oh please, Mankind (oops...PERSONkind) doesn't have the ability to make the "World" better....

Hell....we can't even make ourselves better, as a whole...
FACTS Don't Give a DAMN about your FEELINGS!
Truthserum

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02/09/2018 04:57 PM
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Re: How can blockchain change the world for the better
People only care about blockchain right now due to greed,that's it.They look at it as a vehicle to make lots of money NOT a better way of life.
Blockchain will eventually be corrupted and abused by those in control again due to greed.
 Quoting: Duncan the destroyer


Blockchain is technology...Crypto Currency is where the greed is...
FACTS Don't Give a DAMN about your FEELINGS!
Anonymous Coward
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02/09/2018 04:58 PM
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Re: How can blockchain change the world for the better
I'm actually involved in a technology right now called Matryx, which is a blockchain based collaboration platform geared towards STEM related research and development.

It's ultimately a product of a company called Nanome, which has created nano particle graphing and mathematic graphing VR systems called NanoPro and Calcflow.

Their goal with the blockchain collaboration platform (Matryx) is to bring together research collaborators and provide a virtual reality environment and which they can model and create various compounds and improve on existing compounds to advance scientific research and development.

They're already in partnership with HTC Vive, various pharmaceutical institutions, and educational institutions like MIT.

I've been out of the whole cryptocurrency blockchain world for a few months since as another AC posted above most people have just been treating it strictly as an investment potential to turn a profit on coin values and completely ignoring the advancements that can be made in our lives through blockchain ledgers.

I kept my MTX coins however since I truly believe out of the hundreds of various cryptocurrencies out there Matrix is one that is actually taking the capabilities of blockchain and creating something that can better mankind.

Awesome thread OP





GLP