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/biz/ - Business & Finance


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16340157 No.16340157 [Reply] [Original]

WHY THE FUCK ISNT EVERYTHING ON A BLOCKCHAIN ALREADY REEEEEEEEEEE.
My identity, my passport, my voting rights, my citizenship, my land rights, my marriage status, everything about my biological makeup (blood type DNA etc), passwords, banking all on a PRIVATE PERMISSION blockchain already. Fucking tell me why and don't tell me its the jews

>> No.16340174

>>16340157
Government regulations are the reason.

>> No.16340191

>>16340157
Because private permissioned blockchains are a meme. Traditional database is better, faster, more efficient and cheaper. Crypto is the only use case for blockchain, everything else is dumb.

>> No.16340212

It's because the rabbi got herpes from a donkey owned by a blockchain enthusiast

>> No.16340225

>>16340191
Incorrect
If this is what you think, you dont understand business, data lineage, event driven systems, immutability

>> No.16340249

>>16340157
Smart contracts are a meme

>> No.16340396

>>16340225
Why don't you explain then why there was a shitton of partnerships, pilot programs and nothing came out of it? Everyone just fomoed in on blockchain buzzword but businesses eventually figured out they don't really need slow, inefficient immutable databases? Wow, who would've thought?

>> No.16340461

just wait a few years, mate. it's too cumbersome for the time being.
but mixicles (will) allow for it

>> No.16340487

>>16340157
Because the government isn't done developing it yet, And our technology and infrastructure is not capable of it yet. If blockchain technology wants to get used in america, It must run on mostly wireless networks to communicate efficiently on a mass adoption scale. 5G is making this possible, But the technology is simply not there.

>> No.16340551

>>16340157
This shit can barely function as a currency and you want to put legally binding documents on it? You're about 10 years too early friend