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?

  • kool_newt@lemm.ee
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    2 years ago

    I see blockchain technology and it’s potential as analogous to a globally shared spreadsheet where nobody can go back and change history.

    Now, just imagine what billions of humans could do if they could all work on the same spreadsheets without needing to trust each other.

    • Many financial institutions would be unnecessary
    • Ownership can be verified without need of paper and it’s risks of destruction, or trusting corporate computer networks. This applies to houses and boats just as much to movies and songs. Imagine commodity/utility music streaming validating your ownership of music via NFT ownership, not locked down by Apple, Amazon, or anyone else?