tag:blogger.com,1999:blog-8148573551417578681.post4926788466331575489..comments2024-03-18T10:15:25.269-07:00Comments on Dark Buzz: The blockchain is not efficientRogerhttp://www.blogger.com/profile/03474078324293158376noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8148573551417578681.post-4253443148784058702018-03-27T04:02:57.068-07:002018-03-27T04:02:57.068-07:00https://www.businessoffashion.com/articles/opinion...https://www.businessoffashion.com/articles/opinion/op-ed-blockchains-could-upend-the-fashion-businessJon Burdickhttps://www.blogger.com/profile/02548776058585897717noreply@blogger.comtag:blogger.com,1999:blog-8148573551417578681.post-30045024573318916242018-03-25T15:44:56.266-07:002018-03-25T15:44:56.266-07:00What can I say? I'm an incorrigible formalist....What can I say? I'm an incorrigible formalist. Neutering by "reform" sounds like something I need to mount a bulwark against.Jon Burdickhttps://www.blogger.com/profile/02548776058585897717noreply@blogger.comtag:blogger.com,1999:blog-8148573551417578681.post-49414687514709412092018-03-25T13:07:44.966-07:002018-03-25T13:07:44.966-07:00The patent best mode requirement is obsolete. Alth...The patent best mode requirement is obsolete. Altho still on the book, it has been neutered by patent reform.Rogerhttps://www.blogger.com/profile/03474078324293158376noreply@blogger.comtag:blogger.com,1999:blog-8148573551417578681.post-11565454510898144272018-03-25T12:47:24.303-07:002018-03-25T12:47:24.303-07:00Interesting. In law school, they taught us a blank...Interesting. In law school, they taught us a blanket rule: If "your" data (on a PC) differs from the bank's data (on some big iron), the bank wins. Blockchain solves that one. <br /><br />I'm glad Roger qualified one of his statements with the wording "projects like this". I'm almost finished writing a new patent application, and I figured I'd better explore the use of blockchain due to best mode requirement. If the limiting factor for my algorithmic application is real-time write speed, with reads being performed only lazily, post hoc offline, and auditability is critical, and ownership of the writes to the blockchain might be both valuable and less contestable because of the blockchain, I'm convinced I need to include it as an option within a dependent claim. Jon Burdickhttps://www.blogger.com/profile/02548776058585897717noreply@blogger.comtag:blogger.com,1999:blog-8148573551417578681.post-91850672983147268842018-03-21T10:57:31.598-07:002018-03-21T10:57:31.598-07:00Stupidest bubble ever. You can easily have a gold-...Stupidest bubble ever. You can easily have a gold-backed currency but Bitcoin people claim they want decentralization. Why? They don't trust Brinks with a prepaid card? It turns out that the blockchain makes all of your transactions public. Since the criminals found out it isn't even private, there is no more reason to use services like Bitcoin. People in inflationary countries like Venezuela can’t even use it because the transactions fees have been so high. It also gives no scarcity because you can fork it all you want.<br /><br />Here is the overall hype: "In this world every agreement, every process, every task, and every payment would have a digital record and signature that could be identified, validated, stored, and shared. Intermediaries like lawyers, brokers, and bankers might no longer be necessary. Individuals, organizations, machines, and algorithms would freely transact and interact with one another with little friction. This is the immense potential of blockchain." https://hbr.org/2017/01/the-truth-about-blockchain<br /><br />The problem is that a centralized system can work much cheaper to do the same exact things. The blockchain only has the ‘benefit’ of decentralization. There is no other advantage. The problem in our larger economy is that of regulation & monopoly, which is especially true of banking. The fundamental cost of the service is trivial. Hell, if the benefit was so great, the government could run it as a public service.<br /><br />This is similar to Uber. It's an app you can make in a weekend using public APIs for GPS and maps but it takes 20% of fares! It should cost a one-time sign-up fee and 20 bucks a year!MD Coryhttps://www.blogger.com/profile/05342743632013663077noreply@blogger.com