Can blockchain make people free from sexual urges? This is the strange question raised by Shawn Gordon, the author of Hackernoon. Well, at least this is the title of his half-joking post, and it raises the real question-do we believe that blockchain is all-powerful? Is this really the solution to all human problems? More importantly, can all these ICOs appearing today really deliver on their weird promises? According to Gordon, maybe we need to re-examine our expectations.
The point we expressed on Blockonomi is: we believe that blockchain and cryptocurrency (two independent but related concepts) are indeed the most important innovations of our time. Although blockchain is indeed such an important technology, it is not the ultimate solution for everything. In terms of solving some tasks, the blockchain is also very bad.
This is an excellent way to store critical small pieces of information in a distributed network. This is a great way to keep an unchanging record of events, and it is a revolutionary way to create a fully digital form of cash, without the need for middlemen or gatekeepers.
New uses of blockchain are always emerging. Although many of them are really interesting, some of them may not be possible in our lifetime.
Garbage data input and outputGordon put forward the point of using blockchain technology to integrate logistics and tracking systems is that they can only provide good and reliable information. But this system still relies heavily on human input, and humans are notorious for producing erroneous, inaccurate or deliberately forged data.
This refers to a concept called "garbage data input and output". Fundamentally speaking, if the data provided to the blockchain project is of poor quality, then no matter how advanced the system is, the output data can only be called junk data.
In the case of a logistics system, if humans are motivated to lie about the origin of goods, then we have good reason to think this will happen.
Speaking of their experience at a conference, Gordon wrote: One of them told me that blockchain will ensure that your organic bananas have never actually used pesticides. This is a ridiculous assertion that can be traced back to the early stages of computing, namely GIGO (Garbage In/Out).
Far-fetchedWe will not list specific projects here, but apply a general concept to one or more different so-called blockchain projects or ICOs.
Gordon wrote: Recently I was chatting with a guy at a blockchain party and he told me about his new ICO. He and I defended to ensure that they thoroughly deal with the challenge. I found that there are actually no blockchain programmers or technical experts in their team, but the ICO should start issuing within these weeks. I laughed……
With this in mind, let us review some of the more far-fetched ideas that we think are unlikely to become reality, or see many applications in the next ten years or so.
Blockchain alternative legal systemIn the past year or so, there have been projects that focused on providing something they would call dispute resolution services, or even in some cases, a jury service. These systems claim that through the use of smart contracts, individuals can effectively "sue" each other when business or personal transactions go wrong.
This number of fake litigation or arbitration cases is then submitted to a randomly selected group of voters, who decide who is right and who is wrong. No matter who wins the majority of votes, the winner of the case will be determined, and the smart contract will release or withhold the payment accordingly.
What makes this type of project seem too unrealistic is that, usually, voters or jury members are financially motivated to make them act in a way that may be unfair. Therefore, they are motivated to vote with their wallets, rather than with their hearts and beliefs.
In a project, only the voters who voted for the winning party will be paid for their participation. This means that if a voter truly believes that option a is the correct answer, but option B is most likely to win, then they will be motivated to choose option B, even though option B may be objectively wrong.
Blockchain solves povertyAt least a few projects are selling this approach, giving away their tokens to anyone and everyone for free, which will solve the poverty problem to some extent. These projects often compare themselves to the controversial concept of Universal Basic Income (UBI). UBI was an experiment attempted by Finland, which was later considered a failure.
The problem with this idea is that while the intention may be good (unless the result is a scam), freely issued tokens will inevitably become worthless. Bitcoin is valuable because it is not a free gift, and it is difficult or expensive to buy.
Cryptocurrency can bring modern finance to underserved areas, which can change people's lives, but tossing out tokens for free is not good for anyone.
Mark everythingAnother trend in the blockchain space is to believe that everything and everything must be marked. Cars, houses, office buildings, airports, military, furniture, pets, everything you can think of will be marked.
It is certainly fun to label real estate, but the ability to deceive or suffer GIGO is too high. Most services that wish to provide tokenization rely on paid "experts" to verify real-world assets before creating and selling split tokenized smart contracts. But how can we trust these so-called experts? What can stop them from listing a skyscraper that doesn't exist, then pocketing millions of dollars in proceeds, and then disappearing?
The simple fact is that people cannot fully believe in these tokenized things, and these symbolic assets cannot represent all of the East.
ConclusionAs Shawn Gordon said: Blockchain is a technology, it is not a religion, it is not magic, and it does not make sex obsolete. Through good design, proper planning and solid execution, you can use blockchain technology to solve some practical problems.
For us, the thought of entering a new market or the bottom of technology is definitely exciting. However, it is important to remember that we are still living in the real world and blockchain is just another way of doing things that have been done for thousands of years. In other words, he is only recorded as a medium of exchange value.
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Heating non - combustion products are electronic devices containing tobacco. When you heat them, they produce a nicotine-containing vapor that you can inhale.
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Although both are electronic devices, heated non-combustible products are also different from e-cigarettes or steam devices. These usually use chemical liquids and do not necessarily contain nicotine. E-cigarettes tend to heat liquids to around 250 degrees Celsius to produce vapor.
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