kryptonomist
Joined 7 years ago
Joined 7 years ago
The key factor when assessing a blockchain project is indeed to see what is the advantage of a blockchain vs a usual database.
Most of the time, there is none. Worse, cost of a blockchain is more expensive as pointed by the article.
And you still need an authoritative registry somewhere if there any physical item involved.
In addition to that, blockchain projects faces another business issue: to be really decentralized, you have to lose control of what you put on the blockchain, which is hard to conceive for a private company.
Before that, the only way to get a configuration at the same price was typically some Amstrad PC (typically the popular PC1512), far less capable in terms of graphics and music.
The Radio-Electronics TV Typewriter magazine is also mentioned by Steve Wozniak while working on the Apple I.
https://developer.apple.com/tutorials/swiftui-concepts/explo...
These were also true in the early ages of aviation:
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
― Antoine de Saint-Exupéry