babelchips

7 ms·

1.
by babelchips 3y ago
Link is fine for me
2.
by babelchips 3y ago
I am not interested in collectibles, I am talking about something much more interesting and practical. But to entirely dismiss the category because you are only privy to slow & expensive implementations or trivial use cases is like sayi
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by babelchips 3y ago
The press release was the first one that came up in my search that explained things clearly enough for the uninitiated. There are many other articles elsewhere covering these things if you care to look.
4.
by babelchips 3y ago
*international remittance
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by babelchips 3y ago
Here’s a discussion on the subject of the benefits of NFTs and the broader concept of tokenisation as it applies to supply chains and finance. https://youtu.be/kNgTR5lii4M?t=25m33s This is just one clip but the point is, re
6.
by babelchips 3y ago
-The complete removal of intermediaries (resilience, trust, immutability) -Instantaneous transfer Read more about Abrdn and Toko if you want to learn more.
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by babelchips 3y ago
- The instantaneous transfer of value between two parties, without an intermediary. - The ability to publicly and immediately prove ownership (chain of provenance) to a third party. - Multi-signatories, the ability for one or more parties t
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by babelchips 3y ago
I wasn’t conspicuously avoiding anything. I didn’t see you’d asked earlier. Examples given.
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by babelchips 3y ago
"How tokenisation could benefit investors The benefits of tokenisation extend to large investors as well, providing increased liquidity and the potential for additional value through asset fractionalisation. In this way, we can take a
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by babelchips 3y ago
Mostly Hedera spearheading IMO, but yes: https://www.dlapiper.com/en/insights/publications/2023/04/to... https://www.cryptowisser.com/news/redswan-cre-builds-its-tok... https:
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by babelchips 3y ago
I too am old. I hear you. But just because you could do those things back then doesn't prove your point. Businesses took the large part of the 90s, at the very least, to really get on board with those technologies. And it wasn't t
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by babelchips 3y ago
Those original internet services didn't solve problems for the vast majority of business (or people) immediately! The technology was solid from the start, but the adoption curve was far, far slower than you suggest. By a long shot. The
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by babelchips 3y ago
Because it’s happening slowly and people aren’t paying attention.
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by babelchips 3y ago
You’re referring to Proof Of Work (PoW). There are other methods which aren’t energy sinks.
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by babelchips 3y ago
How come?
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by babelchips 3y ago
Yes that is the actual benefit of NFTs. It's happening.
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by babelchips 3y ago
Indeed! On that note, if Douglas Adams were still alive he’d have cleared this entire situation up years ago. And it’s NOT that NFTs are themselves worthless… Reading below it’s clearly a perception problem. The fundamental concept of NFTs
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by babelchips 3y ago
Yes.
19.
by babelchips 3y ago
Incorrect. NFTs used for pictures of monkeys etc are now effectively worthless. NFTs as a technology, for tokenizing real world assets, is the far more interesting and useful part. https://www.ledgerinsights.com/abrdn-toke
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by babelchips 3y ago
I saw this video clip recently and it looks like people are building the infrastructure in the background. Reliable ground based sensors are an important area being addressed. https://twitter.com/thehbarbull/status&#x2F
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by babelchips 3y ago
Just like the market for tablets before the iPad and the market for smartwatches before the Apple Watch?
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by babelchips 4y ago
The way Datomic handles facts, accumulating them and providing point-in-time queries, is very effective. Facts can contradict each other. Old facts are not lost. Querying requires a notion of time - “as of”.
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by babelchips 5y ago
No, today we have servers with some form of leader or centralised point of failure. With a properly decentralised network any node can be taken down without taking down the entire network. Not all public DLTs are born equal however. Leaderl
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by babelchips 5y ago
Others can run the nodes. The point is the network of nodes are distributed and no node is more important than any other. They are all just peers.
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by babelchips 5y ago
Under 10 transactions per second globally is why Bitcoin isn’t used in retail. Micropayments and nanopayments require thousands and tens of thousands TPS. There are newer generations of crypto that can do that and with none of the energy co
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by babelchips 5y ago
When you can’t tell the difference between something that “feels like a cryptocurrency advocate pretending to write as if they were a skeptic” and something that’s maybe actually got a point, maybe rather than just dismiss it outright how a
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by babelchips 5y ago
The problem with that article is it confuses NFTs with NFTs being used as collectibles. It’s like criticising the JPG file format because a lot of people use it to just store pictures of cats. The practical use-cases for NFTs, tokenisation
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by babelchips 5y ago
Exactly this. There is a much bigger use-case for NFTs and tokenisation than just buying and selling JPGs.
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by babelchips 5y ago
It was a reply to the previous comment: “So far, all the consensus mechanisms that I know of employ a game of chance to select who gets to append the data.” Which seems to be the typical sentiment in comments when it comes to Blockchain tec
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by babelchips 5y ago
Then you haven’t heard of Hedera Hashgraph. Concensus with finality. No mining. https://www.hedera.com/learning/what-is-hashgraph-consensus

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