this post was submitted on 20 Aug 2023
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Asklemmy
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Block chain - there's still no legitimate practical use for it
I wouldn't agree, but I have no example in mind, so I agree (?)
A legitimate practical use is anonymised online transactions using cryptocurrencies designed for such purposes (like Monero)
To buy drugs, guns and hitmen right? Otherwise stick to paypal m8.
Might as well use reddit if you cant see a little (if not a lot) of benefit to using something decentralized over its centralized counterpart.
The anonymous aspect and lack of fees/operation should be self explanatory.
The problem is that is used for illegal shit moslty. Be it the aformentioned or scams. And the problem is that money as a concept is centraliced and controled by whatever entity holds the most of whatever is based on, be it gold or whatever. It shouldnt but it is. And the whole " you better use reddit since you suck centraliced feet" thing, to that i say to you grow up.
We use it for asset tracking and document control
When you buy real estate, they have to do a title search to ensure you own the property. Block chain could be the replacement.
Well there is if you are looking for illegal goods like drugs, guns and others.