this post was submitted on 17 Dec 2023
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The way I read the article, the "worth millions" is the sum of the ransom demand.

The funny part is that the exploit is in the "smart" contract, ya know the thing that the blockchain keeps secure by forbidding any updates or patches.

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[–] shortwavesurfer@monero.town -4 points 11 months ago (28 children)

I do see potential use for them, but not in the way they are currently being used. I could see uses like door keys, tickets, memberships, etc being of practical value, but not stupid little pictures.

[–] silverbax@lemmy.world 19 points 11 months ago (25 children)
[–] shortwavesurfer@monero.town -4 points 11 months ago (24 children)

Besides the obvious of your door lock needing to be connected to the internet, and that could be a problem, what else do you see as being an issue with using it for door keys?

[–] logan_berries@lemmy.world 20 points 11 months ago (1 children)

Another question is: why would you need it for a key?

Long-established public/private keys and signatures are used in this way all the time to control access to servers around the world. No blockchain needed. Blockchain is helpful when we all need to agree on a series of events.

Homes are a nice example of where you can have an isolated system which knows what it needs to about you (e.g. a public key) without sharing or cross-checking anything with the world.

[–] shortwavesurfer@monero.town -5 points 11 months ago (3 children)

The chain would be used to establish who owns the home.

[–] DerisionConsulting@lemmy.ca 13 points 11 months ago

That sounds more like a land registry system, than a key.

[–] logan_berries@lemmy.world 8 points 11 months ago

That isn’t required for a key. What if I want to let my family member access the house tomorrow while I’m out? Do I have to sell it to them?

The key/lock relationship is not connected to ownership. Ownership could be connected to the ability to issue new keys, but even then the ownership doesn’t need to be logged in a blockchain for that - it can simply be signed by a key held by the land registry.

If you want to make an argument for using blockchains for the land registry then… go ahead, but it’s another discussion with a whole different set of arguments.

[–] ReplicatedSoda@startrek.website 2 points 11 months ago

Just like the NFTs in the article! Great idea
Lol

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