Over the years I feel brainwashed by the thoughts of others with no willpower to affirm my own beliefs.

Simply, to me blockchain/crypto is this idea of P2P communication where the intermediate technology that “handshakes” our connection isn’t essentially governed by a centralized entity. But, “handshaking” in this world costs and gas is often times used as the processing/energy to enact this exchange.

Now, for what can be exchanged, it can be quantities of an item. Or information stored within an item. Kind of like Pass by value vs. Pass by reference, in a weird way? Or cryptocurrencies vs. smart contracts?

Now, my own belief is, comparing this system with torrenting, seeding and other technologies that existed long ago. What makes “blockchain/crypto” so valuable that cannot be solved with the technology invented prior to it. To me, it seems like there is extra charge and latency and thus just more negative values overall, when the final overall goal should be this idea of exchanging information. We still need ISPs, we still need physical wires to complete the “end-to-end” connection with a peer. So isn’t everything still fundamentally centralized?

What is it actually improving? And is my way of thinking accurate? Why can’t there be a normal P2P project handling exchange of information and/or modern fiat in the same way (Something like Paypal, but transactions have no middleman)?

  • muhanga@programming.dev
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    First, thank you for sharing your perspective.

    one useful innovation by providing an alternative system for digital transactions over the web

    From my perspective this is exactly proves my point. Blockchain and crypto are solving their own problems.

    As for Wakfu. From what I was able to “research” from open sources on this topic, they were blacklisted because they didn’t want to fix their payment processing system. Their payment processing was not working correctly, users complained to the PayPal and credit card payment processing companies and this got them blacklisted. And they did added crypto yes, but I don’t see how much this actually saved them, as I can find an open financial reports for that.

    What I can see is that they are fixed their payment system, somehow (as forums are still contains user woes for payments not processed). If you have more sources on this problem/solution with Wakfu, please share I would very much like to know more.