People need to stop saying "but what about this use case", and just stating the use case. You have to say why, given a service that implements the same thing, they couldn't have just used a MySQL server as the backend instead of a blockchain.
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Replying to @cmuratori @FallowWing and
I wrote up an explanation, though I barely understand it myself. http://www.codersnotes.com/notes/bitcoin/
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Replying to @grumpygiant @FallowWing and
I literally couldn't understand any of it: 1) How does Alice NOT know how many turnips she supplied? 2) How does Bitcoin help? Bitcoin says how much money _you know about_ got transferred. But it doesn't prevent people from just selling turnips off-chain?
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Replying to @cmuratori @FallowWing and
It’s not the number of turnips that’s in question but the price negotiated for them.
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Replying to @grumpygiant @FallowWing and
OK then just #2 then. The cartel sells them on-blockchain to a shell company for the price they wish to report, then that company sells them in their own separate market for whatever price they want.
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Replying to @cmuratori @FallowWing and
Because as long as the blockchain exists it outpaces any separate market or attempt to fork it (I think?). Bear in mind why would you buy from a separate market when you could see the real price on the blockchain and buy direct from the source?
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Replying to @grumpygiant @FallowWing and
Again, I don't understand at all. That is already true before BlockChain. You can already look up on-line what Alice sells turnips for. So if the answer is "because you know the price", well that was already true.
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Replying to @cmuratori @FallowWing and
No you can’t; Alice is too far away, Eve is the go-between.
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Replying to @grumpygiant @FallowWing and
I literally have no idea what you're talking about. Either Alice does or doesn't want to publish the price of the turnips. If she does, you know the price without the blockchain. If she doesn't, you don't know the price with or without the blockchain.
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Replying to @cmuratori @FallowWing and
She publishes price locally, but the turnips get shipped across the world and sold as “luxury imported turnips” at 10x the price and Alice has no idea.
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WHAT THE FUCK IS A LOCALLY PUBLISHED PRICE ON THE INTERNET. I can't handle crypto conversations. It feels like I am speaking French or something.
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Replying to @cmuratori @FallowWing and
Okay, think of it this way. YouTube earns advert money for every HMH viewer. You get a cut. Do you know YouTube’s price they charged their customer?
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Replying to @grumpygiant @FallowWing and
I don't know in either case. If they were transacting in Bitcoin, all I would see on the BlockChain is a giant transfer of like $10mln from Disney, or something. I would have no idea what portion of that was for ads on my channel, just like I don't now.
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