Honestly I don’t know. I’m just pointing out the only thing that kind of sort of sounded like a good idea for it I’ve ever heard. For pictures it’s stupid that’s for sure
Yea the idea there is that with it being decentralized, it has an unedited history. So if each block added to the chain is a new transaction, you can see previous agreements. Being decentralized also means that it’s public record and everyone can see the contract/agreement/transaction.
There’s a lot of neat stuff that can be done, but as the other guy stated, it’s a solution looking for a problem.
I’ve heard of using them as parts of like contracts?
What does blockchain solve that existing contracts don’t do? Blockchain has takeover possibility
Honestly I don’t know. I’m just pointing out the only thing that kind of sort of sounded like a good idea for it I’ve ever heard. For pictures it’s stupid that’s for sure
It’s not a picture though. It’s a link to a picture on a server somewhere. If the host goes down, you own nothing.
The technology behind it can be used for things other than pictures. That’s kind of the point people are making
Right, and my original question was what does the technology solve? And so far the answer appears to be nothing
Yea the idea there is that with it being decentralized, it has an unedited history. So if each block added to the chain is a new transaction, you can see previous agreements. Being decentralized also means that it’s public record and everyone can see the contract/agreement/transaction.
There’s a lot of neat stuff that can be done, but as the other guy stated, it’s a solution looking for a problem.