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That's just as true as pre-web internet 1.0 though, what benefit does putting it on a blockchain add?


With blockchains, everything is open and accessible. Nothing is hidden, nothing will disappear against the will of others. At least that seems to be the dream some people in that space are trying to achieve, as I understand it.

On the more practicable side, I guess more automation for preserving stuff is also used. Making it a bit more comfortable to achieve those goals.


I am guessing they imply that blockchain hosted IoT infrastructure wouldn't simply go away, because, you know, its part of the blockchain.


Micro transactions to turn my lights on and off?

Not thanks.

https://www.newyorker.com/humor/daily-shouts/l-p-d-libertari...


It also reminds me of the coin operated door in Ubik: http://www.technovelgy.com/ct/content.asp?Bnum=1615


Probably a better example than mine for this example!


I find it interesting that, for some reason, mentioning Web3 very quickly ended up at libertarianism. My point was that storing essential data on a blockchain means it can be distributed and there's no single point of failure. For some reason people think Blockchain == crypto, however, but Blockchain can be done without crypto.

Something like this can be compared to torrents, where the data is distributed, so as long as someone hosts the data it will be available.


Web3 is crypto in everything that I have seen, admittedly I don't pay it too close attention so I may be missing some nuance but from my understanding to write something to a Blockchain I'm going to need to pay a fee to do so.

I've not seen any web3 projects tout themselves as free data storage, perhaps you could point me to some so I can be better informed?


> to write something to a Blockchain I'm going to need to pay a fee to do so >I've not seen any web3 projects tout themselves as free data storage

Well, of course, because the main reason for building blockchains is currently to make big bucks by selling the attached cryptocurrency. Also, storage isn't free, so fee data storage can't exist. That also isn't what I was describing.

There's no need for there to be payments involved in a blockchain, however. What blockchain does is provide a medium to store data that is signed by someone and can be read by others. It also allows this data to be stored in a distributed fashion on the devices of anyone who wants to store it, without there being a possibility that someone changes the data without anyone knowing.

The commenter I responded to wrote: > which was a barcode reader plus online DB. Until the company went bust, and the device magically transformed into a brick.

Hypothetically, if you were to use a blockchain to store the data, in stead of a centralized DB, anyone could run a copy of that blockchain and become a peer in the network. Users who still want to use the product after the company disappears can become a peers in the network to keep it running and prevent the device from becoming obsolete.

There have already been large organizations that experimented with blockchain in somewhat similar scenarios. They all run an instance of the blockchain and any data that has to be tracked between them is written to that blockchain. It's completely private to those companies, but nobody directly owns the data and there are no currency transactions involved in these blockchains.

I understand that there's confusion about this, because blockchain in the public eye means cryptocurrency. But cryptocurrency is just an implementation of the blockchain technology. And that technology works really well without any form of micro transaction involved.




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