this post was submitted on 20 Aug 2023
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[–] TheWoozy@lemmy.world 29 points 1 year ago (4 children)

Block chain - there's still no legitimate practical use for it

[–] Waraugh@lemmy.dbzer0.com 5 points 1 year ago

We use it for asset tracking and document control

When you buy real estate, they have to do a title search to ensure you own the property. Block chain could be the replacement.

[–] lunicoDee@feddit.it 2 points 1 year ago (1 children)

I wouldn't agree, but I have no example in mind, so I agree (?)

[–] comfisofa@lemmy.ml 4 points 1 year ago (1 children)

A legitimate practical use is anonymised online transactions using cryptocurrencies designed for such purposes (like Monero)

[–] icepuncher69@sh.itjust.works 0 points 1 year ago* (last edited 1 year ago) (1 children)

Well there is if you are looking for illegal goods like drugs, guns and others.

[–] Ddhuud@lemmy.world 3 points 1 year ago (2 children)

Blockchain β‰  cryptocurrency

But also wrong. It's far easier to buy any of those with cash.

Marijuana maybe. I have to say that having extacy and LSD drone dropped in my neighborhood was handy

[–] icepuncher69@sh.itjust.works -1 points 1 year ago

Not online imho. Money transactions and money itself is trasable while cripto isnt. Thats its main selling point as far as im concerned.