Steve Brant
Sep 1, 2018 · 2 min read

That is not a simple analogy nor one that appears to provide any benefit from the centralized parking. Instead of going to one garage, I have to find one that’s available and instead of securing one door I have to secure 200.

If you want simple. Blockchain is a ledger much like a spreadsheet. Imagine a google sheet that is shared with a number of trusted people. But instead of that sheet residing on Google’s servers it resides on all of our individual machines (thus distributed)

Blockchain only has digital relevance. Because you need to validate quickly and you can’t do that with multiple nodes in a physical world.

The only real world application of blockchain that I can think of is elicit commerce like silkroad and perhaps Wikipedia. Any one can edit it, but in order for the edit to go public, multiple people need to confirm the validity.

I wish instead of jumping on the bandwagon, people would look at blockchain for what it is, It’s a google sheet that resides on people’s individual computer. The sheet is “shared” with multiple individuals who are called miners. If one person changes a cell in a sheet, a message goes out to all the other miners to validate the change. If 51% say it’s accurate the change is made to all the sheets on everyones individual machine. I don’t see one bit of value in this method.

We had a world at one time where there were a bunch of currencies. It sucked because when I wanted to buy your chicken I had to convince you of the value of my currency (bitcoin) and when you tried to use the currency I gave you (bitcoin) to buy a horse, the guy who owned the horse used a different currency (etherium). That all changed when Gold and Silver became the economic medium. Now trading became easier.

If we went back to some sort of standard like the gold standard then money has stability. The problem is when money leaves a standard and is left in the hands of government, some governments act irresponsible and cause, inflation (by over printing money).

I’m waiting until someone shows me a true benefit to this “technology” until then it’s just the next new shiny thing.

    Steve Brant

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    tech.realtor Real Estate is part Science and Part art. You need to have a firm grasp on the economy, market dynamics, and human psychology. Not to mention…