For a long time, I thought of the blockchain as almost synonymous with cryptocurrencies, so as I saw stuff like “Odyssey” and “lbry” appearing and being “based on the blockchain”, my first thought was that it was another crypto scam. Then, I just got reminded of it and started looking more into it, and it just seemed like regular torrenting. For example, what’s the big innovation separating Odyssey from Peertube, which is also decentralized and also uses P2P? And what part of it does the blockchain really play, that couldn’t be done with regular P2P? More generally, and looking at the futur, does the blockchain offer new possibilities that the fediverse or pre-existing protocols don’t have?

  • Wreckronomicon@lemmy.world
    0·
    1 year ago

    I think what they’re asking is how do you protect your token?

    You have to have some way of storing and presenting that token so what would stop somebody from stealing or replicating the method of presenting said token? The way it is done now with cryptocurrency is far, far from ideal and can easily lead to permanent loss of access.

    • Poggervania@kbin.social
      0·
      1 year ago

      Ohhh, I see. Yeah, that would be probably one of the major obstacles that would need to be sorted before something like that would be feasible, because you are right - right now you’d be just as screwed if you lost access to that token as you would be if you lost your SSN card or something.

    • zanzo@lemmy.world
      0·
      1 year ago

      Sam Altman’s Worldcoin is addressing this issue in a way. Your proof of humanity is tied to a unique eye scan. Similarly, a wallet whose private key is tied to biometric verification could greatly, but completely, secure one’s digital identity held in that wallet.