Explain to a retarded person

What is the incentive for a company to deploy a blockchain for their products (such as cars paying themselves for gas or simply storing up patient data) if the main point of using blockchain is immutability and guaranteed resistance from outside tampering? In an everyday situation, why would a car use blockchain instead of a centralized payment provider such as Paypal or Mastercard, given that they develop the wireless tech to do the payments and blockchain fees and transaction time are probably worse than that of centralized options? Also why would you store hospital data on a blockchain when it could easily be put in a database on a hospital server?

Blockchain started from a libertarian mindstate, eg providing services, which resist issues such as censorship, law enforcement, low-trust middlemen and monopolies, but why would it be used for a general purpose?

Bump. Explain pls I want to know also.

If something has a specific purpose, and is good at it, it doesn't have to be good at everything. You don't use a hammer to write you fanfics, faggot.

Hot air boys, don't try to think it too hard, grab some bags and get dirty, plenty of free money for everyone!

Because some companies are international and disorganized or have branches in corrupt countries

to take your money?

>libertarian mindeset

aka greater fool theory

>Also why would you store hospital data on a blockchain when it could easily be put in a database on a hospital server?

Centralized databases have a higher risk of being hacked or disrupted.

A good use of a blockchain would be a tamper-proof public land registry. Property ownership gets mined into the blockchain and only the owner can change this. At the same time anyone can look it up and verify the authenticity of the ownership claim.

You wouldn't need a government to keep the records.

You're thinking of crypto as something that can only be used as currency, which it isn't. The information stored on the chain is invaluable to companies for things like examining trends.

>why would it be used for a general purpose
There is value in creating accurate, referential stores of status/data that are not easily tampered with.

Businesses spend thousands, if not hundreds of thousands, of dollars implementing system logging software that is tamper-resistant; cryptographic solutions like blockchain-supported logging solutions can enable more efficient and secure implementations of said business use-cases.

However, blockchain and its usefulness is separate from the use case for a cryptographic security like the ones you're talking about (blockchains/"coins" that support hospital records or vehicle diagnostics); in order to be profitable, a crypto asset should be both blockchain-enabled, and support some sort of financial function. The most obvious/basic examples of that are the current largest use cases for cryptocurrencies, exchanges and gambling.

There is lots of value in developing a currency that aids in the decentralized exchange of value, but considerably less financial reward for a cryptocurrency that doesn't help buyers find a market, or vice versa. So, when you go to invest in an ICO, token, or really any investment opportunity, you should be asking how that investment vehicle intends to turn a profit, and how that profit is shared with token/shareholders. If the answer isn't obvious and/or somehow detailed in their whitepaper, then you should seriously consider passing on said investment opportunity.

Honestly I love imagining a more libertarian world, but the reality is even centralized solutions such as Airbnb and Uber get the shit regulated out of them for reasons such as "safety" and "trust". Who would answer for a decentralized exchange of value, if someone would, would it still be decentralized and why haven't we still seen a practical use case yet?

Not being a contrarian, just genuinely wondering.

You're starting to ask the right questions OP, unlike most retards on this board that buy strictly on FOMO.

Most people forget that when they are buying a coin/token there are only 2 ways to make money from it.
1. hype that gets more faggots to invest which increases the value of your coins, but you have to dump them before everything crashes.
2. real use cases and actual products that will generate revenue.

I never invest in the 1st category even though I missed some moon opportunities. As for the 2nd category, start asking yourself questions like:
1. why does this need to run on the blockchain?
2. is it cheaper/faster/offers more value if it's on the blockchain instead of a centralized solution?
3. are there competitors that offer centralized solutions that have a monopoly? if yes, there's 99.9999% chances that the blockchain alternative will suck dick. Basically it's the same shit that venture capitalists joke about when retards come to them with "the next Facebook"
4. how hard/easy is to get user adoption. Might not seem like much, but it's one of the biggest problemes that a company has to overcome.
5. do they have a marketing guy or the team consist of just 2 autistic neckbeards that know how to code? most devs don't know shit about how to bring a product to market but they think they do.

Thare are many more criteria that help you decide if you're buying a shitcoin or something of value, but I don't have the patience to write an essay right now. Hope this helps in your future crypto adventures.

To grab easy money from retards. That's all there is to it.

Most of crypto is greed.

On a social level, technology creates more efficiency, which creates faceless entities that people don't mind abusing. Stealing from Walmart is not as shameful as stealing from your neighbor. This is isolating everyone and destroying trust in each other. Blockchain technology is an outgrowth of this issue. We want systems we don't have to trust.

But you'd need a government to validate them.

A Car blockchain sounds retarded go start your car ico lol. Blockchain can be useful for manythings not just as a currency. XRP sends overseas in seconds where it take 3 days now with stupid high fee xrp fee is nothing it can be this cheap because it cuts out so many middle men saves a lot of money. File sharing and cloud storing could use blockchain so nobody will have complete control over everything only the files you own. Or even like SONM or GOLEM they bring together computer power for a super computer.

For self driving cars i think a blockchain will be helpful. Imagine if self driving cars had to rely on a centralized server to communicate with other cars. It would be really vulnerable to hacking

think if companies were legally required to publish their transactions into the blockchain.

think if you could see the earnings of a company on a real-time basis, and trace each and every transaction back.

it would wipe out the accounting and audit industry.

No you don't. Once the system is in place and a house is registered you can use it as to transfer property without a bunch of paperwork. Big daddy gov will love this:

- Costs cuts

- Impossible to transfer ownership without paying taxes since this is an Orwellian wet dream.

The real truth is that if you build a Blockchain you can get a whole myriad of Blockchain-Enthusiasts (Fools) to invest in your Product... even if it is a Garbage Product.

In the Real World no one would give them Money... NO ONE!

The tokens for such cases do not need to be sold in public however. The company could deploy this blockchain in private, right?

Land records aren't exactly immutable. You can have unrecorded documents that change the ownership of land or mineral interests. Curative work is a big part of title transfers.

Adoption takes time, and you're right, decentralization is amazing from a libertarian perspective, but in practice can be challenging, especially with the slow dissolution of the community effects of society; simply put, many people no longer feel that they are part of a strong community, and that creates a less trusting, and less secure, environment for all.

Overall, I think the best route forward is to understand that decentralized doesn't have to mean "trust-based", and that you can be both free and reasonably assured of the intended outcome, so long as the tools you are using are designed and executed properly.

A key part of crypto is trustless exchanges of goods and services; yes, no experience is perfect, but this does create the opportunity for people to be more open and paves the way for a less competitive future, aided by the concepts of automated auditing and open verification of events. In this way, public blockchains will play a key role in creating a more complete sense of transparency, which will in essence the idea of trustworthiness, in that you will no longer need to rely on a third party "trusted source" to validate the veracity of a claim; you can simply reference the blockchain yourself, and validate historical records.

If you've ever seen Superman 3, you'll know that the last decimal point in bank transactions is rounded up or down. Which costs large conglomerate banks millions a year.

Easy explanation why banks use cryptocurrency is with Satoshis on coins such as Ripple (around .25 cents, and will perpetually stay there)

I had a longer response but easier to understand this way

1 XRP = .25
So if there are 8 spots in a Satoshi 25 cents becomes;

1.00000000

Thusly saving a lot of time, math, and lost money due to it being much more accurate.

With .00000001 XRP measuring in at 0.0000000025 cents - MUUUUUUUUCH more accurate math and pretty concise.

cool, buying more xrp bags.

Lmao, would not advise it. While XRP might be the most successful at bank transactions admittedly. It is bad for investors~ due to the fact that it is manipulated to hover .20-.30 USD.

I say that Ripple is successful because it is set at juuuuust the right amount for Korean "Won" currency for trade internationally. As

1 USD = 11000 won

The math for XRP becomes drastically easier to compute than say 100 k USD being 10,110,000 won.

I could see Uber adopting a cryptocurrency to validate payments, etc. once self-driving cars become commonplace.

It's how I would manage my taxi service, if I were to purchase one/start one using self-driving cars. It would be a fixed-value exchange, so $20 gets you 2000 Uber points or whatever the fuck, and then you use a block chain on the back-end to process payments and track everything from trip duration/distance traveled to user experience and maintenance logging of vehicles.

The principle works like this:
1. User hails a cab and pays a nominal fee to do so (10 Uber points).
2. The vehicle pays a nominal fee to "claim"/bid for a fare (50 Uber points, say). Then, the car carries out the fare, and provides the customer with a payment code/UPC code the user must scan or enter into their app to conclude the trip/process their payment for their ride.
3. Once payment is established, the customer can use the comment fields associated with the transaction to provide feedback of any kind.
4. In addition to this user-generated comment field, the taxi company can use the transaction field, which could theoretically come complete with GPS data and car diagnostic data, to more efficiently and effectively determine when electric cars need to be charged/gas cars need to be refeuled, when vehicles need to be serviced, etc.

All of this can be managed automatically using GPS receivers and data stored on a private blockchain managed by the company that owns the taxis. Of course, this becomes more difficult to manage when the taxis aren't self-driven, because it provides opportunities for "the human element" to fuck things up. But, it's a neat idea.

But all of this infrastructure would be owned by the taxi company (Google?), wouldn't it? You could easily buy the tokens with FIAT too.

My point is, if such an infrastructure were to exist (self-driving taxi company example), you wouldn't be able to invest into it yet, because it would have no reason to run on ETH, any of its tokens or any other public blockchain.