Phnom Penh will be getting a blockchain-powered neighbourhood
Re: Phnom Penh will be getting a blockchain-powered neighbourhood
As always the questions with "Blockchain" are ...
What is in the blocks?
How consensus is formed?
Who takes part in the consensus-forming process?
Not seeing any answers to those key questions (as always), thus having to call .
What is in the blocks?
How consensus is formed?
Who takes part in the consensus-forming process?
Not seeing any answers to those key questions (as always), thus having to call .
Meum est propositum in taberna mori,
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
Re: Phnom Penh will be getting a blockchain-powered neighbourhood
Frankly I think there's a very small percentage living in the community who care about how their transport card is stored.
This is a big problem with nerds. They solve problems nobody has.
- Phnom Poon
- Expatriate
- Posts: 1795
- Joined: Wed Jan 16, 2019 5:44 pm
- Reputation: 892
Re: Phnom Penh will be getting a blockchain-powered neighbourhood
agree, but the first question is what problem are they trying to solve that needs any of that?
the answer, it seems is they are actually proposing a crypto coin:
limestone wrote:Residents who work or reside in the city are required to register themselves with the Limestone mobile app. The submitted identities are then verified automatically
more worrying:limestone wrote:Limestone digital wallet is setup to hold mutiple currencies of the solution providers within the cities.
Limestone Network, an initiative of Global Tech Exchange, South East Asia real estate developer, will first be deployed in a city centre with up to 10,000 business tenants and 190,000 daily population, spanning across 20 hectares of work spaces, encompassing shopping malls, schools, retail outlets and housing the largest exhibition hall for business, it aims to be the financial hub, convention centre and go-to business place in the capital of Cambodia and thus giving this blockchian project a mandatory use case.
https://limestone.network/
Last edited by Phnom Poon on Fri Aug 16, 2019 11:04 am, edited 1 time in total.
.
monstra mihi bona!
Re: Phnom Penh will be getting a blockchain-powered neighbourhood
Then they will soon wake up to the KYC, AML and e-money licensing nightmare which stops everyone else from doing so.
Or they will go full ICO crook and scam investors like so many before them.
- Phnom Poon
- Expatriate
- Posts: 1795
- Joined: Wed Jan 16, 2019 5:44 pm
- Reputation: 892
Re: Phnom Penh will be getting a blockchain-powered neighbourhood
I'm guessing the "20 hectares of offices" could be diamond island
If they're in agreement with the ultimate owner there, I think licenses will be forthcoming
otherwise, yes, good luck with that
.
monstra mihi bona!
Re: Phnom Penh will be getting a blockchain-powered neighbourhood
Re: Phnom Penh will be getting a blockchain-powered neighbourhood
Firstly, I have to point out that if you sincerely don't know the answer to these questions, it's because you either haven't looked or made no effort to understand. It isn't complicated unless you're seeking to understand it at a mathematical/code level (I'm sure you don't understand the technicalities behind how your debit card works at a technical level either, but you do understand that it works).
Now to answer your questions:
-It's in blocks to make it manageable and distributable, and in most implementations the blocks are also a method of clearing and confirming transactions.
-Consensus is formed by comparing the same block across all users running nodes to make sure they reconcile.
- Anyone who wants to.
I work for one of the world's leading crypto exchanges and this video has become my go-to explanation for people seeking to understand the basic concepts and mechanics of how Bitcoin works. If you are genuinely interested in understanding it, then watch the video and you will understand. It isn't rocket science.
As for the subject of the OP, this sounds like more bandwagon nonsense that someone conned a bunch of incompetent people into going along with. It doesn't sound like a useful implementation of blockchain technology, though of course that could change if they go into detail about how it will be utilized.
- Phnom Poon
- Expatriate
- Posts: 1795
- Joined: Wed Jan 16, 2019 5:44 pm
- Reputation: 892
Re: Phnom Penh will be getting a blockchain-powered neighbourhood
I suspect Spigzy may have some technical understanding regarding payments
I think his points are, if I may be so bold:
1) What is in these blocks?
2) how are they "signing" blocks in this particular blockchain; proof of work, stake, pre-shared key segments, etc
3) and therefore, who takes part; anyone who can, anyone with a stake, designated stewards, etc
We can agree it's all quite murky
further information might be found here:
https://www.pundix.com/
I think his points are, if I may be so bold:
1) What is in these blocks?
2) how are they "signing" blocks in this particular blockchain; proof of work, stake, pre-shared key segments, etc
3) and therefore, who takes part; anyone who can, anyone with a stake, designated stewards, etc
We can agree it's all quite murky
further information might be found here:
https://www.pundix.com/
.
monstra mihi bona!
Re: Phnom Penh will be getting a blockchain-powered neighbourhood
Ah, if he's asking with regards to this project in specific then yes, it looks like a waste of time, as I already noted.Phnom Poon wrote: ↑Fri Aug 16, 2019 4:41 pm I suspect Spigzy may have some technical understanding regarding payments
I think his points are, if I may be so bold:
1) What is in these blocks?
2) how are they "signing" blocks in this particular blockchain; proof of work, stake, pre-shared key segments, etc
3) and therefore, who takes part; anyone who can, anyone with a stake, designated stewards, etc
We can agree it's all quite murky
further information might be found here:
https://www.pundix.com/
Re: Phnom Penh will be getting a blockchain-powered neighbourhood
This bit; that's what I was aiming at more than the in depth workings of blockchain. Those three questions I posed usually sort the wheat (proper blockchain implementation) from the chaff (bandwagon nonsense) - but that's a good video explanation on the guts, have to agree.Bubble T wrote: ↑Fri Aug 16, 2019 4:28 pm As for the subject of the OP, this sounds like more bandwagon nonsense that someone conned a bunch of incompetent people into going along with. It doesn't sound like a useful implementation of blockchain technology, though of course that could change if they go into detail about how it will be utilized.
Example answer to my own question on a blockchain example (Bitcoin) would be:
What's in a block?: best explanation I saw was here: https://dev.to/damcosset/blockchain-wha ... block-48jo
How consensus is formed?: proof of work mechanism
Who takes part in the consensus forming process?: All users & my mum.
Roughly
Meum est propositum in taberna mori,
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
-
- Similar Topics
- Replies
- Views
- Last post
-
- 2 Replies
- 1786 Views
-
Last post by DaveG
-
- 10 Replies
- 2142 Views
-
Last post by Jerry Atrick
-
- 1 Replies
- 1345 Views
-
Last post by techietraveller84
-
- 6 Replies
- 4229 Views
-
Last post by Jerry Atrick
-
- 2 Replies
- 2476 Views
-
Last post by canucklhead
Who is online
Users browsing this forum: Deefer, General Mackevili, Google [Bot], Majestic-12 [Bot], Spigzy and 619 guests