They're missing AI, ML, VR and quantum computing, so immediate loss of credibility and it's a hard pass from me
In an appropriately nebulous blog post, Kickstarter, the non-profit crowdfunding site, has announced it will move to a decentralised model via the dreaded blockchain. Some online reaction to the announcement was justifiably bemused, with some comparing it to "word salad." It contains little solid technical content – so, fairly …
If blockchain was so good, you would think that companies would be using it already (the technology is far from new) without making a big song and dance about the whole thing.
But if they are using it for publicity, why is everyone I follow on Twitter who has previously kickstarted things saying they want nothing to do with this disaster? It's really hard on creators who have benefitted from Kickstarter's market lead and marketing power to make successful projects in the past and now find they have to choose between stepping away or working with the kind of company who does... this.
Okay, I went and viewed the link. It's a nice fuzzy way of calling Kickstarter a company.
Only in the USA can you have a company not called a company.
Public Benefit means shareholders and for-profit. There is no "public benefit" to be found over other companies like IBM, Intel or Walgreens.
Honestly, this tip-toeing around the bush in a strongly pro-capitalist country is shameful.
I am always reminded of what Henry Ford said his customers would have asked for if he'd left it up to them.
No idea what exactly Kickstarter are doing, but folk need to remember (and that *is* a not so subtle note that "folk" is a very small number of people who have an opinion on blockchain) that blockchain is a fully specified state machine - in effect a computer in it's own right.
My guess is that Kickstarter will be creating smart contracts linked to the performance of a project. With the possibility to sell/transact a contract as a derivative or futures asset.
I hope their move to blockchain is done in a sufficiently innovative and market disrupting manner facilitated by quantum machine learning algorithms running in the hybrid cloud, controlled by ethically sourced and GM free AI, powered by carbon fibre nanotubes and operating out of a CO2 neutral datacenter.
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