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2) you do not “own” anything in a blockchain meaning as such crypto has no benefits compared to just having a SQL server with authentication. Your items are not stored on the blockchain. You own a pointer to something.
https://web3isgoinggreat.com/single/goblintown-nft-images-all-changed-to-an-illustrated-middle-finger-in-protest-about-royalties
This is literally how all blockchain games are implemented. The owners can rug pull and change what you “own” whenever they want
3) the immutable nature of the blockchainis the worst possible feature. Steam chooses not to restore items, but it could if an appropriate situation arose. There is no situation on Steam where the immutable blockchain would be a benefit
4) Steam does literally everything every blockchain nonsense does right now, and does it better, cheaper, and faster
First of all, Your #1 is just illogical and untrue. Ill informed, but still this isnt about crypto. its about Blockchain technology.
Secondly, You do own thigns in crypto. The code you own is yours, and as long as you maintain the code for it, it remains yours.
Thirdly, You obviously dont know that this conversation isnt about Crypto, but just because you brought it up, Crypto is very mutable, There are many projects working on varring systems utilizing blockchain technology to give very creative and new features and security to all sorts of systems and programs.
And lastly, You're very ill informed about the reality and future of Blockchain technology.
1) blockchains inherently become slower as they get bigger. Steams transactions would destroy any blockchain
https://qz.com/1145833/cryptokitties-is-causing-ethereum-network-congestion
Stuff like this happened all the time on Etherium.
2) you do not own anything on the blockchain. Owning “code” is mean less. This is like “owning” a URL. That means nothing if what the URL points to changes. Blockchains cannot handle actual data on the blockchain without making everything literally useless due to transaction slowness. Which is why what you “own” on a blockchain means nothing. If the server dies that is hosting the actual content dies your “ownership” dies with it.
https://web3isgoinggreat.com/single/goblintown-nft-images-all-changed-to-an-illustrated-middle-finger-in-protest-about-royalties
3) again the immutable nature of the blockchain means you cannot fix mistakes.
https://techraptor.net/gaming/news/wolf-game-highlights-challenges-of-nft-game-development
If you get hacked you have zero recourse to fix anything
https://www.bleepingcomputer.com/news/security/hackers-stole-620-million-from-axie-infinity-via-fake-job-interviews/amp/
There is nothing being done on the blockchain that actually takes advantage of the blockchain in any actual way where you couldn’t do it on any other architecture. Again show me something that does something that the Steam Market doesn’t already do. News Flash: there is nothing. Nothing “novel” is being done on the blockchain. It only looks “novel” if you were making games back in 1999.
It’s hilarious when people talking up the blockchain have literally no idea how the blockchain works or like how games work at all
1: There are many many other ways to utilise blockchains, and your example of Etherium is laughable. it has always been a crazily slow network. There are thousands fl Cryptos and other applications being used in several ways other then Crypto that are aple to process raw and live data at amazingly faster speeds then etherium.
2. Owning Money is meaningless. It only inherintly has value if you put value on it. It is litteraly no differnt to any digital content either on steam or on a blockchain.
3. Like i said before, Blockchain is Very Mutable. it can be utilized in very creative ways and the Immutability of the end product is part of its charm and a security feature. I never said that Steam isnt efficient and good at what it does. I was simply pointing out some similarities to the overall intention and function between steam and blockchains potential design and useage. That was the only purpose here.
4. While you are right, that there are very few differing uses for blockchain being applied and used yet. This is constantly changing as developers find new and creative ways to take advantage of its potential.
it is funny how you think I don't understand how blockchain works, since I have been working on a new type of voting app to promote self representation that utilises blockchain technology to record and recall data for said voting app. Its a Hugh project I have been working on since 2013. Ask Chatgpt about the potential use cases of blockchain and it will hammer out lots of potential uses.
But for real, no Steam isn't blockchain, nor are the items NFT as one may think it is, there difference, as one try to say how similar it is, doesn't make it to be as such.
Electric car is same as Car that runs on gas, until you realize the similarities ends when get into the technical differences.
Same when can send data from radio, and Bluetooth yet not the same due to their differences.
You also make a good point. It is more different then it is similar. I digress on that point. I guess there really isnt anything further to discuss about it :-P
It's all good old relational databases down here.
Anything can be anything if we make up what words mean.
The much-touted "security" and "immutability" of a blockchain isn't provided by the eponymous chain-of-blocks data structure, which is *extremely* mutable, but by the proof-of-X system (where 'X' is work, or stake, or space-and-time, etc.). All of these schemes prevent mutation by making it so that someone who wants to mutate the chain has to outspend all the other miners put together.
To make that concrete, for the example of proof-of-work, to mutate the chain you have to have a higher hashrate than everyone else put together, which implies the capital cost of buying more mining rigs, and the energy cost of running them all.
The amount of actual monetary value being put in by the miners is the bulwark which provides the security. But they're not performing this incredibly costly service out of the goodness of their hearts: they're getting paid. Blockchains need to pay their miners. Therefore, blockchains need a currency to pay their miners in. The only thing the blockchain algorithm can directly affect is data stored in the blockchain itself, so: the currency they get paid in is a cryptocurrency stored on the chain.
Blockchains have to have cryptocurrencies. That's what the machine does.
If you try to strip out cryptocurrency and proof-of-X from blockchain, what you're left with, the chain-of-blocks, is just a kind of Merkle tree[en.wikipedia.org], which is a data structure used to implement the version control system git, among other uses. It's an idea patented in 1979. Useful, yes. Revolutionary, no.
Bury it in the desert. Wear gloves.[xkcd.com]
What ChatGPT does is generate plausible-sounding text, not accurate information. It can and does generate stuff that is factually untrue, you should absolutely not trust it as a source.