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Like NoSQL some time before that, and GPT / "AI" nowadays.
I say this isn't new because on the desktop in the 1990s, both Apple and Microsoft's dev platforms included some form of "object storage" based around their respective OLE/COM systems[1] and before then in the 1970s and 1980s it was people building business-systems on AS/400 (going back to the System 360...) where too many people never had a clue how to persist data on-disk (which was the whole impetus for Codd's paper, after-all) - so I think the 2000-2010 years where PHP+MySQL was dominant - and where most of us cut-our-teeth - was the exception: SQL is hard, relational theory is harder, relational calculus is harder-still (I think I got a B grade in that course...).
Non-experts have a very reasonable expectation that platforms should make it straightforward to save and load structured data without needing to spend a year of CS spending hours on exercises about functional-composition, surrogate keys, and decomposing tables to their 6th Normal Form - the embarrassment here isn't the non-experts you might think I'm dunking on, but it's the opposite: I'm very disappointed in the experts: the database-vendors and the platform-vendors, that they haven't solved the object-graph persistence library design problem.
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[1]: OLE/COM was for more than just composition, embeddeding Excel worksheets in Word documents and GUI design-tools: COM/OLE also featured a binary object structured storage API ( https://en.wikipedia.org/wiki/COM_Structured_Storage )
That the blockchain "brand" has been (irrevocably?) damanaged by fools and charlatans doesn't invalidate the potential of using economic-incentives to solve problems: both technical and societal.
Exaggerating… a little bit
Hugs are worth more than handshakes.
There are other incentives like fun, passion, and anger that will break any economic model.
If HN had some internal-economy model where you were cycling around karma as if it was currency, paying upvotes into new posts to get a return back for your “early upvoting” if they do well, giving you more capital to spread to other new posters… I know exactly how the dynamics of this site would change for the worse. People just post here (free work!) because it’s interesting. How irrational!
There’s some merit to the idea that you need aligned incentives. I’ll give you that. Just doesn’t always need to be directly boiled down into units of exchange.
Yes, because those incentives can't be reduced to numbers, which is the only thing the economists, bean counters and ambulance chasers, among other professions, can even understand, let alone employ, in their models.
Reductionism at work.
The reason why the internet was functioning on trust was because it had economic arrangements powering it in a more invisible sense: the market demand was for more access to content, not higher quality of content. But we're really facing down the final conclusion of that with AI-generated spam. It can be encoded as hours of 8k video with the photorealistic likenesses of multiple celebrities, your spouse, parents and children all speaking to you: it will still be spam. Either the content has some kind of market price or carrying cost on it or we are willing to be elaborately lied to forever.
This isn't even a new issue to economics - the transition from free to regulated markets tends to be precipitated on the demand side by a desire for quality(safe food, air, water etc.) even if the regulation itself is ineffectual.
Blockchains are expensive in terms of data quantity, but they do get at certain parts of the issue; someone who elects to post content through one is signalling way above the noise floor, and it's only biased in that it self-selects to people who own some of that token(which does not necessarily lead to a one-to-rule-them-all billionaire's dystopia - precisely the opposite, it's relatively easy in a technical sense to spin up a small and short-lived chain and hand out some free tokens if you only need a little bit of security for a limited period of time, but that's not a framing we've normalized).
Every social problem can be legitimately solved by throwing more money at it[1]. That is, effectively, an economics model.
Corollary: Every economic solution can be improved by removing blockchain from it :-)
[1] Sometimes you have to throw the money at people who will spread your solution, sometimes you have to throw the money at media to spread the solution, sometimes you have to throw the money at campaigning, etc.
What?
That famously didn't work with covid.
> That famously didn't work with covid.
I was being haha-serious, not completely serious.
The response to "we threw money at $FOO and it didn't work" is "You didn't throw enough money at $FOO".
[PS. which country threw money at the COVID problem and had worse or the same results?]