Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.226USD
STEEM
0.000STEEM
SBD
0.015SBD
Own SP
3.764SP

Detailed Balance

STEEM
balance
0.000STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
3.764SP
Delegated Out
0.000SP
Delegation In
0.000SP
Effective Power
3.764SP
Reward SP (pending)
0.006SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.015SBD
{
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "6117.099689 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "0.000000 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.015 SBD",
  "conversions": []
}

Account Info

nameancaputopist91
id922071
rank1,063,807
reputation136012239
created2018-04-07T06:55:21
recovery_accountanonsteem
proxyNone
post_count1
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2018-04-08T16:07:42
last_root_post2018-04-08T16:07:42
last_vote_time2018-04-14T10:25:12
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power9,800
delayed_votes0
balance0.000 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares6117.099689 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares0.000000 VESTS
reward_vesting_balance12.228892 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update2018-04-07T07:26:18
last_account_update2018-04-07T07:26:18
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "active": {
    "account_auths": [],
    "key_auths": [
      [
        "STM6jm8iLKNKQbDkvamAjvefN6c9XV9vg2cTEH2AA6YzjsiSybrBE",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "balance": "0.000 STEEM",
  "can_vote": true,
  "comment_count": 0,
  "created": "2018-04-07T06:55:21",
  "curation_rewards": 0,
  "delegated_vesting_shares": "0.000000 VESTS",
  "downvote_manabar": {
    "current_mana": 0,
    "last_update_time": 1523084121
  },
  "guest_bloggers": [],
  "id": 922071,
  "json_metadata": "",
  "last_account_recovery": "1970-01-01T00:00:00",
  "last_account_update": "2018-04-07T07:26:18",
  "last_owner_update": "2018-04-07T07:26:18",
  "last_post": "2018-04-08T16:07:42",
  "last_root_post": "2018-04-08T16:07:42",
  "last_vote_time": "2018-04-14T10:25:12",
  "lifetime_vote_count": 0,
  "market_history": [],
  "memo_key": "STM6tCxbcHL8GpS1Uk3vvdkNd6kUWp73xoR2jYgApuyHDL2t6MURG",
  "mined": false,
  "name": "ancaputopist91",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "other_history": [],
  "owner": {
    "account_auths": [],
    "key_auths": [
      [
        "STM6gReFBhVrEidXGjcWTMDsTfrDhEP1TegfyALWo6oArx8YBNDNz",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "pending_claimed_accounts": 0,
  "post_bandwidth": 0,
  "post_count": 1,
  "post_history": [],
  "posting": {
    "account_auths": [],
    "key_auths": [
      [
        "STM5VgfoqeJ3ejbG1DoNky6TMhvtYzKK5tZS49nXhrqDDci9Ub2aj",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "posting_json_metadata": "",
  "posting_rewards": 12,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "proxy": "",
  "received_vesting_shares": "0.000000 VESTS",
  "recovery_account": "anonsteem",
  "reputation": 136012239,
  "reset_account": "null",
  "reward_sbd_balance": "0.015 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "12.228892 VESTS",
  "reward_vesting_steem": "0.006 STEEM",
  "savings_balance": "0.000 STEEM",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "sbd_balance": "0.000 SBD",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "tags_usage": [],
  "to_withdraw": 0,
  "transfer_history": [],
  "vesting_balance": "0.000 STEEM",
  "vesting_shares": "6117.099689 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "vote_history": [],
  "voting_manabar": {
    "current_mana": 9800,
    "last_update_time": 1523701512
  },
  "voting_power": 9800,
  "withdraw_routes": 0,
  "withdrawn": 0,
  "witness_votes": [],
  "witnesses_voted_for": 0,
  "rank": 1063807
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
2019/04/07 07:27:03
authorsteemitboard
bodyCongratulations @ancaputopist91! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@ancaputopist91/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@ancaputopist91) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=ancaputopist91)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/steemitboard/@steemitboard/the-steem-blockchain-survived-its-first-virus-plague"><img src="https://steemitimages.com/64x128/https://steemitimages.com/0x0/![](https://cdn.steemitimages.com/DQmYKnawrtqFCShyVvVs4QS7548eretcMUKQJc3D2f69pb9/image.png)"></a></td><td><a href="https://steemit.com/steemitboard/@steemitboard/the-steem-blockchain-survived-its-first-virus-plague">The Steem blockchain survived its first virus plague!</a></td></tr></table> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
parent authorancaputopist91
parent permlinkblockchain-is-a-great-vision-for-the-future
permlinksteemitboard-notify-ancaputopist91-20190407t072705000z
title
Transaction InfoBlock #31830514/Trx d9c95c1f8b7c714c423d3e2f0a71be986c59a9d6
View Raw JSON Data
{
  "block": 31830514,
  "op": [
    "comment",
    {
      "author": "steemitboard",
      "body": "Congratulations @ancaputopist91! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@ancaputopist91/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@ancaputopist91) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=ancaputopist91)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/the-steem-blockchain-survived-its-first-virus-plague\"><img src=\"https://steemitimages.com/64x128/https://steemitimages.com/0x0/![](https://cdn.steemitimages.com/DQmYKnawrtqFCShyVvVs4QS7548eretcMUKQJc3D2f69pb9/image.png)\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/the-steem-blockchain-survived-its-first-virus-plague\">The Steem blockchain survived its first virus plague!</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}",
      "parent_author": "ancaputopist91",
      "parent_permlink": "blockchain-is-a-great-vision-for-the-future",
      "permlink": "steemitboard-notify-ancaputopist91-20190407t072705000z",
      "title": ""
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2019-04-07T07:27:03",
  "trx_id": "d9c95c1f8b7c714c423d3e2f0a71be986c59a9d6",
  "trx_in_block": 27,
  "virtual_op": 0
}
smitopblockchain operation: transfer from savings
2018/08/02 00:20:30
amount0.001 SBD
fromsmitop
memoHi, it looks like you're not voting for any witnesses. Witnesses help secure the Steem network. You should vote for some, at https://steemit.com/~witnesses, or by pressing 'Vote for witnesses' in the Steemit sidebar (top right corner). I'm a bot.
request id17504
toancaputopist91
Transaction InfoBlock #24700259/Trx 819a61ce68b32288ac19de3564b56a82101f778b
View Raw JSON Data
{
  "block": 24700259,
  "op": [
    "transfer_from_savings",
    {
      "amount": "0.001 SBD",
      "from": "smitop",
      "memo": "Hi, it looks like you're not voting for any witnesses. Witnesses help secure the Steem network. You should vote for some, at https://steemit.com/~witnesses, or by pressing 'Vote for witnesses' in the Steemit sidebar (top right corner). I'm a bot.",
      "request_id": 17504,
      "to": "ancaputopist91"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-08-02T00:20:30",
  "trx_id": "819a61ce68b32288ac19de3564b56a82101f778b",
  "trx_in_block": 0,
  "virtual_op": 0
}
ancaputopist91received 0.015 SBD, 0.008 SP author reward for @ancaputopist91 / blockchain-is-a-great-vision-for-the-future
2018/04/15 16:07:42
authorancaputopist91
permlinkblockchain-is-a-great-vision-for-the-future
sbd payout0.015 SBD
steem payout0.000 STEEM
vesting payout12.228892 VESTS
Transaction InfoBlock #21592870/Virtual Operation #5
View Raw JSON Data
{
  "block": 21592870,
  "op": [
    "author_reward",
    {
      "author": "ancaputopist91",
      "permlink": "blockchain-is-a-great-vision-for-the-future",
      "sbd_payout": "0.015 SBD",
      "steem_payout": "0.000 STEEM",
      "vesting_payout": "12.228892 VESTS"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-15T16:07:42",
  "trx_id": "0000000000000000000000000000000000000000",
  "trx_in_block": 4294967295,
  "virtual_op": 5
}
2018/04/14 10:25:12
authorancaputopist91
permlinkblockchain-is-a-great-vision-for-the-future
voterancaputopist91
weight10000 (100.00%)
Transaction InfoBlock #21557224/Trx 3fbac3b17f3c308ab292e1a0a13b1ba5b7bcf9db
View Raw JSON Data
{
  "block": 21557224,
  "op": [
    "vote",
    {
      "author": "ancaputopist91",
      "permlink": "blockchain-is-a-great-vision-for-the-future",
      "voter": "ancaputopist91",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-14T10:25:12",
  "trx_id": "3fbac3b17f3c308ab292e1a0a13b1ba5b7bcf9db",
  "trx_in_block": 1,
  "virtual_op": 0
}
2018/04/09 12:24:39
idfollow
json["follow",{"follower":"ancaputopist91","following":"abawhale","what":["blog"]}]
required auths[]
required posting auths["ancaputopist91"]
Transaction InfoBlock #21415639/Trx 2ef1f8e4e7218844e3c4fc2a6a8eef4c14f58ad7
View Raw JSON Data
{
  "block": 21415639,
  "op": [
    "custom_json",
    {
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"ancaputopist91\",\"following\":\"abawhale\",\"what\":[\"blog\"]}]",
      "required_auths": [],
      "required_posting_auths": [
        "ancaputopist91"
      ]
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-09T12:24:39",
  "trx_id": "2ef1f8e4e7218844e3c4fc2a6a8eef4c14f58ad7",
  "trx_in_block": 48,
  "virtual_op": 0
}
2018/04/08 16:38:00
authorancaputopist91
permlinkblockchain-is-a-great-vision-for-the-future
voterintroduce.bot
weight200 (2.00%)
Transaction InfoBlock #21391907/Trx 99880cbdc9086c81cd349221fb34337026c366aa
View Raw JSON Data
{
  "block": 21391907,
  "op": [
    "vote",
    {
      "author": "ancaputopist91",
      "permlink": "blockchain-is-a-great-vision-for-the-future",
      "voter": "introduce.bot",
      "weight": 200
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-08T16:38:00",
  "trx_id": "99880cbdc9086c81cd349221fb34337026c366aa",
  "trx_in_block": 4,
  "virtual_op": 0
}
2018/04/08 16:35:36
authorancaputopist91
permlinkblockchain-is-a-great-vision-for-the-future
voterketer
weight10000 (100.00%)
Transaction InfoBlock #21391859/Trx 3be09e7e1f65e230e5afc5cbf4e0d514d3ac321a
View Raw JSON Data
{
  "block": 21391859,
  "op": [
    "vote",
    {
      "author": "ancaputopist91",
      "permlink": "blockchain-is-a-great-vision-for-the-future",
      "voter": "keter",
      "weight": 10000
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-08T16:35:36",
  "trx_id": "3be09e7e1f65e230e5afc5cbf4e0d514d3ac321a",
  "trx_in_block": 0,
  "virtual_op": 0
}
2018/04/08 16:08:54
idfollow
json["follow",{"follower":"ancaputopist91","following":"promotedpost","what":["blog"]}]
required auths[]
required posting auths["ancaputopist91"]
Transaction InfoBlock #21391325/Trx 5542c5bd83bfc9e0b8d714010e0d52a1b8dae406
View Raw JSON Data
{
  "block": 21391325,
  "op": [
    "custom_json",
    {
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"ancaputopist91\",\"following\":\"promotedpost\",\"what\":[\"blog\"]}]",
      "required_auths": [],
      "required_posting_auths": [
        "ancaputopist91"
      ]
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-08T16:08:54",
  "trx_id": "5542c5bd83bfc9e0b8d714010e0d52a1b8dae406",
  "trx_in_block": 79,
  "virtual_op": 0
}
2018/04/08 16:08:36
idfollow
json["follow",{"follower":"ancaputopist91","following":"cryptoriddler","what":["blog"]}]
required auths[]
required posting auths["ancaputopist91"]
Transaction InfoBlock #21391319/Trx 2c62d31fdb106d4184b183b16a017bc5c82d5ad5
View Raw JSON Data
{
  "block": 21391319,
  "op": [
    "custom_json",
    {
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"ancaputopist91\",\"following\":\"cryptoriddler\",\"what\":[\"blog\"]}]",
      "required_auths": [],
      "required_posting_auths": [
        "ancaputopist91"
      ]
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-08T16:08:36",
  "trx_id": "2c62d31fdb106d4184b183b16a017bc5c82d5ad5",
  "trx_in_block": 18,
  "virtual_op": 0
}
2018/04/08 16:07:42
authorancaputopist91
bodyThis is going to be my personal take on a recent [blog post]((https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec)) by crypto-skeptic Kai Stinchcombe. Stinchcombe argues that Blockchain technologies are a bad vision for the future since, in his view, decentralized consensus is completely useless to any real-world application; actually it is detrimental, because, in his own words, > systems built on trust, norms, and institutions inherently function better than the type of no-need-for-trusted-parties systems blockchain envisions. I found the post to contain some valid critiques, but to be ultimately misguided. Before jumping into it, let us quickly remind ourselves what this is all about. Readers already familiar with the topic can jump directly to the second section. ### The Blockchain explainer A blockchain is a kind of _data-structure_, a way of organizing and storing data. The innovative idea behind the blockchain is its simultaneous use of cryptography, to make the data tamper-resistant, and a clever incentive mechanism, to add new records to the blockchain with no need of a central trusted authority. Concretely, a blockchain is a sequence of records, or _blocks_, each one linked to the previous one, in a linear fashion. Each block can contain new information and can refer to information in previous blocks. It is important that the blockchain is not uniquely stored in one place. Every node of a P2P network keeps its own version of the blockchain, that then broadcasts to the other nodes. At any given time, the longest version of the blockchain is considered the "true" blockchain. Blocks are added to the blockchain by staging a competition among different parties, or _miners_, where each one has to solve, by trial and error, a hard mathematical task, that depends on information contained in the new block. The first miner to solve the puzzle, gets a reward, so there is an incentive mechanism for miners to participate in the competition and extend the blockchain. Moreover, there is also an incentive to include in the new block, not just any random information decided by the miner, but some of the unconfirmed transactions between nodes. This is because each transaction promises a small reward to the miners. In other words, two nodes engage in a transaction and broadcast it to the network, while at the same time promising a small reward to the miner that can include the transaction in a new block, so that it is in the interest of the miners to include as many unconfirmed transactions. The way the transactions are stored in a block makes a clever use of cryptography, so that it becomes impossible for a node to spend money that belongs to another node. Moreover, since each block is connected to the previous one, any attempt by a miner to change a past block actually requires to modify also all subsequent blocks, which in turn requires to solve their corresponding puzzles. Since each puzzle is very hard, it is unlikely a single miner will manage to recreate on its own a blockchain as long as the "true" one. If instead of tampering with a past block, a malevolent miner tampers just with the last block, there is an incentive mechanism for the other miners to ignore the "wrong" block, which incidentally also invalidates any reward received by the malevolent miner. This is because most miners are not malevolent and they want to play by the rules so that they can be sure of their rewards. This is more or less how the blockchain was applied to create the first digital cryptocurrency, Bitcoin. However, the blockchain is a more general paradigm that, in principle, can be applied in many contexts - not only to digital currencies. True believers claim it will change absolutely everything. At its essence, a blockchain is a distributed ledger of records, each one containing some certified data, in such way that everybody can read, everybody is free to contribute to add new data to it, nobody can get away with writing "wrong" information in a new record against the majority of the participants, and nobody can modify a past record. ## Critique 1: Blockchain unnecessary Stinchcombe argues that in many cases there is no need of a trustless consensus mechanism in the storing of data, and I agree with him. Some attempts to apply the blockchain outside of the context of cryptocurrencies look quite unnatural. For example, [Walmart](https://cointelegraph.com/news/walmart-to-implement-blockchain-based-delivery-system) is ready to employ Blockchain-based tools to track contents, environmental conditions and location of its packages. But where is the need here for a decentralized mechanism to achieve consensus? The clever bit of the blockchain is almost exclusively in its social engineering aspects, where many parties must reach together an agreement, even if some of them might be malevolent. All the cryptographic aspects are also functional to this aim. One can only wonder why Walmart would think necessary to use the blockchain for its purposes. Unless, its choice is motivated by the desire to ride the hype train. ## Critique 2: trusted autorithy necessary Stinchcombe also argues that, not only there is no need for decentralization, but actually it is better to have a trusted middleman. I disagree on this point. Consider, together with Stinchcombe, buying and selling digital products via a blockchain-based platform. The current alternative is to have a central authority, like eBay, that puts buyers and sellers into contact, allows sellers to advertize themselves to a large audience and provides arbitration. But of course eBay must take a fee out of every sale to make its business profitable. Basically no fee would be required, instead, in a blockchain-based scenario (except for a small fee to miners). Moreover, arbitration would be provided by smart contracts. This Stinchcombe does not like. His argument is that you are just replacing trust in a middleman with trust in a piece of software. Right. I perfectly agree that it is fundamentally impossible to have a completely trustless system. But I would also argue that the second possibility requires less trust, and the least trust the better. Clearly, a user cannot check every single line of code involved in smart contract. But the important point is that, _in principle_, he, or someone else, could. Moreover, as he sees other users using smart contracts with no personal harm, he begins to trust the platform, through the same social mechanisms that today make someone trust eBay. Finally, once he engages in a smart contract, he is sure his rights are no longer exposed to the whims of another human being, but are protected by deterministic software. ## Final thoughts: cryptos as a new protection of individual liberties Much of history can be seen as a fight for individual liberties against unjust authority. Stinchcombe claims a blockchain-dominated world would be similar to the Middle Ages: > Eight hundred years ago in Europe — with weak governments unable to enforce laws and trusted counterparties few, fragile and far between — theft was rampant, safe banking was a fantasy, and personal security was at the point of the sword. This is what Somalia looks like now, and also, what it looks like to transact on the blockchain in the ideal scenario. I believe the exact opposite is true. In the Middle Ages, there were few protections to personal liberties, not because the central authority was weak, but because it was far too strong. Most people were serfs, forced to cultivate the land of few feudal landlords. The feudal landlords allied themselves with the political and religious authorities of the time, the Crown and the Church, to grant themselves a monopoly over the land. There was basically no check on their power to tax, conscript, or dispense arbitrary privileges. Gradually, more freedoms were won. In the modern era, came the English, the French and, especially, the American Revolution. Their legacy was to empower the individual and put constraints on any central authority. The result is the democratic system we have inherited today. Unfortunately, during the last century, the system has been moving again in the direction opposite to individual liberties. Arguably, this is most evident in the context of monetary policies, where governments have tightened their control and abused their power, for their own interests. Papermoney, and then repudiating the gold standard, have served very well the aims of politicians. Inflation has allowed them to increase enormously the public debt, to satisfy the desires of the masses (and win their political support), while at the same time constantly devaluing (or [completely destroying](https://en.wikipedia.org/wiki/Hyperinflation)) the purchasing power of the individual. The alliance between Big Government and Big Business has created again a medieval threat to personal liberties. I see cryptocurrencies as the new weapon of the people, that may allow them once again to prevent the accumulation of too great a power in too few hands.
json metadata{"tags":["blockchain","cryptocurrencies","economics","anarchism","money"],"links":["(https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec)","https://cointelegraph.com/news/walmart-to-implement-blockchain-based-delivery-system","https://en.wikipedia.org/wiki/Hyperinflation"],"app":"steemit/0.1","format":"markdown"}
parent author
parent permlinkblockchain
permlinkblockchain-is-a-great-vision-for-the-future
titleBlockchain is a great vision for the future
Transaction InfoBlock #21391301/Trx 7e0997e17acd487f19e0678438bb99bd5bb52fef
View Raw JSON Data
{
  "block": 21391301,
  "op": [
    "comment",
    {
      "author": "ancaputopist91",
      "body": "This is going to be my personal take on a recent [blog post]((https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec)) by crypto-skeptic Kai Stinchcombe. Stinchcombe  argues that Blockchain technologies are a bad vision for the future since, in his view,  decentralized consensus is completely useless to any real-world application; actually it is detrimental, because, in his own words,\n> systems built on trust, norms, and institutions inherently function better than the type of no-need-for-trusted-parties systems blockchain envisions.\n\nI found the post to contain some valid critiques, but to be ultimately misguided. Before jumping into it,  let us quickly remind ourselves what this is all about. Readers already familiar with the topic can jump directly to the second section.\n\n### The Blockchain explainer\nA blockchain is a kind of _data-structure_, a way of organizing and storing data. The innovative idea behind the blockchain is its simultaneous use of cryptography, to make the data tamper-resistant, and a clever incentive mechanism, to add new records to the blockchain with no need of a central trusted authority. \n\nConcretely, a blockchain is a sequence of records, or _blocks_, each one linked to the previous one, in a linear fashion. Each block can contain new information and can refer to information in previous blocks. It is important that the blockchain is not uniquely stored in one place. Every node of a P2P network keeps its own version of the blockchain, that then broadcasts to the other nodes. At any given time, the longest version of the blockchain is considered the \"true\" blockchain. \n\nBlocks are added to the blockchain by staging a competition among different parties, or _miners_, where each one has to solve, by trial and error, a hard mathematical task, that depends on information contained in the new block. The first miner to solve the puzzle, gets a reward, so there is an incentive mechanism for miners to participate in the competition and extend the blockchain. Moreover, there is also an incentive to include in the new block, not just any random  information decided by the miner, but some of the unconfirmed transactions between nodes. This is because each transaction promises a small reward to the miners. In other words, two nodes engage in a transaction and broadcast it to the network, while at the same time promising a small reward to the miner that can include the transaction in a new block, so that it is in the interest of the miners to include as many unconfirmed transactions. \n\nThe way the transactions are stored in a block makes a clever use of cryptography, so that it becomes impossible for a node to spend money that belongs to another node. Moreover, since each block is connected to the previous one, any attempt by a miner to change a past block actually requires to modify also all subsequent blocks, which in turn requires to solve their corresponding puzzles. Since each puzzle is very hard, it is unlikely a single miner will manage to recreate on its own a blockchain as long as the \"true\" one. If instead of tampering with a past block, a malevolent miner tampers just with the last block, there is an incentive mechanism for the other miners to ignore the \"wrong\" block, which incidentally also invalidates any reward received by the malevolent miner. This is because most miners are not malevolent and they want to play by the rules so that they can be sure of their rewards.   \n\nThis is more or less how the blockchain was applied to create the first digital cryptocurrency,  Bitcoin. However, the blockchain is a more general paradigm that, in principle, can be applied in many contexts - not only to digital currencies. True believers claim it will change absolutely everything. At its essence, a blockchain is a distributed ledger of records, each one containing some certified data, in such way that everybody can read, everybody is free to contribute to add new data to it, nobody can get away with writing \"wrong\" information in a new record against the majority of the participants, and nobody can modify a past record.\n\n## Critique 1: Blockchain unnecessary\nStinchcombe argues that in many cases there is no need of a trustless consensus mechanism in the storing of data, and I agree with him. Some attempts to apply the blockchain outside of the context of cryptocurrencies look quite unnatural. For example, [Walmart](https://cointelegraph.com/news/walmart-to-implement-blockchain-based-delivery-system) is ready to employ Blockchain-based tools to track contents, environmental conditions and location of its packages. But where is the need here for a decentralized mechanism to achieve consensus? The clever bit of the blockchain is almost exclusively in its social engineering aspects, where many parties must reach together an agreement, even if some of them might be malevolent. All the cryptographic aspects are also functional to this aim. One can only wonder why Walmart would think necessary to use the blockchain for its purposes. Unless, its choice is motivated by the desire to ride the hype train. \n\n## Critique 2: trusted autorithy necessary\nStinchcombe also argues that, not only there is no need for decentralization, but actually it is better to have a trusted middleman. I disagree on this point. \n\nConsider, together with Stinchcombe, buying and selling digital products via a blockchain-based platform. The current alternative is to have a central authority, like eBay, that puts buyers and sellers into contact, allows sellers to advertize themselves to a large audience and provides arbitration. But of course eBay must take a fee out of every sale to make its business profitable. Basically no fee would be required, instead, in a blockchain-based scenario (except for a small fee to miners). Moreover, arbitration would be provided by smart contracts. \n\nThis Stinchcombe does not like. His argument is that you are just replacing trust in a middleman with trust in a piece of software. Right. I perfectly agree that it is fundamentally impossible to have a completely trustless system. But I would also argue that the second possibility requires less trust, and the least trust the better. Clearly, a user cannot check every single line of code involved in smart contract. But the important point is that, _in principle_, he, or someone else, could. Moreover, as he sees other users using smart contracts with no personal harm, he begins to trust the platform, through the same social mechanisms that today make someone trust eBay. Finally, once he engages in a smart contract, he is sure his rights are no longer exposed to the whims of another human being, but are protected by deterministic software. \n\n\n## Final thoughts: cryptos as a new protection of individual liberties\n\nMuch of history can be seen as a fight for individual liberties against unjust authority. Stinchcombe claims a blockchain-dominated world would be similar to the Middle Ages: \n\n>  Eight hundred years ago in Europe — with weak governments unable to enforce laws and trusted counterparties few, fragile and far between — theft was rampant, safe banking was a fantasy, and personal security was at the point of the sword. This is what Somalia looks like now, and also, what it looks like to transact on the blockchain in the ideal scenario.\n\nI believe the exact opposite is true. In the Middle Ages, there were few protections to personal liberties, not because the central authority was weak, but because it was far too strong. Most people were serfs, forced to cultivate the land of few feudal landlords. The feudal landlords allied themselves with the political and religious authorities of the time, the Crown and the Church, to grant themselves a monopoly over the land. There was basically no check on their power to tax, conscript, or dispense arbitrary privileges. Gradually, more freedoms were won. In the modern era, came the English, the French and, especially, the American Revolution. Their legacy was to empower the individual and put constraints on any central authority. The result is the democratic system we have inherited today.\n\nUnfortunately, during the last century, the system has been moving again in the direction opposite to individual liberties. Arguably, this is most evident in the context of monetary policies, where governments have tightened their control and abused their power, for their own interests. Papermoney, and then repudiating the gold standard, have served very well the aims of politicians. Inflation has allowed them to increase enormously the public debt, to satisfy the desires of the masses (and win their political support), while at the same time constantly devaluing (or [completely destroying](https://en.wikipedia.org/wiki/Hyperinflation)) the purchasing power of the individual. The alliance between Big Government and Big Business has created again a medieval threat to personal liberties. I see cryptocurrencies as the new weapon of the people, that may allow them once again to prevent the accumulation of too great a power in too few hands.",
      "json_metadata": "{\"tags\":[\"blockchain\",\"cryptocurrencies\",\"economics\",\"anarchism\",\"money\"],\"links\":[\"(https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec)\",\"https://cointelegraph.com/news/walmart-to-implement-blockchain-based-delivery-system\",\"https://en.wikipedia.org/wiki/Hyperinflation\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "blockchain",
      "permlink": "blockchain-is-a-great-vision-for-the-future",
      "title": "Blockchain is a great vision for the future"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-08T16:07:42",
  "trx_id": "7e0997e17acd487f19e0678438bb99bd5bb52fef",
  "trx_in_block": 18,
  "virtual_op": 0
}
ancaputopist91updated their account properties
2018/04/07 07:26:18
accountancaputopist91
active{"account_auths":[],"key_auths":[["STM6jm8iLKNKQbDkvamAjvefN6c9XV9vg2cTEH2AA6YzjsiSybrBE",1]],"weight_threshold":1}
json metadata
memo keySTM6tCxbcHL8GpS1Uk3vvdkNd6kUWp73xoR2jYgApuyHDL2t6MURG
owner{"account_auths":[],"key_auths":[["STM6gReFBhVrEidXGjcWTMDsTfrDhEP1TegfyALWo6oArx8YBNDNz",1]],"weight_threshold":1}
posting{"account_auths":[],"key_auths":[["STM5VgfoqeJ3ejbG1DoNky6TMhvtYzKK5tZS49nXhrqDDci9Ub2aj",1]],"weight_threshold":1}
Transaction InfoBlock #21352075/Trx e4ef200472aa095a075f029f5b4002368e209adb
View Raw JSON Data
{
  "block": 21352075,
  "op": [
    "account_update",
    {
      "account": "ancaputopist91",
      "active": {
        "account_auths": [],
        "key_auths": [
          [
            "STM6jm8iLKNKQbDkvamAjvefN6c9XV9vg2cTEH2AA6YzjsiSybrBE",
            1
          ]
        ],
        "weight_threshold": 1
      },
      "json_metadata": "",
      "memo_key": "STM6tCxbcHL8GpS1Uk3vvdkNd6kUWp73xoR2jYgApuyHDL2t6MURG",
      "owner": {
        "account_auths": [],
        "key_auths": [
          [
            "STM6gReFBhVrEidXGjcWTMDsTfrDhEP1TegfyALWo6oArx8YBNDNz",
            1
          ]
        ],
        "weight_threshold": 1
      },
      "posting": {
        "account_auths": [],
        "key_auths": [
          [
            "STM5VgfoqeJ3ejbG1DoNky6TMhvtYzKK5tZS49nXhrqDDci9Ub2aj",
            1
          ]
        ],
        "weight_threshold": 1
      }
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-07T07:26:18",
  "trx_id": "e4ef200472aa095a075f029f5b4002368e209adb",
  "trx_in_block": 10,
  "virtual_op": 0
}
anonsteemcreated a new account: @ancaputopist91
2018/04/07 06:55:21
active{"account_auths":[],"key_auths":[["STM6qjRW9QmMKf7exizLcZ5ssojv1xGJoDU5pXD4EXrcRY6XswaBC",1]],"weight_threshold":1}
creatoranonsteem
delegation0.000000 VESTS
extensions[]
fee3.000 STEEM
json metadata
memo keySTM59qgK9XdGZPYWqKaxswJmsLePTShwhkgHpE3ZcLBjHqVXmvyKV
new account nameancaputopist91
owner{"account_auths":[],"key_auths":[["STM8d8aG7PKy5sZzQXWD9NjJg9ikFye9KxShmTpdgKknuKLHM8xBM",1]],"weight_threshold":1}
posting{"account_auths":[],"key_auths":[["STM6UeEFzEymqW7Ruf1FL8U2KPYqx8aMRiAS7wtYAxjZuXbXfc5wG",1]],"weight_threshold":1}
Transaction InfoBlock #21351456/Trx 3a09858e55cd33b088a4117fe260f5a8a1e232e2
View Raw JSON Data
{
  "block": 21351456,
  "op": [
    "account_create_with_delegation",
    {
      "active": {
        "account_auths": [],
        "key_auths": [
          [
            "STM6qjRW9QmMKf7exizLcZ5ssojv1xGJoDU5pXD4EXrcRY6XswaBC",
            1
          ]
        ],
        "weight_threshold": 1
      },
      "creator": "anonsteem",
      "delegation": "0.000000 VESTS",
      "extensions": [],
      "fee": "3.000 STEEM",
      "json_metadata": "",
      "memo_key": "STM59qgK9XdGZPYWqKaxswJmsLePTShwhkgHpE3ZcLBjHqVXmvyKV",
      "new_account_name": "ancaputopist91",
      "owner": {
        "account_auths": [],
        "key_auths": [
          [
            "STM8d8aG7PKy5sZzQXWD9NjJg9ikFye9KxShmTpdgKknuKLHM8xBM",
            1
          ]
        ],
        "weight_threshold": 1
      },
      "posting": {
        "account_auths": [],
        "key_auths": [
          [
            "STM6UeEFzEymqW7Ruf1FL8U2KPYqx8aMRiAS7wtYAxjZuXbXfc5wG",
            1
          ]
        ],
        "weight_threshold": 1
      }
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-04-07T06:55:21",
  "trx_id": "3a09858e55cd33b088a4117fe260f5a8a1e232e2",
  "trx_in_block": 5,
  "virtual_op": 0
}

Account Metadata

POSTING JSON METADATA
None
JSON METADATA
None
{
  "posting_json_metadata": {},
  "json_metadata": {}
}

Auth Keys

Owner
Single Signature
Public Keys
STM6gReFBhVrEidXGjcWTMDsTfrDhEP1TegfyALWo6oArx8YBNDNz1/1
Active
Single Signature
Public Keys
STM6jm8iLKNKQbDkvamAjvefN6c9XV9vg2cTEH2AA6YzjsiSybrBE1/1
Posting
Single Signature
Public Keys
STM5VgfoqeJ3ejbG1DoNky6TMhvtYzKK5tZS49nXhrqDDci9Ub2aj1/1
Memo
STM6tCxbcHL8GpS1Uk3vvdkNd6kUWp73xoR2jYgApuyHDL2t6MURG
{
  "owner": {
    "account_auths": [],
    "key_auths": [
      [
        "STM6gReFBhVrEidXGjcWTMDsTfrDhEP1TegfyALWo6oArx8YBNDNz",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "active": {
    "account_auths": [],
    "key_auths": [
      [
        "STM6jm8iLKNKQbDkvamAjvefN6c9XV9vg2cTEH2AA6YzjsiSybrBE",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "posting": {
    "account_auths": [],
    "key_auths": [
      [
        "STM5VgfoqeJ3ejbG1DoNky6TMhvtYzKK5tZS49nXhrqDDci9Ub2aj",
        1
      ]
    ],
    "weight_threshold": 1
  },
  "memo": "STM6tCxbcHL8GpS1Uk3vvdkNd6kUWp73xoR2jYgApuyHDL2t6MURG"
}

Witness Votes

0 / 30
No active witness votes.
[]