How do you define future proof?
When you cannot predict the political or technological atmosphere 5 or 10 years away you want to design your technology to be future proof. That is the main reason why we are all here discussing Bitshares instead of Bitcoin.
You don't want to have to redesign your solution after the fact because by then it could be too big and too important. The impact of artificial intelligence, as well as the Internet of Things will require a careful design which scales to utilize these technological trends.
Technically a decentralized tx is always more expensive, you need to update the database with all nodes instead of just on one server.
Expensive? But more free, secure, private, resilient? I suppose you could have said the Internet at one point was more expensive than just using the phonebook but that has switched around and now using the whitepages is more expensive than the Internet when you can consider the difference in capabilities. You could still use the whitepages or go library but it's actually more expensive because it costs much more time. You also don't have the convenience of being able to do it from home.
In the future we will be diagnosed from home. We'll want to be able to consult with doctors. Doctors will want to get paid, we'll want freedom, security, privacy and convenience once biohacking becomes popular.
Also these nodes have to be (monetarily) incentivized to stay online and have to have a (monetary) motive to stay honest.
So? That's not how people judge value. You're thinking as an accountant and maybe as an accountant you would be right but people don't care about that. What they want to know is whether they can get the same features or better with greater privacy, security and freedom. If the answer is yes then tell me why people wouldn't want it? If people want it then it can make money regardless of if some centralized less functional version is cheaper.
E-commerce payments (Visa, paypal etc) are different than the tx internal to this platform. Visa etc. are only expensive because they are vulnerable to be defrauded and because of all kinds of state requirements (know your customer, licensing etc.). Therefore a Proof of stake system could be less expensive for payment applications. But in our case there would be no charge backs and no kyc or licensing requirements...
There could be all of that and it would still be cheaper in my opinion. There is no reason why you couldn't do KYC or chargebacks. Licensing requirements I don't even know what that means.
No offensive btw luckybit It's a fruitful discussion.
No offense taken. It's understandable that people will think this idea is a bit out there. The purpose behind this is that if we are going to have P2P insurance why would we stop there?
We would still have to rely on legacy systems which use outdated centralized technology. The problem with centralized technology is that it's not as free, it's not as secure, and it's not as private. These are facts inherent in the design of the technology itself.
For example if you have to use a centralized Internet to get advice from a doctor then if your government takes a hostile position they could simply block the DNS and now you cannot access the site? Hackers who don't want this could simply hack the site and then give everyone's most sensitive biological information to really bad people?
How are we going to deal with a world where computers know more about us than we could ever know about ourselves? All of our genes sequenced, all sorts of extremely private information has to be stored. We need the ability to let certain people access it and give us advice but we currently don't have any safe place to store it.
How do you want to solve this problem? I say we should go decentralized and turn it into a DAC. Over time technology itself which would be directed by economic incentives would solve the problem. I don't see how you can do it with a centralized company because which company do you trust to have all the worlds biological information? Do you want Google to know you like that? How about Facebook?
Anyhow I put my idea out there. Study it and if the time comes where it begins to make sense then this thread will be pulled up.