dreadgoat

https://en.wikipedia.org/wiki/Hanlon%27s_razor

I got this bug on desktop, running chrome, with no VPN.

This was, as most things like this are, just a pure dumb fuck-up by some guy putting things on prod without properly testing and staging. No need to put on any more tin foil hats than we already have, the incompetence is plenty reason enough to point and laugh.

I think this one is pretty confined to my region (southwestern USA) but we use Otto as the moniker of a generic stupid person too, but probably for a different reason: Otto is Oblivious to the Obvious

Looking at each piece in isolation it’s hard to see the real world value. You have to put it all together. Let’s do the airline ticket example.

Real world today, the information involved in purchasing a ticket is controlled by three parties: The customer, the airline, and the financial institute (assuming you didn’t walk up and pay cash). Anybody involved here screw up or be malicious. You lost your ticket. The airline had a database malfunction. The bank/creditor improperly recorded the transaction. All parties are aware of these potential failures, so there are contingencies in place in case of a missing ticket, a ticket that can’t be found the system, a bad or missing financial transaction. But these backup plans also open the door to fraud, so there need to be even more plans on top of the backups: How to verify the integrity of a seemingly real ticket, protocol for re-verifying a financial event, etc.

It’s simple because it’s familiar, but it’s really ridiculously complicated and error prone.

Let’s introduce NFTs and blockchain.
You buy the airline ticket and the following things happen:
The bank performs the transaction and records it to the blockchain, which is decentralized and owned by no one, so it is verified by all parties before anything else happens. Bank errors are now impossible.
You and the airline perform a mutual authentication, which generates an NFT proving existence of the ticket and attaches it to your identity. From your perspective, this would be unlocking your phone and clicking “approve.”

Now you approach the airport kiosk and there’s a problem.
Airline has no record of purchase - well, the blockchain does, so it’s their fuck up and they have no reasonable argument. You win.
Airline can’t match your ticket to their database - You show them your NFTicket, which their system verifies is a valid, unspoofable, immutable ticket for what you say it is. Again, it’s their fuck up and they have no reasonable argument. You win.
Conversely, you say you have a ticket for today, they say it’s for tomorrow. You inspect the ticket, it is in fact for tomorrow. You fucked up, no further argument.

The only way any of this goes wrong is one of the following:
Multiple forms of your identification are stolen - phone, password, biometrics. Obviously a lot harder than nabbing a CC number.
Multiple parties lose their records at the same time. Possible but unlikely.
State-level villains sabotage the entire system. Possible, sure, but this is an apocalypse-level event and probably an act of war.

It’s effectively impossible for someone to steal or fake a ticket or transaction in this system, and because of that, anybody who has receipts is automatically proven right and you don’t need to jump through any more hoops or threaten to sue anybody. It’s complex behind the scenes but it makes life for businesses and consumers braindead simple. There are so many layers of trust in action that no individual party can reasonably claim something did or did not happen just because THEY messed up.

It’s not the cryptocurrency itself that prevents fraud, it’s the surrounding technologies such as blockchains and NFTs.

Using NFT to own the address to a PNG is hilariously stupid and worthless, but what it’s actually great for is receipts. If I buy a donut and get an NFT proving that I now own the donut (along with metadata about where and when I purchased the donut) and months later I am on trial for murder, I can prove to the court with absolute mathematical certainty that I couldn’t have killed anyone at that time because I was eating a donut halfway across town.

Using blockchain similarly is great for proving your transaction history. Maybe I somehow faked that NFT about the donut? Well, I couldn’t have, because it was months ago and blockchain history is cryptographically impossible to spoof.

These are obviously contrived examples, but when applied at scale it becomes an extremely powerful way to verify truth. Yes, I did in fact buy those tickets, here’s my NFT, now let me on the plane. No, I did not spend $3000 on knock-off accessories, here is my blockchain. The odds of someone being able to fake these is extremely low.

But, again, this will never come into practice, at least not in the near future. As @beefcat pointed out, implementing these systems would be expensive for the established financial institutions, and would present new challenges for them to create new processes for handling. An awful lot of work to create something that is stronger and safer when there is little motivation for them to do so.

Technology rarely advances for reasons that benefit the majority. It advances to make a few people rich, kill people very efficiently, or to increase profit margins on porn sales (see item 1, I guess).

If you think about the really good applications of things like crypto, NFTs, blockchain, etc., you quickly realize that they are things that aren’t marketable or profitable for the entities that would need to implement them. If all the banks and credit companies bought into something like blockchain or NFTs, then transaction fraud and identity theft would disappear overnight… but what would THEY get out of it? The only way it’s ever going to happen is with coordinated government mandates, and nobody running for office has the faintest idea of what crypto tech is other than “dumb way for the nouveau riche to waste their money”