Kickstarter moving to blockchain

[darjr]

I guess that nothing will seem to change on the surface. I gotta admit I really don’t understand how you move a web site to work on top of blockchain.

I’m missing something.

What does this mean for rpg Kickstarters? If this is a big snafu for them and the KS ship sinks, is it easy or hard to move to another crowd funding platform?

Redirect Notice

www.google.com

Not sure if this even belongs though.

 

[Morrus]

I don’t even know what blockchain is!

 

[Sacrosanct]

Yeah, I'm afraid this is above my head. I read the article to read as if KS is now going towards digital currency, like bitcoin, to fund projects?

 

[Umbran]

Of, for love of fleep! Kickstarter doesn't need fleeping blockchain!

For those unware of what it is, to quote IBM:
"Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved."

What Is Blockchain? | IBM

Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

www.ibm.com

Blockchain is an underlying technology to bitcoin systems - it supports the creation of an immutable ledger of transactions independent of the people who make the transactions. In bitcoin's case, it keeps the people who make the transactions anonymous.

Since bitcoin is (nigh inexplicably) a big thing, "blockchain" has become the new buzzword technology.

 

[UngainlyTitan]

Yeah, I'm afraid this is above my head. I read the article to read as if KS is now going towards digital currency, like bitcoin, to fund projects?

Unlikely, block chain is an encrypted distributed ledger. It is a technology at the heart of cryptocurrencies but the currency element is not necessary for blockchain technology.

 

[darjr]

Well it looks like Kickstarter doesn’t know either.

 

[doctorbadwolf]

As I said in an unrelated thread, "Yikes."

 

[UngainlyTitan]

Of, for love of fleep! Kickstarter doesn't need fleeping blockchain!

For those unware of what it is, to quote IBM:
"Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved."

What Is Blockchain? | IBM

Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

www.ibm.com

Blockchain is an underlying technology to bitcoin systems - it supports the creation of an immutable ledger of transactions independent of the peole who make the transactions. In bitcoin's case, it keeps the people who make the transactions anonymous.

Since bitcoin is (nigh inexplicably) a big thing, "blockchain" has become the new buzzword technology.

I agree that Kickstarter does not need it but would be a good testing ground for a non currency blockchain system. Strikes me as a way to attract the kind of venture capital funding in a way that Kickstarter is not sexy enough to attract.

 

[darjr]

Maybe the story is people are getting wary of Kickstarter because of its officers oddball behavior?

 

[darjr]

How does an immutable ledger that can be traded after the fact help Kickstarter or it’s customers the KS runners or the backers?