back to article Dudes. Blockchain. In a phone. It's gonna smash the 'commoditization of humanity' or something

So it wasn't a joke. HTC today vowed to launch its "Blockchain Phone", which it calls an "agent of decentralization". HTC confirmed overnight that the Exodus smartphone will ship in its third quarter – meaning some time before the end of September – without releasing specifications. Or even what advantages it promises for the …

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  1. BumPuddl3

    Am I the only one who thought this sounded cool?

  2. NeilPost

    Marketing Viagra

    Sounds like someone in the marketing dept has cut some Viagra into their Coke, and blown their load.

    What a load of old meaningless, soundbite claptrap bollocks.

  3. steviebuk Silver badge

    Quite an interesting vid on explaining Blockchain

    As I didn't know what it was

    Mark Russinovich from Sysinternals now of Azure CTO fame explaining it.

    https://www.youtube.com/watch?v=cYWal114BOw

    1. GrapeBunch Bronze badge

      Re: Quite an interesting vid on explaining Blockchain

      Thumbs up. In the first minute I learned how to pronounce Azure (the thing he's in charge of). Accent on the first syllable, as in English, but the 'u' deprecated almost to nothingness. Every pronunciation has its scope. You say Honus Wagner the baseball star differently from Richard Wagner the composer.

      Looking forward to the ruthless powers of logic and exposition that made Process Explorer a good piece of software.

  4. Mike Scott 1

    I've tried...

    I've tried to understand this thing and work out it's value, but I've failed.

    Maybe it's me...

  5. A.A.Hamilton
    IT Angle

    Dudes. Blockchain.

    Forgive me, I'm laowai so I speak English only. I know, but don't much care, what a Blockchain is. But what in Ada's name is a 'Dude'? It looks like a typo: should it not be 'Dud' ? If not, how is it pronounced? 'Dudee' ? It's used here in The Register, so it must be an IT term of some sort - with an obscure origin, like 'byte', perhaps. Somebody explain why I should understand and use this word in my work.

    1. Aladdin Sane Silver badge

      Re: Dudes. Blockchain.

      Google* is a thing.

      *Other search engines are available.

  6. sgriff35

    Looking at their exec members on the website, lots of "was involved in this before iPhone came long." Or "was involved in the early phase of this..." Lots of things many of us have never heard of before or since. Is that really a good thing to advertise about the heads of the company? "I set this up until something better came along and then my project disappeared" is how a lot of it should be worded. I know you have to fail before you can succeed, maybe that's the angle they're going for.

  7. anonymous boring coward Silver badge

    "Chen's LinkedIn profile reveals he has a Master of Divinity (MDiv) degree in postmodern philosophy from Fuller Theological Seminary."

    Is it April 1st already?

  8. anonymous boring coward Silver badge

    I get that a blockchain can be reliable technology in the case of something like Bitcoin.

    But if we have 1 million blockchains for various trivial purposes, wouldn't that make them just as unreliable as any other technology? Who is going to verify it all and pronounce authenticity?

    I admit to little knowledge in the area, so don't hesitate to put me right.

    1. Michael Wojcik Silver badge

      "Blockchain" is just a (misleading) name for a Merkle tree with some additional unicorn feathers tacked on. The point of Merkle trees is that interested parties can verify membership in the tree, as long as they've already verified the appropriate subset of the parent tree.

      As long as there's an interested party with the necessary state, the Merkle tree remains verifiable. The number of Merkle trees in existence doesn't change that fact.

      On the other hand, the Bitcoin model of recruiting verifiers for its blockchain only scales so far. That's why we see a lot of copycat cryptocurrencies vanish into obscurity, and why Bitcoin transactions can take a long time to complete.

      In short, the economics for blockchain work just like the economics for anything else. If there's a reward for verification, then someone will perform that labor. The reward may be something like "enables us to perform a business function at a lower cost than currently-feasible alternatives" - it doesn't have to be "a chance of obtaining some digital good I can sell"

      1. Alter Hase

        Merkle Tree

        Thanks for the reference to a Merkle Tree -- it helped me understand what a blockchain represents.

        My fundamental questiion regarding blockchains is "when does the cost of calculating the hash for the latest transaction in blockchain become prohibitive?"

        Somehow, labeling something as blockchain-related reminds me of putting ".com" on something a few years ago....

        (And has anyone note that The Register's spellchecker doesn't recognize "blockchain"? Is The Regster .trying to tell us something?)

        1. Orv Silver badge

          Re: Merkle Tree

          Short answer: It depends on the hash function.

          Longer answer: In Bitcoin reversing a difficult hash is used as a form of proof-of-effort for distributing new coins. That's only one way to do it, although it's the easiest one to conceptualize because it involves real-world inputs with value (power and time.) If the goal is not to create digital items that are supposed to be a store of value, there doesn't necessarily have to be a high level of effort involved.

          That said, yeah, a lot of stuff currently has "blockchain" tacked on it that either isn't using blockchain at all, or is using it as an inferior substitute for MySQL or MongoDB.

      2. GrapeBunch Bronze badge

        "Blockchain" is just a (misleading) name for a Merkle tree with some additional unicorn feathers tacked on.

        Yabbt if Angela had named it Holzmachtfrei, it wouldn't have sold so well.

  9. 89724102172714582892114I7551670349743096734346773478647892349863592355648544996312855148587659264921

    Copy like madmen while you can!

    Infinite copies of Digital Content may soon become a thing of the past.

  10. Anonymous South African Coward Silver badge

    Blockchain = Bollockschain :)

  11. Anonymous Coward
    Anonymous Coward

    "We understand the potential of digital scarcity and uniqueness. With Exodus, HTC aims to be a general blockchain asset marketplace," said Chen. "We believe there is a paradigm shift and the pendulum is swinging back to ownership and the value of content."

    What buzzword, marketing magic is this? ffs

    Blockchain - the new Monorail

  12. AK565

    Nice to know the reason I understood none of this is the fact that it made no sense, not my lack of tech background.

  13. GIRZiM

    Wow!

    So, let me get this straight: if I buy into these new blockchain technology thingamajigbobs then, instead of setting up individual standing orders/direct debits to automatically pay for services from my centrally banked funds, I'll be able to set up individual gadgets to automatically pay for services from my centrally walletted funds?

    And I'll get a free kittiecat too?

    Wow! That's what I call innovative! Count me in!

  14. tentimes

    Blockchain: Expensive and SLOW

    I have to buy and move about Bitcoin every month or so. It is a real hassle. The "blockchain" is shit for currency. It costs far too much per transaction and is far to slow (about 1 hour to get 6 confirms?!!).

    How is this thing supposed to cope as it gets bigger?

  15. CPU

    Will BS for cash

    Nothing to see here, no really, nothing... please gives us money anyway!

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