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Hah, I think the challenge of explaining blockchains is why anyone thinks they solve distributed systems problems and then working through how they don't. Anyt
by KirinDave 9y ago
Hah, I think the challenge of explaining blockchains is why anyone thinks they solve distributed systems problems and then working through how they don't.
Anytime anyone asks me how they work I say, "They don't, actually. They're really a data integrity system that's being misused, and the current economically motivated implementations (currency) are motivated by the assumption that a majority of computing power in the system is guaranteed to work with the system and not try to take it over."
I will probably avoid that conversation.