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What bothers me with this blockchain is, who will actually run the nodes? If only the merchants do so, then they can also counterfeit everything just as they wa
by plopilop 9y ago
What bothers me with this blockchain is, who will actually run the nodes? If only the merchants do so, then they can also counterfeit everything just as they want. In the end you rely as much on your trust to the merchant than with the classical method (i.e., a tag that reads "Product of [country]", which is way more eco[nom/log]ical.
- samirillian 9y agoYeah, I mean, that's why you have to include the financial incentive of the coin to keep "disinterested" 3rd parties involved. The real-world uses give the coin value and the coin's value allows the blockchain to function. At least that's how I understand it.
- unboxed_type 9y agoWhy not to use already running platforms like Ethereum where all those incentive issues are already solved?
- majewsky 9y agoHow will you use your supermarket to use Ethereum instead of their own blockchain where they can mine as much coins as they need without wasting huge amounts of energy?
- unboxed_type 9y agoIf a supplier is running its own blockchain, then it really makes little sense. But to gain real trust of its clients, supplier will actually put it on a public blockchain. Only then external experts will say: "yeah, this supplier is really trustworthy". In other words, the incentive to use a public blockchain instead of their own, private one, is to gain real trust.