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Isn't the whole point of the blockchain that once something is there, there's no way to get rid of it (without invalidating the entire thing)?
by bandrami 9y ago
Isn't the whole point of the blockchain that once something is there, there's no way to get rid of it (without invalidating the entire thing)?
- ebcode 9y agoPersonally, I wouldn't say that was the whole point of it. As far as I know (and that ain't much -- I'm not an expert), bitcoin's fundamental contribution was solving "The Byzantine Generals' Problem"[0] in a novel way by using its proof-of-work algorithm combined with the blockchain. This is how/why it works and has been adopted the world over. Personally, I would say that the whole point of it was not to store censorship-resistant information, but to provide a store of value independent of the current system of state-controlled and/or -regulated fiat currency. The fact that it is also useful for storing censorship-resistant information is a side-effect of the developer adding that feature to the code. [0]https://bitcointalk.org/oldSiteFiles/byzantine.html https://bitcointalk.org/oldSiteFiles/byzantine.html