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We already have reliable databases. Blockchains purport to offer trustless consensus. If that were true, it'd be a big deal. It's not clear that they do. But
by KirinDave 9y ago
We already have reliable databases. Blockchains purport to offer trustless consensus. If that were true, it'd be a big deal. It's not clear that they do.
But why would eBay want a trustless consensus? Their entire business model is around being that trusted arbiter and broker.
Even off in darkweb land, companies exist to service and broker transactions that then fall back to the blockchain to reconcile payment. So presumably if you were correct we'd see that model emerging.
I've looked, but the inside of Tor is a big place. Maybe you've seen an example I haven't?
- snissn 9y ago> We already have reliable databases. not in the way that a blockchain maintains the final state and a clean audit log of every transaction.
- KirinDave 9y agoGit does this, doesn't it? (Not that people here appreciate my contention that GitHub is a "white label blockchain company")
- snissn 9y agoYeah that's true, and Github is really popular, I use it every day.
- KirinDave 9y agoWell then: Git is a blockchain with proof of ownership for commits and it doesn't need multiple miners or anything and you use it every day with what I guess is acceptable risk.
- Scarblac 9y agoBecause it uses trust. I trust that only I can access my local Git repositories, and that Github's authorization does its job. Which is absolutely great, but nothing new and not what people mean when they hype about "blockchain".
- KirinDave 9y agoI find most folks don't mean anything they think they mean when they hype about blockchain, so I like to try and inject reality.