3 ms·
In the comments the author says, "Blockchain is amazing technology - but it is a solution in search of a problem." That's really the tl;dr of this article. Bloc
by chandsie 8y ago
In the comments the author says, "Blockchain is amazing technology - but it is a solution in search of a problem." That's really the tl;dr of this article. Blockchain has a lot of potential value but arbitrarily throwing it at problems won't magically create the value (not counting investors blindly throwing money at buzzwords).
- LeoPanthera 8y agoI have yet to come across any problems that are solved better with a blockchain than with any other traditional technology - except for the original one, a distributed electronic currency.
- 456hdsaq234g 8y agoalso decentralised clocks, which can provide decentralised timestamps, which is a kind of related concept (double spend resistance)
- tylersmith 8y agoIt's not just related, it's the entire idea of the blockchain. It only exists to timestamp data; in the case of Bitcoin that data is a commitment to a set of transactions.
- a1369209993 8y agoAlso a non-redactable public record, although it's a bit hard to do that robustly; you need a transaction saying "find md5^[N]([X]) xor [md5^N(X) xor data]" to ensure you data is already securely embedded before anyone can determine that it's classified/copyrighted/otherwise-censor-bait.
- tardo99 8y agoI strongly agree with your comment. It's frustrating that people won't even attempt to address this glaring deficiency. When I ask people for examples they do the verbal equivalent of running away babbling.