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There are two reasons to use a blockchain: to avoid double spending in an adversarial environment, and to avoid central control of a database. This application
by paulsutter 8y ago
There are two reasons to use a blockchain: to avoid double spending in an adversarial environment, and to avoid central control of a database.
This application requires neither, and this implementation accomplishes neither.
- pimlottc 8y agoI'm aware of the latter justification, but can you elaborate further how a blockchain is more effective at preventing double spending than a centralized system?
- paulsutter 8y agoAn adversarial environment kinda rules out control by one of the adversaries (ie, whoever is running the centralized system)