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“Blockchain Is The Most Over-Hyped Technology Ever, No Better than a Spreadsheet/Database” I think he fundamentally understands and misunderstand something tha
by justjonathan 8y ago
“Blockchain Is The Most Over-Hyped Technology Ever, No Better than a Spreadsheet/Database”
I think he fundamentally understands and misunderstand something that most people, (though probably not here) don’t get.
A blockchain is an immutable distributed ledger (database). It is a terrible decision for anything that can be centralized (something where you can trust some party).
It is incredible tool and a case where you can’t trust anybody.
There are very few applications where The trade off of trust does not outweigh the efficiency of centralization, but should you have such a case…
- nil_pointer 8y agoI stopped reading the paper after this quote. If the author doesn't understand the tech or has a very simplistic understanding of it, their opinion on it doesn't matter and shouldn't hold any weight.
- asynchrony 8y agoI think he understands the technology better than a fair percentage of casual readers here. Perhaps you should read the rest of the paper.