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The only thing blockchain prevents is for any particular actor to change the record. Which is a nice feature only if you don't trust the holder of the records.
by bena 7y ago
The only thing blockchain prevents is for any particular actor to change the record.
Which is a nice feature only if you don't trust the holder of the records.
- rickycook 7y agowell, don’t trust or don’t have a holder of the records per se. in the case of escrow, it also may be that you don’t trust the holder of some large amount of money, but you do trust them to arbitrate disputes.
- derefr 7y agoWith a public blockchain, you have no "holder of the records." This makes them useful for situations where you need multilateral cooperation between mutually hostile parties, e.g. people on either side of an illegal drug deal living in different countries with no treaty extradition obligations.