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I would argue that claims about the revolutionary potential of blockchain as a technology have been largely exaggerated, but I agree that it's hard to imagine i
by skohan 6y ago
I would argue that claims about the revolutionary potential of blockchain as a technology have been largely exaggerated, but I agree that it's hard to imagine it replacing the financial system in its current state. It just doesn't seem like it could possibly scale to the number of transactions which have to be made globally every second. That's not to say there aren't technical solutions to some of these problems, but currently it seems like even if less than 1% of the population tried to start using bitcoin as their only currency, the system would collapse under its own weight.
I actually think it might be interesting for something like voting. Here having a completely public, verifiable record would add a lot to what is currently a very opaque system in a lot of places.
- headmelted 6y agoI thought about how it would be good for voting in the past - again though, not as a public transaction log (how you vote being public could get you killed in some places).
- skohan 6y agoI'm not an expert, but it seems as if you could make this process both anonymous and verifiable. I.e. the number and authenticity of votes is verifiable through cryptography, but the identity of the voter is not accessible.