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No, no, no! That's the whole reason behind why it sucks... you can't trust it! You have to verify every record on that chain by yourself, and if you make a mist

No, no, no! That's the whole reason behind why it sucks... you can't trust it! You have to verify every record on that chain by yourself, and if you make a mistake in a transaction or other operation there is no court or process that can give you restitution. Its also very inefficient (massively slow) compared to a distributed database, while functionally doing the same thing. There are barely any use cases where you don't want central authority and you want distributed storage... centralized databases are always going to be more efficient and convenient. If you want to use a inefficient, crappy excuse for a database be my guest.

rantwasp 6y ago
not sure if you’re a troll, but that’s the reason why you trust it. you can actually verify every transaction that happened on the chain. the way this is done is not unlike any system that uses event sourcing (including the distributed databases that you worship). here is a killer use case for blockchain: supply chain management with a lot of entities and lack of trust. smart contracts are a thing. also, there are blockchain implementation that are really performant (don’t get stuck on bitcoin)
- Gibbon1 6y ago
  > supply chain management with a lot of entities and lack of trust. This tells me you know zero about supply chain management.
  - rantwasp 6y ago
    hmm. if you ever had to deal with a supply chain and understand all the moving parts you cannot make the argument above with a straight face.
    - nexthash 6y ago
      Oh, and would you mind explaining to us your experience with supply chain management?
      - rantwasp 6y ago
        I'm not going to dox myself, but if you want to learn more about it, here are a few pointers: https://www2.deloitte.com/us/en/pages/operations/articles/blockchain-supply-chain-innovation.html https://www2.deloitte.com/us/en/pages/operations/articles/bl... https://hbr.org/2020/05/building-a-transparent-supply-chain https://hbr.org/2020/05/building-a-transparent-supply-chain https://knowledge.wharton.upenn.edu/article/blockchain-supply-chain-management/ https://knowledge.wharton.upenn.edu/article/blockchain-suppl...

rantwasp 6y ago

not sure if you’re a troll, but that’s the reason why you trust it. you can actually verify every transaction that happened on the chain. the way this is done is not unlike any system that uses event sourcing (including the distributed databases that you worship). here is a killer use case for blockchain: supply chain management with a lot of entities and lack of trust. smart contracts are a thing. also, there are blockchain implementation that are really performant (don’t get stuck on bitcoin)

Gibbon1 6y ago
> supply chain management with a lot of entities and lack of trust. This tells me you know zero about supply chain management.
- rantwasp 6y ago
  hmm. if you ever had to deal with a supply chain and understand all the moving parts you cannot make the argument above with a straight face.
  - nexthash 6y ago
    Oh, and would you mind explaining to us your experience with supply chain management?
    - rantwasp 6y ago
      I'm not going to dox myself, but if you want to learn more about it, here are a few pointers: https://www2.deloitte.com/us/en/pages/operations/articles/blockchain-supply-chain-innovation.html https://www2.deloitte.com/us/en/pages/operations/articles/bl... https://hbr.org/2020/05/building-a-transparent-supply-chain https://hbr.org/2020/05/building-a-transparent-supply-chain https://knowledge.wharton.upenn.edu/article/blockchain-supply-chain-management/ https://knowledge.wharton.upenn.edu/article/blockchain-suppl...