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It is almost impossible for someone to physically steal my house. Certainly improbable. And it would be easy to recover with the help of the police. It is by c
by yojo 5y ago
It is almost impossible for someone to physically steal my house. Certainly improbable. And it would be easy to recover with the help of the police.
It is by comparison easy for someone to steal crypto keys, or for them to be lost.
If we add a solution that allows us to fix the stolen or lost keys issue, then we eliminate the primary values of the block chain, decentralized trust and immutability.
So now we’re using a really complex database (potentially with POW energy use) for something that seems equally well solved by simpler tech.
So why would we want to use the block chain for this?