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There are plenty of ways to avoid 1:1 mapping between keys and access to/control of things on decentralised networks and blockchains, so really these are not ar
by barnabee 5y ago
There are plenty of ways to avoid 1:1 mapping between keys and access to/control of things on decentralised networks and blockchains, so really these are not arguments against blockchain just against a specific way you can choose to manage your keys.
Simple multisigs are a good start, as is key recovery via m of n (Shamir's secret sharing). More sophisticated systems have been built on top of this to allow, for instance, users to use their (singular) keys and to also allow a process, that remains decentralised, in which multiple [somewhat] trusted parties participate to recover access if they lose their keys or die.
These solutions are obviously more complex to build and interact with than a simple public/private keypair, hence why it has taken longer to develop them, audit then, and get to a point where they have a decent and intuitive UX (check out Argent, Gnosis Safe, among many). But if a big part of your argument against blockchain technology in 2021 is about lost keys, I'd highly recommend digging deeper into the state of the art before getting too stuck to a conclusion.
There was a time "I wouldn't use my credit card on a website because it's too insecure" made sense too, but HTTPS became the standard and we moved on. So it goes.
- arcticbull 5y agoI'm well aware of the state of the art lol. But that's not a better system in any way. It's slower, less efficient and provides zero incremental value. And a ton of complexity and risk. Is it possible to solve the problem? Maybe? Maybe not? I don't know. But so what if we do? In what concrete way is this better? It feels like at best we'll be right where we started. It's a solution searching for a problem. A solution to a question nobody is asking. [edit] personally I couldn't care less what database you choose to use to store DNS records - but it should probably be better than what we have now right?
- gfodor 5y ago"What if we could get everything we wanted where the root certificate isn't a nuclear weapon?" There, I asked it.