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Putting aside cryptoeconomics for a second, a centralized database can be manipulated in a criminal activity. A decentralized, omni-inspected one with no clear
by gbolcer 5y ago
Putting aside cryptoeconomics for a second, a centralized database can be manipulated in a criminal activity. A decentralized, omni-inspected one with no clear owner and no ability to take an axe to it provides a cryptographically sound public ledger (unless it's a private blockchain of course). It'd be very difficult to--independent of the activities that the technology is being used for now--criminally tamper with the history.
I think you have to split it into conceptual layers. Decentralization at the lower layer has value independently of how it's used.
- Jerrrry 5y ago>Any application that could be done on a blockchain could be better done on a centralized database. Except crime.