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From a cryptographic perspective, centralized and decentralised services are equally secure. From a user perspective, blockchains are less secure as there is no
by cuteboy19 5y ago
From a cryptographic perspective, centralized and decentralised services are equally secure. From a user perspective, blockchains are less secure as there is no authority you can approach for chargebacks
The point of blockchain was removing trust from a single person and spreading it around over a network
- baby 5y ago> From a cryptographic perspective, centralized and decentralised services are equally secure That’s just not true
- _heimdall 5y ago> From a user perspective, blockchains are less secure as there is no authority you can approach for chargebacks This actually proves the point that security is relative. There are instances when I would feel more secure when an outside party can refund my money, say when the seller never ships the product I ordered. There are also times when I would feel less secure with chargebacks, like when I sell something on eBay and the buyer files a complaint with PayPal after taking delivery of exactly what they ordered. Security wasn't an original goal of bitcoin. Privacy, anonymity, and immutability were, though the first to were lost a decade ago and immutibly is pretty well solved but also the primary cause for so much wasted resource consumption.
- yunohn 5y ago> There are instances when I would feel more secure Your comparative examples make no sense - you like refunds as a customer and hate refunds as a vendor. Surprise, surprise…? I mean this is already the case in web2/fiat.
- _heimdall 5y agoIt sounds like you did understand my two examples, not sure how they could have made no sense. The two scenarios point to competing ideas of what "secure" would mean, and my point was that security can't be a goal because its relative