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If that were the case, then blockchains would be implemented akin to GPG's web of trust. You could choose who to trust, and based on a level of trust, whether
by MereInterest 5y ago
If that were the case, then blockchains would be implemented akin to GPG's web of trust. You could choose who to trust, and based on a level of trust, whether you would trust their trusted contacts.
Public-key cryptography is about being able to choose who to trust. Blockchain is about never trusting anybody.
- astoor 5y ago> Blockchain is about never trusting anybody. This is a common misconception - blockchain still requires trust, it simply shifts trust from central authorities to more nebulous entities such as anonymous developers, shady mining cartels, unregulated exchanges, the cryptocurrency oligarchs manipulating the prices, and even yourself to not lose your private keys. See also Bruce Schneier's https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/ https://www.wired.com/story/theres-no-good-reason-to-trust-b... .
- vmception 5y agoYes, there are some groups that use blockchains as a GPG web of trust, since like 2011 Where are you even getting these blanket statements from? Did you look or ask about them? The point is that the blockchain doesnt force you to use it, but optional or temporarily trusted environments can be used and are being used