>What you're missing is that someone has to manage the AWS servers running the database. I didn't miss that. Someone also has to manage the servers running the

>What you're missing is that someone has to manage the AWS servers running the database. I didn't miss that. Someone also has to manage the servers running the blockchain. >With Bitcoin, you are user and "manager" of the server at the same time. I'm sorry what, no you aren't. At minimum, an external group of miners are managing the servers. You're paying them transaction fees to run the network, and you have to trust them not to attack the network, through a 51% attack or through something else. That doesn't even get into all the other parties you have to interact with and trust to do any kind of real business on a blockchain. >No single party needs to keep track of transactions and be the source of truth. Except there is a single party, that party is the miners. You could tell me that your point is how this party is loosely connected, but so are a lot of cloud businesses. >That was not possible before and it is the innovation behind blockchain and bitcoin. No, it was possible to create distributed systems and consensus algorithms long before blockchains. That isn't an innovation at all.