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>It might change parts of the world where redundancy and integrity are threats Sadly it won't. There is nothing about any kind of cryptocurrency that makes it
by throwaway82652 4y ago
>It might change parts of the world where redundancy and integrity are threats
Sadly it won't. There is nothing about any kind of cryptocurrency that makes it incorruptible or immune to integrity problems. That's more myth-building that I hear quite often but it's not true. The hardest part in any data integrity problem is verifying that the data going into the system was correct in the first place, and blockchains cannot solve this. And actually they make it worse by making it prohibitively expensive to remove incorrect data from the database.
(Note that in general computers and automation cannot solve this because "correct" here refers to whatever the humans designing the system specified according to their human purposes)
- gfodor 4y agoClaiming a technology is not a silver bullet is a statement that contains no useful information, because no technology is a silver bullet. However, blockchains do provide a very high level of durability across various dimensions, and some integrity failures reduce onto durability failures.
- throwaway82652 4y agoYes but so does any other distributed consensus algorithm. Blockchains just happen to be based on the worst ones that don't have any good properties but still keep all of the bad ones.
- gfodor 4y agoYes, but blockchains were first. If your point is that we should evolve to newer, better solutions sure. But I'm guessing you're arguing something else. https://www.youtube.com/watch?v=s_T0oq_rQ9s#t=9m8s https://www.youtube.com/watch?v=s_T0oq_rQ9s#t=9m8s
- throwaway82652 4y agoNo they weren't, byzantine fault tolerance has been studied since the 70s.