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You can only create "tamper proofness" aka security with social coordination. Your bankaccount is somewhat secure due to layers and layers of agreements and in
by TekMol 5y ago
You can only create "tamper proofness" aka security with social coordination.
Your bankaccount is somewhat secure due to layers and layers of agreements and interdependencies of people. Bitcoin works the same way, but in a much more modern way and achieves much better security.
The git repo you mention elsewhere is something completely different. There is no security baked into git. A git repo is just a bunch of files.
No workflows have been transformed in a decade because workflows do not change that fast. TCP/IP and and the rest of the internet protocol suite was developed the 60s. It started to disrupted workflows 40 years later.
- boplicity 5y ago> Bitcoin works the same way, but in a much more modern way and achieves much better security. Is this true in practice? Haven't there been multiple massive bitcoin thefts? If these happened to a bank, you'd have a chance to get your money back. With Bitcoin -- it's just gone.
- TekMol 5y agoThat is not the type of log level security we are discussing. "Security" here means that a piece of data that was written to the log stays there unaltered. "Theft" is on a much higher abstraction level. A "Bitcoin theft" is that someone steals your key and then appends a message to the log "Boplicity pays 17 BTC to Joe. Signed: Boblicity". Stealing your private key does not take place on the blockchain. And all previous entries to the log are still there.
- zach_garwood 5y agoAnd those goalposts just fly by!
- xboxnolifes 5y agoThese are the unmoved goalposts from this comment chain.