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Blockchains are fairly simple technologically. Securing them is substantially more difficult, so creating one is difficult, but to simply understand what they d
by jerf 5y ago
Blockchains are fairly simple technologically. Securing them is substantially more difficult, so creating one is difficult, but to simply understand what they do you don't have to understand all those fiddly details.
What is opaque are all the various bizarre schemes to try to turn them into something useful and profitable, because they really aren't good for that much. (Non-zero. Definitely non-zero. But not really that much.) You either have to stretch them into a space they aren't really good for, or all but create a problem they can solve, but essentially doesn't otherwise exist as a problem. This is where a lot of the complication lies. NFTs, for instance. Drop-dead simple technologically, really. The confusing part has always been, why would anyone spend that much on a fairly crappy picture of a monkey? There's multiple layers of "wtf" to unpack in that question. But the technology itself permitting it isn't that complicated.