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A blockchain is already a public permanent record in the first place.
by t-3 4y ago
A blockchain is already a public permanent record in the first place.
- lumost 4y agoIt won’t be once it shuts down. Blockchains are as permanent as the miners that power them.
- vel0city 4y agoThese were technically coins which were processed as smart contracts in Ethereum. Even if these coins "cease operations" their history will continue to exist in the Ethereum blockchain, forever.
- RexM 4y agoAt least until Ethereum goes tits up.
- lukifer 4y agoNo, as long as at least one person chooses to host a full-node (or, just a torrent containing the entire historical chain). It's exceptionally unlikely that this information will cease to exist in our lifetimes.
- anonymoushn 4y agoThis is incorrect. Terra is a Cosmos chain. Some Luna and UST exists on other chains, but these tokens represent claims to tokens on Terra.
- adventured 4y agoThere's no such thing as a blockchain permanent public record. Some entity has to keep that up forever, maintained, public & accessible, for it to be such - that's not going to happen. Nearly all of them will fail and be wiped by time. And certainly all of them can go away, they're mere digital storage systems. There's nothing permanent about any of it, not by any stretch of the imagination. They're particularly, almost pathetically, temporary records. Most of these garbage coins will have no comprehensive financial records remaining several decades from now. By contrast, I know a lot of small businesses that have elaborate financial records going back 30-40 years, and the country is surely filled with similar (and most large corporations will have such).
- lanstin 4y agoTime to donate to Internet Archive asking them to preserve final block state of as many chains as possible. Shouldn’t be too expensive, my laptop is a bitcoin node and lets be do all my work, and I guess the smaller chains are smaller in disk and compute and network.