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Adding to a public ledger needs some mechanism to deter people from junking up the system for everyone. In Bitcoin/other crypto, that's mostly represented as a

Adding to a public ledger needs some mechanism to deter people from junking up the system for everyone. In Bitcoin/other crypto, that's mostly represented as a flat "gas" fee that is added on top of your transaction. This is also easy to control because the only thing Bitcoin is storing is account balances. For pretty much everything that isn't solely relegated to storing numbers, moderation becomes an immediate issue since everything is immutable. So, yeah, I think it is all about cryptocurrency. Trying to build anything other than a public bean-counter would probably prove insurmountable.

alegeaa 4y ago
Yeah, I guess something needs to be done. Blockchain is powerful, but it seems to not be reaching its potential. Cryptocurrency seriously is denting its image. Sadly.
- smoldesu 4y ago
  Cryptocurrency is the blockchain's image, though. It's the posterchild, the most dead-simple distributed system to implement. You don't need variable-width ledger entries or complicated typing schemes, you just need numbers and a distributed CSV file. All of the successful distributed technologies (I2P, Matrix, Bittorrent) have proven that blockchains are totally unnecessary for modern distributed systems.
  - alegeaa 4y ago
    Well, I hope I can prove them wrong. xD
    - alegeaa 4y ago
      I have a conviction that blockchain can do a lot more good than just cryptocurrency if implemented carefully.
      - smoldesu 4y ago
        How do you intend to prove that?
        alegeaa 4y ago
        By building one. Still testing the hypothesis but I believe it's possible, and it will work. xD
- deleted 4y ago
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