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> which one hosts the database? Both? > manipulate data to the disadvantage of the other How is this even possible? Don't they sign their transactions?
by laserlight 4y ago
> which one hosts the database?
Both?
> manipulate data to the disadvantage of the other
How is this even possible? Don't they sign their transactions?
- hanniabu 4y agoLet me just operate a database for everyone I interact with, and also pay a lawyer to write a contract for every interation. > How is this even possible? Don't they sign their transactions? In a blockchain, yes. What you quoted was talking about a database. It seems like you accidentally just realized the issue with your own argument by trying to find an issue with his. Great way to get around bias.
- fineIllregister 4y ago> Let me just operate a database for everyone I interact with. If I'm a company, I already have a database of transactions, even if it is a spreadsheet or physical file folders. > It seems like you accidentally just realized the issue with your own argument by trying to find an issue with his. Where is the issue? The two companies can sign and keep separate copies of the contract/transaction. That's literally what they do now. Just digitize it, no blockchain necessary. Companies could sign a text file of a contract with PGP keys. We could standardize a transaction format and both companies could sign each exchange. Company A would keep the contract and Company B's signature, and vice versa. Trusted third parties (our attornies, banks) could sign as witnesses for bigger transactions. What do cryptocurrency and blockchain achieve over that, especially given the high costs of transactions?