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On the CAP theorem specifically, I refer you to: https://medium.com/humanizing-the-singularity/why-global-trade-needs-the-blockchain-e1a380f5df2 https://medium

On the CAP theorem specifically, I refer you to: https://medium.com/humanizing-the-singularity/why-global-trade-needs-the-blockchain-e1a380f5df2 https://medium.com/humanizing-the-singularity/why-global-tra... I think you will find that if you think carefully the blockchain presents an opinionated solution to building useful globally distributed databases. This breaks it down more explicitly. https://ancapalex.medium.com/a-cursory-introduction-to-byzantine-fault-tolerance-and-alternative-consensus-1155a5594f18 https://ancapalex.medium.com/a-cursory-introduction-to-byzan... You actually have to think about this to understand it. From first principles.

ForHackernews 3y ago
...but we already have useful, globally distributed databases that are vastly more efficient than blockchains, and have for a decade or so: https://static.googleusercontent.com/media/research.google.com/en//archive/spanner-osdi2012.pdf https://static.googleusercontent.com/media/research.google.c... Bitcoin is 14 years old at this point. We are _not_ early. Surely if blockchains are as great as their proponents claim, at least one clever company would have done something unquestionably impressive with them? But maybe I'm the crazy one here. (For context the time between the launch of Sputnik and the first commercial communications satellite, Intelsat I, was 8 years)