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Bitcoin the most secure public ledger in the world proves that every participant in the blockchain can verify and see billion+ valid transactions. Trust in full

by oleril 3y ago

Bitcoin the most secure public ledger in the world proves that every participant in the blockchain can verify and see billion+ valid transactions. Trust in fully decentralized and transparent elections is not a technical issue!

thephyber 3y ago
Lol, you again. The BTC ledger is pretty good, but it is fallible —- mostly because a human has to control the keys and the UI apps that make using the wallet for transactions are far less secure than the core BTC protocol. Good luck teaching a 90 year old person who hates computers how to vote using their BTC wallet. Also, the security of BTC isn’t infallible. Once someone finds a weakness in the system, they will quietly abuse it as a 0-day for a while before anyone notices it. Elections should be robust against any single point of failure, and they are. The BTC wallet is until it isn’t.
bcrl 3y ago
Bitcoin sustains about 7 transactions per second. In 2022 there were roughly 168 million registered voters in the United States. It would take 24 million seconds to publish 1 transaction (vote) per voter using a bitcoin style blockchain. The math doesn't work. Bitcoin is not a solution to this problem.
- thephyber 3y ago
  Throughput isn’t fixed across all blockchain implementations. It’s possible to fork/side chain BTC to accommodate far more transactions per block, thus drastically increasing throughput. I still think _ergonomics_ of making sure every eligible voter can use the system is far more important that making it {immutable, distributed, transparent}. Also, the immutability property is a double edged sword as someone losing control of their wallet secret key would lead to a leak of everyone they voted for. Or worse yet, if voter ID is tied to wallet ID instead of government-issued ID, one organization could go around stealing private keys in order to steal those ballets.

by oleril 3y ago

thephyber 3y ago

Lol, you again. The BTC ledger is pretty good, but it is fallible —- mostly because a human has to control the keys and the UI apps that make using the wallet for transactions are far less secure than the core BTC protocol. Good luck teaching a 90 year old person who hates computers how to vote using their BTC wallet. Also, the security of BTC isn’t infallible. Once someone finds a weakness in the system, they will quietly abuse it as a 0-day for a while before anyone notices it. Elections should be robust against any single point of failure, and they are. The BTC wallet is until it isn’t.

bcrl 3y ago

Bitcoin sustains about 7 transactions per second. In 2022 there were roughly 168 million registered voters in the United States. It would take 24 million seconds to publish 1 transaction (vote) per voter using a bitcoin style blockchain. The math doesn't work. Bitcoin is not a solution to this problem.

thephyber 3y ago
Throughput isn’t fixed across all blockchain implementations. It’s possible to fork/side chain BTC to accommodate far more transactions per block, thus drastically increasing throughput. I still think _ergonomics_ of making sure every eligible voter can use the system is far more important that making it {immutable, distributed, transparent}. Also, the immutability property is a double edged sword as someone losing control of their wallet secret key would lead to a leak of everyone they voted for. Or worse yet, if voter ID is tied to wallet ID instead of government-issued ID, one organization could go around stealing private keys in order to steal those ballets.