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> Stripe controlled blockchain could offer that a database could not. A database cannot resist tampering by somebody with admin access to the database. It may

> Stripe controlled blockchain could offer that a database could not. A database cannot resist tampering by somebody with admin access to the database. It may be the only thing that blockchains have going for them, but it's a big one.

LoganDark 1y ago
Stripe would never create a blockchain they can't control, because if it has anything to do with fiat then it's going to need to have that control. I have an extremely high suspicion they have some sort of admin access.
fruitworks 1y ago
But this is a classical consensus setup where stripe has a front door to change anything about the network they want. Never trust a cryptocurrency developed by a for-profit corporation.
ab5tract 1y ago
Can you name any significant economic fallout of any kind related to this attack vector? Because I feel pretty confident that it is dwarfed by the volume of money that has been unlocked by tying crypto to ransomware.
- __MatrixMan__ 1y ago
  Enron
jamesmccann 1y ago
You can sign records in a normal database. Implement some segregation of duty and don't give your DB admins access to any signing keys.
- __MatrixMan__ 1y ago
  They can still delete records, restore from backups, etc
rank0 1y ago
Whoever controls the protocol and network nodes can indeed unilaterally alter the blockchain just like any other data structure.
- __MatrixMan__ 1y ago
  Yeah sure, if there is a single such party. I haven't looked at how stripe is implementing this, but since it's a blockchain total control is an option, not a requirement.
Marazan 1y ago
Which is by the DAO exploit on Ethereum was successful and not rolledback by the Ethereum Devs. Oh, wait... I've been handed a piece of paper...
- __MatrixMan__ 1y ago
  The protocol allowed it, there's nothing wrong with that. It's not like a DB admin just made a change without having to worry about what the rules were.
- kinakomochidayo 1y ago
  To be fair, Ethereum wasn’t rolled back like Bitcoin got rolled back in 2010. Ethereum had a surgical state change on a smart contract via hard fork that implemented that change, so it had 0 effect on other blocks.
kiitos 1y ago
you get enough voting power and you can fork any blockchain to whatever state you want, no different than an admin doing an upsert

LoganDark 1y ago

Stripe would never create a blockchain they can't control, because if it has anything to do with fiat then it's going to need to have that control. I have an extremely high suspicion they have some sort of admin access.

fruitworks 1y ago

But this is a classical consensus setup where stripe has a front door to change anything about the network they want. Never trust a cryptocurrency developed by a for-profit corporation.

ab5tract 1y ago

Can you name any significant economic fallout of any kind related to this attack vector? Because I feel pretty confident that it is dwarfed by the volume of money that has been unlocked by tying crypto to ransomware.

__MatrixMan__ 1y ago
Enron

jamesmccann 1y ago

You can sign records in a normal database. Implement some segregation of duty and don't give your DB admins access to any signing keys.

__MatrixMan__ 1y ago
They can still delete records, restore from backups, etc

rank0 1y ago

Whoever controls the protocol and network nodes can indeed unilaterally alter the blockchain just like any other data structure.

__MatrixMan__ 1y ago
Yeah sure, if there is a single such party. I haven't looked at how stripe is implementing this, but since it's a blockchain total control is an option, not a requirement.

Marazan 1y ago

Which is by the DAO exploit on Ethereum was successful and not rolledback by the Ethereum Devs. Oh, wait... I've been handed a piece of paper...

__MatrixMan__ 1y ago
The protocol allowed it, there's nothing wrong with that. It's not like a DB admin just made a change without having to worry about what the rules were.
kinakomochidayo 1y ago
To be fair, Ethereum wasn’t rolled back like Bitcoin got rolled back in 2010. Ethereum had a surgical state change on a smart contract via hard fork that implemented that change, so it had 0 effect on other blocks.

kiitos 1y ago

you get enough voting power and you can fork any blockchain to whatever state you want, no different than an admin doing an upsert