News for hackers. Stuff that matters.
Re:Beyond Bitcoin – Part II: Blockchain-based systems withou... by aeijdenberg on Tuesday August 09, 2016 @04:54PM (#12257640)
If you accept that for many uses of publicly verifiable data structures that centralization is actually OK (and actually often a good thing, as it matches well how most democratic societies function), then there are other simpler alternatives to proof-of-work that still give many of the same benefits.

See for examples the append-only logs used in Certificate Transparency (https://www.certificate-transparency.org), and a more generalized hosted form provided by Continusec (https://www.continusec.com) that builds on the same principles. (disclaimer: founder of Continusec)

Re:Beyond Bitcoin – Part II: Blockchain-based systems withou... by runeks on Wednesday August 10, 2016 @02:04AM (#12259789)
The difference is that this data structure defines who's rich and who isn't (literally). There is a whole lot more incentive to tamper with such a data structure than basically any other data structure in existence.