Re:Blockchains are the new Linux, not the new Internet
by danmaz74 on Sunday May 28, 2017 @06:34PM
(#14436389)
Thanks for the link - but honestly, I didn't see any compelling use case listed there.
Re:Blockchains are the new Linux, not the new Internet
by TheDong on Sunday May 28, 2017 @05:51PM
(#14436233)
git is a distributed ledger with safety and auditing built in just as much as a blockchain is, if not more.
The bitcoin codebase doesn't provide anything as good as you describe.
For example, let's say you wanted to find, in the ledger's history, a transfer of $20 from $a to $b. With bitcoin, that requires writing custom software. Git has built in tools to find changes with certain contents, signed by certain keys, etc.
If you want to argue about what has more mature tooling for the banking usecase, you'll find that literally anything that isn't a blockchain, be it git or a sql database, has more mature auditing tooling.
It would be useful beyond some custom git-based solution because if what you want is just a distributed ledger with safety & auditing built-in you can get that off the shelf by leveraging e.g. the Bitcoin codebase. If you're doing that with Git you need to write a bunch of custom software around it to arrive at the same result.