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.
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.