Re:It's Not Just a Bitcoin Bubble – It's Far Worse
by _nalply on Thursday December 07, 2017 @12:57AM
(#15867942)
The information is not guaranteed to be true, it is guaranteed not to have been adultered after the write. The blockchain by itself can't verify the information it gets. After all no blockchain robot looks at your ID card.
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Re:It's Not Just a Bitcoin Bubble – It's Far Worse
by matte_black on Thursday December 07, 2017 @01:05AM
(#15867979)
Hmm, that’s true I guess. I’m not sure how you would verify truth, but at least knowing it hasn’t been altered is halfway toward solving the problem.
Re:It's Not Just a Bitcoin Bubble – It's Far Worse
by _nalply on Sunday December 10, 2017 @10:38PM
(#15894983)
You could try to design the system that it is in the best self-interest of parties creating records to be truthful.
An example is Bitcoin. It is in your best interest not to spend too much. Spend exactly the amount required, not more, and you are done.