Re:Big Banks Are All Over Blockchain
by canoebuilder on Wednesday December 27, 2017 @04:16PM
(#16018103)
I like that dichotomous approach, but are those two in balance?
What makes it more scalable than a database when a characteristic is a redundancy of copies beyond what would reasonably be needed for sufficient backup? What makes it anymore trustworthy than a database with only trusted actors authorized with write access?
The trustful, or verifiable aspects of a blockchain come as a side-effect of independent actors competing for a financial reward. How does one replicate that dynamic in a single organization? Why would one bother trying?
a number of benefits over a traditional database
A blockchain doesn't provide a number of benefits over a traditional database.
A database isn't even a particularly fine-grained description of a blockchain.
A blockchain is a key component of an experimental currency inspired by a particular political ideology that is at odds with many aspects of western civilization, such as the benefit of trust in a society.
It's not really useful insofar as most people can tell in any other contexts. Even it's usefulness in it's native context is not highly established.
What makes it more scalable than a database when a characteristic is a redundancy of copies beyond what would reasonably be needed for sufficient backup? What makes it anymore trustworthy than a database with only trusted actors authorized with write access?
The trustful, or verifiable aspects of a blockchain come as a side-effect of independent actors competing for a financial reward. How does one replicate that dynamic in a single organization? Why would one bother trying?
a number of benefits over a traditional database
A blockchain doesn't provide a number of benefits over a traditional database.
A database isn't even a particularly fine-grained description of a blockchain.
A blockchain is a key component of an experimental currency inspired by a particular political ideology that is at odds with many aspects of western civilization, such as the benefit of trust in a society.
It's not really useful insofar as most people can tell in any other contexts. Even it's usefulness in it's native context is not highly established.