Just because each block has had gigawatts of computing power thrown at it doesn't make the block's contents correct, or 'the truth'. Case in point: every stolen bitcoin or ethereum wallet. The blockchain is storing the wrong owner of these coins. Every hack can be considered a forgery, and the miners will happily validate it.
Re:Building for the Blockchain
by tonyjstark on Tuesday January 09, 2018 @04:49PM
(#16110461)
Only if the community does not decide to fork and everyone jumps to the fork like with The DAO. Then maybe you can look up everything in the old branch of your chain but nobody cares...
If any blockchain could be regarded as the truth at any time, why bother with a blockchain at all? Just let a trusted third party run a database. Or vote on its integrity if you wish to distribute trust.
So if there's a danger of forgery, or you have an interest in security, a blockchain with proof of work provides a really trustworthy way to know you're getting authentic data, because you can look at the chain, and know things like it would cost about 100,000,000 to forge this full history, and 1,000,000 to forge to last block.