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Re:Beyond the Bitcoin bubble by simias on Tuesday January 16, 2018 @01:17PM (#16160522)
>I predict that 10 years from now normal relational databases have infrastructure for shared, authenticated and verified rows

I'm not sure I understand what you're predicting exactly. The big breakthrough of bitcoin is having a globally shared ledger without requiring any trust. In my experience most relational databases have a relatively straightforward trust model (i.e. the DB belongs to the organization using it and is fully trusted). In these situation the blockchain is completely overkill and unnecessary as far as I can tell.

There are cases where one might want to distribute the database for redundancy or archival (like the contents of Wikipedia for instance) but in this case you trust the original issuer and you only need to be able to validate the authenticity and integrity of a copy which can be easily achieved by having Wikimedia signing a hash (or merkle tree) of the dump. All these technologies are involved in the blockchain but they're not innovations. Basically you have bitcoin minus the mining, so just a fancy linked list of SH256 hashes.

On the other hand if you have a use case where you want to arbiter a database across untrusted people then you must make mining rewarding enough that you reach a critical mass that makes attacks impractical. I can't imagine how you could do that without the "coin" part. People mine cryptocurrencies not because they want to protect it but rather because they want to make a profit out of it. Remove the mining rewards out of Bitcoin and watch as the mining power collapses to a tiny fraction of its current value. If you want to protect your distributed Wikipedia article history and there's no direct monetary reward for it I doubt you'll reach a very high hash rate which will make it relatively easy for a dedicated attacker to rewrite history.

The "coin" moniker is not just a lack of imagination by people working with this technology, it's an integral part of why it works in the first place.

Re:Beyond the Bitcoin bubble by nabla9 on Tuesday January 16, 2018 @01:46PM (#16160873)
>I'm not sure I understand what you're predicting exactly

General bookkeeping and shared transaction logs that improve trust and transparency. Improving trust don't always require massively distributed ledgers. Just sharing them with counterparty and having mutual cryptographic agreement is enough for many applications.

Re:Beyond the Bitcoin bubble by simias on Tuesday January 16, 2018 @04:34PM (#16162878)
Calling that "blockchain technology" would be pure marketing though. Bittorrent and the various linux package managers would fit your definition for instance.