Re:Introducing A16Z Crypto
by seibelj on Monday June 25, 2018 @08:01PM
(#17396899)
The blockchain makes it extraordinarily difficult to tamper with post facto. As the ledger is distributed with multiple parties and each block is hashed, itβs exponentially difficult to change later. This means that no centralized entity can cook the books if a situation arises.
[ Parent
| on HN ]
Re:Introducing A16Z Crypto
by optimuspaul on Monday June 25, 2018 @09:57PM
(#17397346)
But that's the point blockchain is missing. You don't need to tamper with the data in the ledger because there is no way to put a carrot in it, how would you prove that the carrot in the juice is the same carrot picked? Technology isn't going to solve for that without some magical way to identity specific carrots (or beef, or whatever) that have been transformed into something else... or even just from another carrot in the next box. Blockchain is interesting but trust is still required in the system, and in many cases it is in fact blind trust.