Re:There's No Good Reason to Trust Blockchain Technology (2019)
by Droobfest on Monday August 17, 2020 @08:14AM
(#24186462)
No one ever seems to address the fact that Blockchain still doesn't magically provide trust at all. It still needs people to participate for that and provide their resources (miners).
And for people to participate they need some incentive or reward. So how do you ever motivate enough people to participate in your distributed ledger?
You can give them blockchain tokens of course, but now you've created a new currency again with all its associated problems. Hardly a solution for your original problem of low trust.
And for people to participate they need some incentive or reward. So how do you ever motivate enough people to participate in your distributed ledger?
You can give them blockchain tokens of course, but now you've created a new currency again with all its associated problems. Hardly a solution for your original problem of low trust.