Ethereum Is a Dark Forest

Re:Ethereum Is a Dark Forest by sneak on Friday August 28, 2020 @09:53PM (#24312604)

This is an artifact of insecure communications systems and poor operational security. Making people shuffle physical paper around, especially considering things like pandemics and climate change, is a temporary workaround, not a long-term solution.

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Re:Ethereum Is a Dark Forest by tsimionescu on Saturday August 29, 2020 @03:30AM (#24314390)

I think the most important point is that it's slow, it involves many people, and leaves a physical trail. These are all advantages for any kind of ability to prevent or recover from fraud or simple mistakes.

Perhaps you can build a similar electronic system, but if one of the purposes is to make it slow and make it involve lots of manual confirmations, is there really a purpose to it? It's going to be much more complex than the paper system (replacing physical properties like uniqueness with brittle/complex cryptographic versions). Complexity always begets bugs.

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Re:Ethereum Is a Dark Forest by hibbelig on Saturday August 29, 2020 @09:55AM (#24316116)

Given that it had been working this way for hundreds of years, how is it temporary?

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Re:Ethereum Is a Dark Forest by sneak on Saturday August 29, 2020 @10:14AM (#24316246)

I imagine, barring an extinction event, that humans will be using digital communications systems and cryptography for many tens of thousands of years.

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