Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by ForHackernews on Tuesday December 22, 2020 @10:32AM
(#25507163)
It's worth highlighting that there are distributed databases that meet all those criteria except "incorruptibility in terms of maximum supply". You're right to point out that there are a few very specific use cases that a distributed blockchain with multiple independently-owned verification nodes will satisfy and other more performant databases will not. Whether that makes them "valuable" like gold is left as an exercise for the reader.
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Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by ric2b on Tuesday December 22, 2020 @01:00PM
(#25509147)
Distributed is not the same as decentralized.
A decentralized system is a distributed system that still works _when nodes are owned by multiple different (even competing/malicious) parties_.
Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by fastball on Tuesday December 22, 2020 @03:08PM
(#25510581)
Exactly. In other words, a "trustless" system.
See the Byzantine Generals Problem[1].
Re:Cryptocurrency company Ripple says SEC lawsuit is imminent
by ForHackernews on Wednesday December 23, 2020 @08:21AM
(#25517320)
yes, yes, I said that already: "...multiple independently-owned verification nodes..."