Re:Trust in blockchain-based systems
by bawolff on Tuesday April 20, 2021 @08:44PM
(#26884011)
> Blockchains are an interesting thought exercise but ultimately achieve, literally, nothing.
You don't need to provide computational garuntees (in the sense of polynomially bound adversaries or whatever) to achieve something. Most things in the offline world don't provide these types of garuntees and still change the world.
> Certainly not in a way that's better, faster, or more efficient than a centralized store.
I personally think the bitcoin craze is silly, but how does one define "better". Certainly there are people who use it and get value from it. Who are we to say its not "better" to them.
You don't need to provide computational garuntees (in the sense of polynomially bound adversaries or whatever) to achieve something. Most things in the offline world don't provide these types of garuntees and still change the world.
> Certainly not in a way that's better, faster, or more efficient than a centralized store.
I personally think the bitcoin craze is silly, but how does one define "better". Certainly there are people who use it and get value from it. Who are we to say its not "better" to them.