Re:Microsoft is shutting down its Azure Blockchain Service
by htrp on Thursday May 13, 2021 @03:26PM
(#27146258)
A "signed paper document" or a "treaty" is also meaningless without robust enforcement mechanisms.... or the instant it's in either side's interest to ignore.
Re:Microsoft is shutting down its Azure Blockchain Service
by SideburnsOfDoom on Thursday May 13, 2021 @03:34PM
(#27146334)
That goes double for blockchains.
Re:Microsoft is shutting down its Azure Blockchain Service
by tnzm on Saturday May 15, 2021 @05:47PM
(#27169326)
The keyword here is consensus. Using an append-only distributed public ledger to record your governance decisions (and be held accountable for them) is a lot like using a memory-safe language when programming. It induces non-negligible overhead, but prevents entire classes of opportunities for abuse.
The whole "blockchain-backed international treaty" example is admittedly a bit contrived though. It's kind of a "horseless carriage" thing - trying to explain to @markwkw that no "blockchain payments" would be necessary, by expanding on their mental model. (Maybe that's an unwise strategy, and I need to start just rudely dismissing people instead, but I'm not sure how that would help with comprehension)
You can do this with paper. Signed paper documents. You have invented the "treaty". It has been a thing for centuries.