Re:Do kwon sent $80M a month to secret wallets?
by not2b on Thursday June 09, 2022 @06:22PM
(#31687704)
I didn't mean to imply that a blockchain is a good solution here.
And in a system where it's considered sometimes desirable to erase inconvenient history, an immutable ledger doesn't help with that.
Re:Do kwon sent $80M a month to secret wallets?
by vkou on Thursday June 09, 2022 @08:17PM
(#31688555)
The 21st century in the Western world has taught us that we don't need to physically erase inconvenient history, you just need to shout the new version of history loudly enough.
George Orwell was mistaken when he thought that anyone would care about facts, figures, and how much sugar was rationed every week. You just need to tell people that it's raining while you piss on them, and they'll believe you.
But the solution to the problem of uncooperative governors is the application of soft power (media, agitprop, appointments, rewards, threats, denunciations and disappearances, liquidation of problem people, their families, their friends, their pets, etc), not some over-engineered technological non-solution that still relies on the cooperation of all the parties in question to work.
A blockchain can't enforce that anyone actually enters data into it, or that the data that is entered isn't garbage. A snail-mail package containing data sent to Beijing has the exact same immutability property for the only party that cares about it - the national government.
Something like a blockchain is useful when peers don't trust eachother, but all care to build a shared consensus. When the peers don't care about consensus, and a central authority with the power of pit and gallows exists, none of those usecases hold.