News for hackers. Stuff that matters.

A comment on AWS and Blockchain. Parent comment

Re:AWS and Blockchain by GauntletWizard on Monday November 21, 2022 @04:48PM (#33698481)
Again, that can be incredibly easily solved with signatures stored in a separate system of record - Effectively, publishing a git sha somewhere else on a regular basis. This is not a blockchain, this is a merkle tree, which is a good idea and is currently unimplemented.

The immense fraud and criminal behavior associated with the "Blockchain" ecosystem is the biggest inhibitor to actually good crypto being used for system-of-record. It sucks all the air out of the room and that's a bad thing.

[ Parent | on HN ]
Re:AWS and Blockchain by everfree on Monday November 21, 2022 @05:30PM (#33699017)
Git does not guarantee the validity of timestamps stored within it, nor does it explicitly provide a single canonical tip. Those two guarantees are what prevent history from being forged.

> The immense fraud and criminal behavior associated with the "Blockchain" ecosystem is the biggest inhibitor to actually good crypto being used for system-of-record.

You could say the same thing about internet scams in the 90s. Eventually, everyone got over themselves and picked out the good parts.

[ Parent | on HN ]