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Cake day: July 31st, 2023

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  • paholg@lemm.eetoLemmy Shitpost@lemmy.worldPlease Stop
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    10 months ago

    The only selling point of blockchain is that it’s trustless. This becomes a less-useful property when it comes to things in the real world, as you tend to need to trust at least one party.

    For example, anything they achieved there with blockchain, they could have achieved with a simple government-run web service and a traditional database.


  • paholg@lemm.eetoLemmy Shitpost@lemmy.worldPlease Stop
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    10 months ago

    That is not a use for blockchain.

    Say I want to say that I created an image. I could post that image’s hash to a block chain, and point to it as something anyone can check.

    But you already have to trust me for that to be valuable. So I can just host that hash in any of a myriad of conventional methods that are simpler, more performant, and less wasteful.