• @enumerator4829@sh.itjust.works
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    75 days ago

    Distributed blockchains are useful when all of the below are fulfilled:

    • Need for distributed ledger
    • Peers are adversarial w.r.t. contents of transactions in the ledger
    • Enough peers exist so that no group can become a majority and thus assume control
    • No trusted central authority exists

    Here, we have a single peer creating entries in a ledger. We can get away with a copy of the ledger and one or more trusted timestamping authorities.

    • @Adalast@lemmy.world
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      13 days ago

      I didn’t say distributed. You are absolutely correct though. I was more observing that of all the BS tech bro babble that our Oligarch in Chief could spew into the universe, blockchain would be one that could be implemented reasonably.

        • @Adalast@lemmy.world
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          13 days ago

          There are actually other comments on this thread that provide other benefits besides trust, like modification tracing. There is more to it than just trust.

          • @enumerator4829@sh.itjust.works
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            13 days ago

            You mean a transparency log? Just sign and publish. Or if it’s confidential, have a timestamp authority sign it, but what’s the point of a confidential blockchain? Sure, we han have a string of hashes chained together á la git, but that’s just an implementation detail. Where does the trust come from, who does the audit? That’s the interesting part.

            • @Adalast@lemmy.world
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              114 hours ago

              Obviously all good questions that those much more informed should weigh in on. I know just enough about blockchain to recognize reasonable vs scam uses for, but I also know enough to not Dunning Kruger the topic.