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Please Stop
(jlai.lu)
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this post was submitted on 09 Mar 2024
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You can implement public or semi public ledgers without Blockchain. That's what banks are doing already by sending huge CSV files internally and externally. Blockchain is not a technology of zero trust. It's close to the opposite. You trust a few peers and blindly trust everyone they trust. That way you trust a network that you know nothing about and if the network decides on a common truth that you are convinced is incorrect, there is nothing you can do about it. The consensus always wins and there is no single entity to complain to and get it fixed. This is great for making sure that many actors need to be bad actors in order to have the whole system fail. It's bad if you don't trust anyone and want to make sure that your standards are always observed. From a technology standpoint I love the concept of Blockchain. But use cases that are not forced are few and far apart. Too few for the amount of hype it receives.