Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

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The Australian Securities Exchange CHESS blockchain: seven years of sunk cost fallacy (davidgerard.co.uk)

submitted 5 months ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 5 months ago (1 children)

In enterprise computing, “smart contracts” are called “database triggers” or “stored procedures.” They’re a nightmare, because they’re very hard to reason about or maintain, and they’re prone to unexpected and spooky effects.

It occurs to me that the situation's even more dire than this single-node description. If everything's in one database, then yes, a smart contract is effectively a stored procedure. But it can be worse! Imagine e.g. an MMORPG where city centers or dungeons are disconnected from the regional map to prevent overload. A smart contract might need to synchronize data between two databases, e.g. a dungeon and a surrounding region, to maintain correctness.

[–] [email protected] 7 points 5 months ago

yeah, i'm talking about the general case of not separating the code from the data