Memes

45745 readers

1306 users here now

Rules:

Be civil and nice.
Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago

MODERATORS

[email protected]

1867

Blockchain: the wave of the future (lemmy.world)

submitted 9 months ago by [email protected] to c/[email protected]

358 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 14 points 9 months ago* (last edited 9 months ago)

A plain old database also has ways of dealing with theft.

If someone steals your crypto keys and sends your assets to themselves, they have no legal ownership over those assets but they're listed as the owner in the blockchain, so blockchain isn't even any good at being an accurate, verifiable record of ownership.

Yes, you can't make changes to the blockchain, but that also means you can never fix anything. So you actually can't rely on the blockchain to be accurate.