Hello,
I have been researching about blockchains and stuff and it all seems like a big scam. It’s not sustainable and can be replaced by a simple database.
is there any legitimate use cases of blockchains or it is all just a big scam?
Hello,
I have been researching about blockchains and stuff and it all seems like a big scam. It’s not sustainable and can be replaced by a simple database.
is there any legitimate use cases of blockchains or it is all just a big scam?
Any application where you want to record something publicly without the possibility to alter it and in absence of a central authority.
A database requires a central authority so it doesn’t cover the same use cases.
Good summary, a few additions from my side:
I would argue against blockchains being a database… its more of a ‘signed sequential log’ than a database.
Well, Wikipedia describes it sufficiently vague: “a database is an organized collection of data”. But is a linked list on its own a database? I’d say the blockchain itself is the data structure but any software using it is most likely a database.
Could this be a true voting record? Votes would be transparent, but as you say, unalterable.
If the political vote is public, voters are exposed to blackmail or they may sell their vote. It’s a bad idea unfortunately.
There is a project called MACI that prevents the blackmail part
https://xkcd.com/2030/
I appreciate that when you find a relevant xkcd, the explainxkcd page also has relevant information to the discussion:
https://www.explainxkcd.com/wiki/index.php?title=2030%3A_Voting_Software
Whereas voting with a piece of paper can be tracked and validated by a severely myopic 6 year old. And you can recount it. You can’t “recount” a blockchain if that’s your only source.
And if you do both, then why bother with the blockhain?
What are you trying to say here?
If each vote is a block in the chain them it is definitely recountable.
If I get a reciept of my vote’s hash in the chain, I can confirm it’s being included.
The real issue with using a blockchain is it would anonymize the process.
That’s not what it means. With this system, you can’t independently verify what happened. You can only also look at the blockchain and see that some hash has registered some vote.
But you don’t know if that is actually true. You can’t see if pushing the red button makes the red vote come out. You can manually count if you want, but the original billet doesn’t exist, only a processed form of it on the blockchain.
Only THAT it’s included. Otherwise you have something linking you to your vote, which is bad
That was… Very well said
this was a no nonsense answer, unlike the others discussing Cryptocurrency ;~;