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by dogma1138 3307 days ago
But again what technical (as in operational, functional etc.) benefits would a social network built on a blockchain would have vs a standard website?

Unless you'll use some sort of a thick client you would still need an application server that would take the data which I'll assume you'll store in the blockchain and present it to the user.

How would a distributed database that need to hold even 0.001% of the information stored in say Facebook be even feasible on consumer devices? Why would you want to wrap that data with expensive PoW/PoS algorithms and how would this give you any sort of control over your personal information considering it's a public (even if it's a private blockchain) database that anyone with access to it can store any copy or revision of it they would like.

I'm not trying to be coy or rude I simply do not understand the point of using a blockchain for any purpose other than finance, it gives you account consolidation, compliance, transaction and balance ledger all in one tool this is great but for anything else... I simply can't see it.