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by alistproducer2
3152 days ago
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I would say anything that can be done by a centralized entity that doesn't benefit from adding censorship resistance. The main reason blockchains need complicated and, in many cases, wasteful consensus algos is because they were first designed to promote open membership to the network. This meant that you had to design a system that allowed strange machines to work together while no entity trusting any other to not cheat it. Open membership means that the ledger can not be effectively censored, and by extension, neither could one's wealth. Outside of that use case (censorship resistance), very few things benefit from transitioning from central authority to blockchains. I didn't cover the case of smart contracts, but it's essentially the same thing. |
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Ok, and what concrete, real examples does not benefit from that?