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by sandworm101
2844 days ago
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Blockchains can be run without incentives. They can be run internally by a large organization. Take the US military. I could see each service running a server to verify changes to a ledger of national orders. An effort to change the ledger would be possible but very difficult, demanding cross-branch conspiracy. Such a scheme could exist without incentives. |
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Blockchains can function when each participant running a node is incentivized to be honest. The incentive could be that they are a known party in a business consortium and if caught colluding with other members, it would be trvivial to prove during a lawsuit.