|
|
|
|
|
by root_axis
2714 days ago
|
|
I'm just going to ignore all the ad-hominem comments about my "strain of thought" and your perception of my feelings towards cryptocurrency. Lets stick to the topic at hand. Pulling this quote directly from the page you linked: > This technology offers unprecedented levels of transparency and trust allowing public records to be searched, verified and audited at a level the world hasn’t seen before. This is just false. What was not possible before? The page has no details just breathless hype that is typical of cryptocurrency related projects. Please offer up an explanation of how blockchain enables "public records to be searched, verified and audited at a level the world hasn’t seen before" |
|
> This is just false. What was not possible before? The page has no details just breathless hype that is typical of cryptocurrency related projects. Please offer up an explanation of how blockchain enables "public records to be searched, verified and audited at a level the world hasn’t seen before"
You haven't explained how it's false.
It makes the public records easier to access than they previously were, and immutable. Once published, the council nor any new government can wipe the records for any reason without either a concerted effort to attack the public chain and cause a fork that becomes mainstream, or otherwise attempt to eradicate the network entirely. There is much less gatekeeping now than there previously. One doesn't have to be technical, nor do much searching to find these records. (They actually came in handy somewhat recently in discussions about TunnelBear and their funding ploys) And as mentioned, it's an experiment. The experiment is part of the Open Government project aimed at increasing transparency to the public.