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by leppr
2313 days ago
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> There is a difference between deciding all transactions will be published and making them public by design constraint. In a "blockchain" with a centralized validator set, there's no constraint forcing transactions to be public. The network will keep running even if the validators decide to stop publishing transactions. It's very much still a social contract. Tampering (adding false transactions) is the only thing that could be hampered thanks to the requirement of client signatures: transaction/partial information censoring will still be possible. But in reality such a system will have the design constraint that funds must be seizable by the government, which in turn negates the only remaining technical advantage of a "centralized blockchain". All that's left is the now empty word "blockchain". It's going to fit perfectly next to "democracy". |
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