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by CRConrad
1619 days ago
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How many votes does it take to appoint a notary? If one or a few, I can set up a corrupt notary (or several) to notarize my fake deal with you. If many, I can't get rid of the corrupt notary (or notaries) you have set up to notarize your fake deal with me. Is either of these particularly great? |
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I claim that blockchain solves Byzantine generals problem (BGP) in a scalable way and no other such solution exists. I also claim that this very problem (BGP) is being solved right now in multiple instances by using a trusted middleman, usually appointed, controlled and often funded by the government. I also claim that maintaining trust is not free and often paid from tax money (as in DVLA example). And my last claim that partial or full automation of a middleman function with blockchain is cheaper than running it traditional way (considering all costs involved).
Potentially unexpected corollary from the first and second claims - a software without blockchain cannot automate a trusted middleman function because of trust issues.
Feel free to attack any of the claims.