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by mupuff1234 1614 days ago
It's gonna be hard to deprecate a public blockchain, but if someone can do it it's Google!
4 comments

And just before, they will try to inject ads in the blockchain.
"You must watch this ad to recieve your block reward or send a transaction"
And do three captchas to view your wallet.
"Mining" this Google blockchain would be offices full of people solving captchas all day long.
Nah, they'll make a hybrid of captcha and ads so that they can get companies to pay them for the captcha content.
It's extremely simple if no one uses it!
Blockchains are inefficient always-on distributed systems. If people stop paying to run all of that infrastructure, it's effectively dead even if someone else did make a copy unless they can afford to run a scaled down version — and with little demand, the ceiling for that is quite low.
You don't need much infra because of how difficulty adjustments work... consistently less hashpower -> it becomes easier to mine
You’re still talking a networked system which needs to be internet-accessible. Servers, bandwidth, storage, and operators are not free and that means someone has to see some value to running them.
The point is that the rewards are elastic. If less people run them, rewards increase, so more people run them again. Obviously the currency rewards are denominated in could hit $0, but that doesn't seem likely to most people at this point.
That's a distraction from the real problem: what value does someone get for keeping a blockchain running? If the founders of the project have walked away from it, how many volunteers are going to care to support an orphaned system at all rather than putting their resources into something they can get paid more for?

The usual answer would be to keep a pet project alive but that runs into the realities of blockchains: the technology is inefficient by design and that means that most of the real work and data happens off chain. Having a copy of the chain itself is likely of minimal value if the company hosting referenced data stops paying those bills, an oracle is no longer available, the client application stops being developed or is not released by its owner, etc.

This means that you can't say anything about the long-term survivability of the chain itself without saying what it's used for because that'll tell you both how many people care about it at all and how committed they'll be to continuing to maintain the chain and its clients.

Do you mean people running the infrastructure? Or developing the software? We don't have to speculate on either. The infrastructure / nodes are paid for by some combination of inflation (block rewards) and transaction fees, depending on the network. The software is pretty similar to any other open source software. There are open source devs who will contribute for free, companies who will give grants for features they have a vested interest in (or will pay their own engineers to develop them directly), and organizations with funding to pay engineers.

Again, we don't have to speculate. We don't even know who the founder of Bitcoin is and it's still under active development.

In case you're interested, the mailing list is a great way to see what's happening in Bitcoin development: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/

For Ethereum: https://ethereum-magicians.org/