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by mattwilsonn888 1604 days ago
If 51% of miners could change anything everyone would be spinning up Alpine Virtual Machines with minuscule hash power. You fundamentally misunderstand how blockchain works.

Your "we" in the second example is the majority of network users - any network where that isn't true is not decentralized.

You do not know what you are talking about. The fact that grifters often don't know what they are talking about and use that to whip up positive spin on blockchain tech does not give you any good excuse to do the opposite - you are both morons.
1 comments
boopboopbadoop 1604 days ago
> Your "we" in the second example is the majority of network users - any network where that isn't true is not decentralized.

So... you’re saying it’s mutable.

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philistine 1604 days ago
You both are talking from the unsaid point of view that an immutable public ledger is a good thing. The reality of our world disagrees with your unsaid compact.

Nothing needs an immutable public ledger. Any fraud due to shipping, or banking, or taxes, is a problem of inaccurate entry of data into a ledger, not nefarious changes to what already exists.

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brian_cloutier 1604 days ago
Immutable ledgers are a godsend and are useful in many different contexts:

- https://en.wikipedia.org/wiki/Certificate_Transparency

- https://en.wikipedia.org/wiki/Lab_notebook

- https://www.newamerica.org/digital-impact-governance-initiat...

Adjustments needed for shipping, banking, or taxes are trivially accommodated; those are additional events which can be appended to the log.

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philistine 1603 days ago
None of your examples are all, at the same time, immutable, public, or ledgers. The Georgian land thingie is the most interesting, but a Georgian judge could definitely order a change in ownership due to incorrect data entered into the ledger, so it's not immutable.
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brian_cloutier 1602 days ago
> a Georgian judge could definitely order a change in ownership due to incorrect data entered into the ledger, so it's not immutable.

There seems to be a misunderstanding. The ledger is immutable. That doesn't mean the state is immutable! Immutable state is not very useful. A judge could absolutely order that the ownership of some parcel is changed, but the change will appear as a separate record and everybody will be able to see the change and nobody can credibly deny that the change happened, not even the judge.

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