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by mjburgess 1164 days ago
What aspect of blockchain is decentralised?

Why is that aspect desirable?

It's not the compute, which is abitarily centralised. It's not the code. It's not the interpretation of the data. It's the consensus of which dataset is the valid one. That "consensus" is dependent on the nodes which form it being honest and not being outspent.

That's kinda insane right? Why make which version of a dataset is the right one dependent on adversarial peers with malign economic incentives?

Oh right, because you're trying to brute force your way to an alternative economic system. That's the only use case of this mixture of technological absurdities -- and it's a dumb one which will disappear on contact with regulatory oversight.

Blockchains distributed consensus model *is* based on contingent economic incentives. This isnt a "technology" is a peer-to-peer data validation network which works only insofar as it can bribe its participants.