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by MuffinFlavored 625 days ago
I always had a dumb question on this.

Say I'm Walmart and I want to adopt blockchain to hold distributors accountable or whatever usecase. Why does that have to be tied to some coin / why does it have to be public?

aka... I'm sure Walmart has (many) instances of things like free-open-source software like Postgres, Redis, etc.

Why not "blockchaind"? Big companies host their own infrastructure (or use it hosted by AWS). Why do we have to buy into this proof of work, proof of stake, public, tied to NFTs and memecoins crypto-currency for blockchain?

1 comments

Why would anyone use a private blockchain instead of a regular database?
Byzantine generals not trusting each other
If your blockchain is private, you already need to approve and this trust each member.
That's why we had to bring in the Ponzinscheme Generals.
They don't have to trust each other, they just have to trust Walmart.