this post was submitted on 02 Feb 2024
1873 points (96.5% liked)

Memes

45727 readers
1078 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml
1873
Blockchain: the wave of the future (lemmy.world)
submitted 9 months ago by themaninblack@lemmy.world to c/memes@lemmy.ml
343 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] zurohki@aussie.zone 14 points 9 months ago* (last edited 9 months ago)

A plain old database also has ways of dealing with theft.

If someone steals your crypto keys and sends your assets to themselves, they have no legal ownership over those assets but they're listed as the owner in the blockchain, so blockchain isn't even any good at being an accurate, verifiable record of ownership.

Yes, you can't make changes to the blockchain, but that also means you can never fix anything. So you actually can't rely on the blockchain to be accurate.