> But the Eth folk managed to get proof-of-stake to work at scale; good on ’em. That’s a bit charitable IMO. It works with at least two major caveats: 1. You can’t unstake staked ETH. (This seems to have all manner of strange effects.). Fixing this is apparently a big deal, and, if nothing else, could enable attacks in which one unstakes and then uses knowledge of old staked private keys to attack other parties. 2. I…
AWS and Blockchain
81–90 of 724 posts
Re: AWS and Blockchain
#82Earlier quoted context omitted.
Pornhub was cut off for failing to police child pornography. Why would you want to participate in a financial system that was incapable of excluding evildoers?
why would you want to participate in an internet that is incapable of excluding evildoers?
But good point, with cryptocurrency the internet would obviously have to become capable of excluding evildoers.
Re: AWS and Blockchain
#83Unrelated, but > Which was pretty nice, except for it was stinking hot that August and we were on multiple steamy subway trips every day; got back to our hotel rooms pretty well emptied out. Upper level amazon engineers can’t take ubers through new york?
Re: AWS and Blockchain
#84Earlier quoted context omitted.
The technology here is the least of that small shareholder's problems. To register that land, they need to convince a corruptible human to accept their application, get another corruptible human to enter the data correctly in the database and get a third corruptible human to give them an authentic certificate proving that their land holding has been registered. You can already see three points where this can be trivi…
> Finally and most fundamentally, a land registry is by nature a centralized registry of holdings with a legal monopoly. Why on earth would you need to use a blockchain here, when an append-only database does the same job? Records within an append-only database running on a central server can be altered or deleted by whomever has the root password to that server. The only way to guard against that risk is to replicat…
nothing you’ve described here requires the decentralized parts of a blockchain. there exist centralized databases that have all of these properties, and people have mentioned them in the comments.
Re: AWS and Blockchain
#85Earlier quoted context omitted.
That should be dealt with by the justice system, not some corporations.
Payment processors saw the writing on the wall. The reason they did what they did and PH made a 180 and disposed of incriminating content all in one month is because justice system has teeth and they did not want to find themselves liable. And justice system has teeth because PH is a proper company participating in a financial system. Good luck stopping a criminal in another country profiting from crime by accepting…
No other position is cohesive.
Re: AWS and Blockchain
#86For whatever reason, SMS operators in India rely on blockchain to validate SMS templates and customer’s do-not-disturb settings. For a sense of scale, SMS is a 12.5 billion dollar business in India.
Do you have a link to more information about this? EDIT: So doing some googling finds that Telecom Regulatory Authority of India implemented “Distributed Ledger Technology” for fighting spam, but roll-out seems to have lasted not long (a week? A month?) because it didn’t work (didn’t scale?) and every so often tech vendors suggest they’re going to re-do it? Honestly there’s a lot of promo articles and conflicting inf…
Re: AWS and Blockchain
#87Unrelated, but > Which was pretty nice, except for it was stinking hot that August and we were on multiple steamy subway trips every day; got back to our hotel rooms pretty well emptied out. Upper level amazon engineers can’t take ubers through new york?
I'm not claiming with certainty that that is the case here, but I know it is for some people.
Also, subways/trains are quicker for some routes, YMMV
Re: AWS and Blockchain
#88Earlier quoted context omitted.
That's not the full story, certificate transparency logs (and many other applications) achieve that without using a blockchain.
This is true as long as you trust the issuer of the transparency log to not go back and re-write the history of the log. That's a trust assumption that most folks are fine with, but it should be explicitly be understood to be there. A blockchain takes that trust assumption and spreads it out amongst the social consensus of the chain, so re-witing of history could only occur if there is a consensus to do so.
Re: AWS and Blockchain
#89Earlier quoted context omitted.
Payment processors saw the writing on the wall. The reason they did what they did and PH made a 180 and disposed of incriminating content all in one month is because justice system has teeth and they did not want to find themselves liable. And justice system has teeth because PH is a proper company participating in a financial system. Good luck stopping a criminal in another country profiting from crime by accepting…
There is no reason for payment processors to be liable. If you have a problem with Bitcoin, you need to support a general, unrestricted right be all persons and orgs to be served by the financial system, except maybe for a narrow and limited set of injunctions through the courts. No other position is cohesive.
If you do not do evil, then you have nothing to fear. If you have something to fear despite doing no evil, let's fix the government. This is a human problem and won't be solved with tech.
(And again, it was pretty clear to anyone that there was wrongdoing in this case and PH was going to get sued. I do think it should have been sued anyway, that it was not may have to do with victims not willing to come forward given sensitive nature of the crime, general disinclination of people to deal with dirt, or a good content cleanup job.)
Re: AWS and Blockchain
#90There’s nothing new here. No, a blockchain isn’t a good replacement for a traditional database. It’s a distributed append only database built on zero trust. It’s extremely inefficient. Very few problems require that solution, especially one where a single party would be running all the nodes.