Earlier quoted context omitted.
No blockchain in the world could store the hash of every post ever in a “retrievable way”. Even Elon understands this. The valid ideas that apply here are global labeling and account subkey ordering. I have never seen a solution for either that is end-to-end without a client syncing gigs of data, so various intermediaries are always trusted. In practice a federated (“permissioned” I suppose) audit log is better, chea…
> No blockchain in the world could store the hash of every post ever in a “retrievable way”. Ethereum processes about 1MM transactions per day right now; other blockchains have higher throughput. It currently manages about 100MM accounts. Sure, I suppose that might not be enough to hash and sign all blog posts ever (has anyone ever counted?) but you could timestamp a lot of them. > In practice a federated (“permissio…
What happens when a coin is no longer profitably mined, e.g. if no one wants to buy them? What happens if, one day, there is no node that feels like serving your request? The data is gone. All gone. There is no system that guarantees redundancy, just upload and pray that the economy sustains itself.
I can appreciate this is much less of a problem for the more popular chains, but in any case, there are wayyy more than 1M tweets a day.