this post was submitted on 04 Sep 2023
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chapotraphouse
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The real kicker is that there are plenty of good theoretical applications for blockchain technology and all we get are shitty investment commodities and grifts
The technology never gets employed to a productive end because the entrepreneurs are in charge of deploying it
This is not true. Distributed ledgers allow for consensus without trust. That is it. Every other application of them is just a slower database. So pretty much all they are good for is digital money, but digital money with a hard throughput limit and no backing from any government. The rush to use them for anything and everything violates the most basic principles of good computer engineering, and there's a very good reason no one has created anything worthwhile with them besides money that can be used for crime.
gitis a blockchain without a consensus model. Once you remove the artificial scarcity component of blockchains the are extremely useful.a blockchain without a consensus model is just a linked list
Distributed Merkel trees aren't linked lists.
no but they are also a data structure that has been around since the 80s
Eh. Blockchains and git both use merckle trees, but boats and cars both have engines.
Distributed Merkel trees are blockchains. Git is distributed. Git commits are blocks.