this post was submitted on 29 Aug 2023
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Technology
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I don't think you get it. With a distributed ledger your username could be unique. sorta like the digital art pieces. So if your instance goes down you register at another one with your token and it recognizes you and associates you with everything it conceivably can (some stuff may only have been saved on the instance which is gone). So if the new instance has magazines you interacted with it should still be able to see comments as yours and such.
Buddy wait until you hear about pgp keys or identity keys in general. No ponzi scheme and tree burning required!
Again, there's always a solution that's better and doesn't need the blockchain. Blockchain is literally never the answer unless you're trying to kill the environment and scam others all in one go.
tree burning is bitcoin specific implementation. distributed ledger does not rely on processing power being wasted for no good reason. Believe me I don't like bitcoin or its ilk but am fine with grid coin for example. pgp keys are for authentication and don't store information. distributed ledger is not for authentication its for just like it sounds. keeping a ledger.