this post was submitted on 15 Apr 2025
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I'm trimming this a little bit so that I don't have to repeat myself that much.
No, I've just watched marketing making unfounded promises long enough. Unfortunately, not a new problem in the software sector.
Like I said, blockchain proponents have way too many hand-waving hype salesmen and not enough people who think of the problems comprehensively.
Good for you. A lot of businesses use Excel as a tool that is part of the business process. Maybe I'm using it wrong, I just get an empty worksheet when I start it up. It doesn't actually solve my problems unless I actually interact with it.
Also compatible with everything else. So as we've seen in this discussion, it's not inherently a blockchain advantage and blockchain doesn't help or hinder this any way.
You're reciting that like some kind of religious history, St. Satoshi's Idea That Changed The World As We Knew It.
While in the actual reality, invention of blockchain was little more than an interesting chapter in the big history book of cryptography.
And were use in decades. Much like individual cryptographic concepts. This is all evolutionary leaps, not revolutions.
But company employees sanity checking the business data is also separate from the underlying data. They can hire independent auditors if something really fishy is going on. What are you getting at?
And as we've seen from history, reputation doesn't matter when there's enough money on the line. As we have seen from cryptocurrencies, people are perfectly willing to sacrifice their integrity and abscond with ridiculous amounts of money.
Incidentally, same goes with the technical solutions. Need I remind you what happened with The DAO and Ethereum in 2016? Someone messed with the blockchain, so the blockchain developers messed people back?
But smart contracts are just software (running on mining nodes) operating on data (in the blockchain). How do you control the access to the data?
And can't this be implemented more efficiently on centralised services anyway?
So why set up access control then? If you don't care about who is interacting with the system, why have access control? If you actually do care who has access to the information after all, how do you do that without authenticating?
And in what sense is this different from traditional publishing systems? If the information is available publicly, then it doesn't matter to the publisher who is accessing it?
But how do you limit the information to a subset of users without authentication? If their identities are not verified, how do you know how to limit that information to that set of users?
How do you create an "user group" without specifying who the users in the group are?
...If the users in fact do have keys, then that's just access control and user identities, isn't it? You can't issue people keys without knowing who they are, right? Otherwise it's no different from information being available in public, because then the keys can only guard the integrity. You've invented TLS from ground up. (Blockchain proponents reinventing old cryptography concepts and calling it a blockchain revolution really isn't surprising.)
Nothing stops people from using private keys and hashed data on non-blockchain systems. That's just bog standard identity management. So this isn't a specific blockchain solution, which was what I was asking about.
Smart contracts are just software that have distributed execution on the mining nodes. They don't inherently implement access control any better than software that is run on the servers elsewhere.
Oh wow, a cryptographic concept from 1988.
Anyway, that's not what I asked for. I asked for concrete examples of a system in use. Is this actually in use anywhere in a blockchain system? How does it work in practice? I'm genuinely curious.
Yes, exactly! Except less efficient, like I said.
Dunno, modern distributed database folks spend quite a lot of time thinking about ensuring consistency and working on efficiency. So do people who build centralised databases, but hey.
I'm don't follow, sorry. Are the hard forks not a big problem and you can easily choose which fork to support, or is doing so in fact prohibitively expensive to do?
Because as far as I can remember from cryptocurrency scene the former was certainly true, people were more than willing to settle on opposing camps over ideology. Would be a shame if that happened on a super serious business-application blockchain over some departmental or organisational kerfuffle.
You know what, we're going in circles. I try to get to the bottom of why something blockchain related can't be done with traditional systems, you respond with another buzzword that's still nothing that can't be done in traditional systems, and the cycle continues. It's mildly frustrating.
I guess the only way to do this is to wait until this is actually implemented somewhere and then compare how these supposed advantages actually pan out in practice. I expect costly mistakes in that field, but at least they'll be costly mistakes other companies can learn from and avoid.
Oh, you're so close. People have been building these kind of systems successfully for decades. Now blockchain proponents are showing up and saying "hey, we have a new solution", and it turns out it's just the old solution again.
Your problem is that you think you have something new here. It's not. Blockchain is just a slow distributed database. It's one solution for a specific niche use case most systems designers don't run into, and if they do, they have other solutions that almost certainly work better depending on what they want to accomplish.
There's nothing "natural" about ending up with a blockchain. All you can argue is that it's natural to end up using cryptographic tools. Because they're tried and true solutions with decades of work based on them, just like all other business system blocks used in traditional systems. They're not manifestations of divine ideals whose time has finally come, or somesuch.
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