Row 86536

Row ID: 86536 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 86536 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

> It's better at keeping any immutable record.

Not by any meaningful metric. A log file with cryptographic signing that is posted to multiple places is probably more reliable, and it doesn't help money launderers and human traffickers.

>Every other technology requires a trusted custodian.

This is another myth, that blockchain doesn't require middlemen and trust. in fact, quite the contrary. Instead of known middlemen that can be held accountable (such as centralized authorities, government and well-regulated corporations) you guys instead replace them with random, anonymous people and coders who are under no obligation whatsoever to be moral or ethical - they're exclusively motivated by their own selfish material interests. I'd say believing the latter group is more reliable requires tremendously more trust.

>Do you want irrefutable proof that a photo or video existed at a specific time and have been manipulated since?

Look up, "The Oracle Problem." Blockchain is only as reliable as the humans who submit data onto that system. Blockchain itself isn't the mechanism of trust.

This is a great example of how you've fabricated a problem you claim blockchain solves (somebody modifying data after it's been written to a database) which is not a problem anybody ever actually deals with. If you have trusted Oracles, then the method of data storage is irrelevant.

>Blockchain does immutability better than any other technology in existence.

No it doesn't. it's slower and more resource intensive than thousands of older, better technology that can do the same thing.

And the big problem with blockchain is: *tokenization*. Your desire to decentralize the database means that the database is only as dependable as the solid value of the tokens around which its ecosystem depends. So if ETH or BTC at any point in the future, no longer becomes desirable and stops going up in price (which is a mathematical **inevitability**) then there's no longer much motivation to operate the blockchain, then **your "world's best immutable database" ceases to exist.**

FieldValue
text > It's better at keeping any immutable record. Not by any meaningful metric. A log file with cryptographic signing that is posted to multiple places is probably more reliable, and it doesn't help money launderers and human traffickers. >Every other technology requires a trusted custodian. This is another myth, that blockchain doesn't require middlemen and trust. in fact, quite the contrary. Instead of known middlemen that can be held accountable (such as centralized authorities, government…
label r/ethereum
dataType comment
communityName r/ethereum
datetime 2024-05-24
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Raw Record

{
  "text": "> It's better at keeping any immutable record.\n\nNot by any meaningful metric.  A log file with cryptographic signing that is posted to multiple places is probably more reliable, and it doesn't help money launderers and human traffickers.\n\n>Every other technology requires a trusted custodian.\n\nThis is another myth, that blockchain doesn't require middlemen and trust.  in fact, quite the contrary.  Instead of known middlemen that can be held accountable (such as centralized authorities, government and well-regulated corporations) you guys instead replace them with random, anonymous people and coders who are under no obligation whatsoever to be moral or ethical - they're exclusively motivated by their own selfish material interests.  I'd say believing the latter group is more reliable requires tremendously more trust.\n\n>Do you want irrefutable proof that a photo or video existed at a specific time and have been manipulated since? \n\nLook up, \"The Oracle Problem.\"   Blockchain is only as reliable as the humans who submit data onto that system.  Blockchain itself isn't the mechanism of trust.\n\nThis is a great example of how you've fabricated a problem you claim blockchain solves (somebody modifying data after it's been written to a database) which is not a problem anybody ever actually deals with.  If you have trusted Oracles, then the method of data storage is irrelevant.\n\n>Blockchain does immutability better than any other technology in existence.\n\nNo it doesn't.  it's slower and more resource intensive than thousands of older, better technology that can do the same thing.\n\nAnd the big problem with blockchain is: *tokenization*.   Your desire to decentralize the database means that the database is only as dependable as the solid value of the tokens around which its ecosystem depends.  So if ETH or BTC at any point in the future, no longer becomes desirable and stops going up in price (which is a mathematical **inevitability**) then there's no longer much motivation to operate the blockchain, then **your \"world's best immutable database\" ceases to exist.**",
  "label": "r/ethereum",
  "dataType": "comment",
  "communityName": "r/ethereum",
  "datetime": "2024-05-24",
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}
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