Look into proof of stake. Also a centralized database has many applications just as a decentralized public ledger has many applications. I wouldn’t, for example, implement liquid democracy on a centralized chain because that would invite corruption from that central entity.
I can guarantee that I know more about proof of stake than you do. It is physically impossible for a decentralized ledger to be more efficient than a centralized one.
The government ultimately decides ownership, whether that is deciding which of many decentralized ledgers tracks ownership or which of many centralized ledgers, so using a decentralized ledger is always pure waste.
I’m a dApp developer who works on DApps that run on PoS chains and I’m also a stake pool operator. 🤣🤣🤣
Did I ever assert that a decentralized solution was better for power consumption? Why would I say that? It’s not true. Decentralization adds overhead of course. I was asserting that Proof of Stake is VASTLY more energy efficient than Proof of Work.
Your whole reply seems woefully uninformed about the mechanics (or even the existence) of digital identity and how even after a centralized entity exists doing on chain verifications, those verifications can live on as long as those wallets are functioning. It’s being talked about in regards to land deeds that can survive changes in power structures and authority. Identity and possession that can survive anything (as long as earth’s electronics aren’t wiped out by a EMP from the sun).
I’m also very excited about the possibilities of homomorphic encryption when it comes to being able to operate on data that remains obfuscated. That has all kinds of applications for democracy but I digress. Subscribe to my community (https://infosec.pub/c/blockchainvoting) if you’re interested too.
I’ve been doing cryptography since 2000. I’m just not dumb enough to think that decentralized trustless ledgers have any practical use. 🤣🤣🤣
It’s not true.
I’m glad you finally came to that conclusion. This means you should use a centralized ledger, and you’ve been wasting your time. Perhaps in another few years, you’ll figure out that a centralized authority has to determine who gets a vote to cast and give up your blockchain voting pipe dream as well. 🤣🤣🤣
It’s being talked about in regards to land deeds that can survive changes in power structures and authority.
The people who talk about that are idiots. Changes in power structure and authority can say that one chain is no longer is in force, replacing it with another chain or a centralized ledger if they have any brains. 🤣🤣🥳🥳
Look into proof of stake. Also a centralized database has many applications just as a decentralized public ledger has many applications. I wouldn’t, for example, implement liquid democracy on a centralized chain because that would invite corruption from that central entity.
I can guarantee that I know more about proof of stake than you do. It is physically impossible for a decentralized ledger to be more efficient than a centralized one.
The government ultimately decides ownership, whether that is deciding which of many decentralized ledgers tracks ownership or which of many centralized ledgers, so using a decentralized ledger is always pure waste.
You know more about proof of stake than me? 🤣🤣🤣
I’m a dApp developer who works on DApps that run on PoS chains and I’m also a stake pool operator. 🤣🤣🤣
Did I ever assert that a decentralized solution was better for power consumption? Why would I say that? It’s not true. Decentralization adds overhead of course. I was asserting that Proof of Stake is VASTLY more energy efficient than Proof of Work.
Your whole reply seems woefully uninformed about the mechanics (or even the existence) of digital identity and how even after a centralized entity exists doing on chain verifications, those verifications can live on as long as those wallets are functioning. It’s being talked about in regards to land deeds that can survive changes in power structures and authority. Identity and possession that can survive anything (as long as earth’s electronics aren’t wiped out by a EMP from the sun).
I’m also very excited about the possibilities of homomorphic encryption when it comes to being able to operate on data that remains obfuscated. That has all kinds of applications for democracy but I digress. Subscribe to my community (https://infosec.pub/c/blockchainvoting) if you’re interested too.
I’ve been doing cryptography since 2000. I’m just not dumb enough to think that decentralized trustless ledgers have any practical use. 🤣🤣🤣
I’m glad you finally came to that conclusion. This means you should use a centralized ledger, and you’ve been wasting your time. Perhaps in another few years, you’ll figure out that a centralized authority has to determine who gets a vote to cast and give up your blockchain voting pipe dream as well. 🤣🤣🤣
The people who talk about that are idiots. Changes in power structure and authority can say that one chain is no longer is in force, replacing it with another chain or a centralized ledger if they have any brains. 🤣🤣🥳🥳