this post was submitted on 02 Feb 2024
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Crypto =/= blockchain.
If you can't see the utility of blockchain with regards to things like actual, verifiable digital ownership, then I don't know what to tell you.
Digital ownership on one (1) blockchain. Not really that great when you put it like that. What makes one Blockchain more authoritative than another? Even in a closed system, if you think the admins of these chains don't keep a kill switch in their back pocket specifically for their advantage in ownership conflicts then you should probably read about Ethereum Classic. Even if they don't want to hard fork, if a chain is controlled entirely by a company, then they can edit it however they want regardless since it's not really decentralized. The idea that Blockchains will empower the customer with digital ownership is silly to me.
Is a chain is controlled by a single entity then it’s not a blockchain, it’s a linked list with extra steps.
The whole point of a blockchain is that it’s independently verifiable/validated by all its users. Anything else is a literal scam.
Well, a blockchain is a linked list with extra steps. Only having 1 entity just means it is centralized, not decentralized.
You've almost put all the pieces together. A decentralised linked list is ... ? oh wait
A decentrailized linked list.
You were supposed to have the eureka moment where you realise that's not a thing, oh well.