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[–] -1 points 1 day ago* (last edited 1 day ago) (3 children)

The problem with blockchain is that everything you can do with it can also be done with a good database. In the case of crypto, it also means that you have to download THE ENTIRE THING SINCE IT STARTED if you want to run a full node capable of validating transactions. The Bitcoin Blockchain was - as of September 2025 - 674GB in size, adding a gigabyte every few days, meaning it is probably around 750GB today, stored on every single full node - what a waste of space. Databases are a lot more flexible in that regard.

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  • [–] -2 points 1 day ago (2 children)

    And a centralized database can be modified at will by whoever controls it. Just because you place no value on a distributed ledger that is censorship and fraud resistant doesn’t mean that configuration has no value. Centralized currencies are secured with violence. Blockchains are secured with math.

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  • [–] 3 points 1 day ago (1 child)

    You can also apply cryptographic functions to make sure database entries are not modified - this is then an issue of transparency and not centralization.

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