you are viewing a single comment's thread
view the rest of the comments
[–] 4 points 1 year ago (5 children)

Imagine you have a database, you decide to add something to it and now you have to solve 5000 sudokus. Also you can't remove anything as well. Have fun

  • source
  • parent
  • hideshow 5 child comments
  • [–] 8 points 1 year ago (1 child)

    Imagine many entities have a shared database. You cannot trust anyone else but you have to add something. The consensus mechanism of the algorithm of your choice ensures that only good actors participate through sheer game theory. This naturally has a cost and you are happy to pay it. You have a lot of fun

  • source
  • parent
  • hideshow 1 child comment
  • [–] 5 points 1 year ago

    Thank you for this. I’ve grown too tired of explaining it after the last 15 years.

    Just because it’s not the solution for everything doesn’t mean it’s not a solution for something. Blockchain revolutionized global finance.

  • source
  • parent
  • [–] 4 points 1 year ago*

    cannot remove anything is a feature, it prevents people from changing history (imagine being able to undo all your outgoing payments)

    And the reason you have to solve 5000 sudoku is by proving you have a limited resource, in this case processing power (and proof of stake makes it the money you have and skip the 5000 sudokus). Because if you are identifying people by a user account, there's nothing stopping 1 person from creating 20 billion accounts.

  • source
  • parent