this post was submitted on 21 Nov 2024
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submitted 1 week ago* (last edited 1 week ago) by NorthWestWind to c/asklemmy
 

If you are gonna downvote, say something.

I can't tell if you're downvoting because you saw the word "blockchain", or you really love it.

I'm using quotes in the title, because I suspect a major amount of people use the word "blockchain" loosely to refer to other related things. If you are willing to, please provide a definition of what you mean by "blockchain" as well.

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[–] slazer2au 48 points 1 week ago (2 children)

Blockchain is touted as an immutable ledger of transactions visible to everyone.

The only proper use case I can see for it is audit logs where you never want to loose what transaction happened. That being said, we have existing technologies which provide this at a smaller footprint.

[–] lemming741 6 points 1 week ago

And who wants your ledger open to the public? It's a pile of oily rags.