• @Squizzy@lemmy.world
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        02 years ago

        I’m not cryptobro but I hate that people give out about it’s use in crimes… it’s a currency, it being used in crimes is only evidence of it being used as a currency. All my drugs are bought with euros.

      • 520
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        -42 years ago

        That’s because transactions can’t be rolled back, opening accounts doesn’t require identifying info, and there’s no possibility of payments being intercepted by a third party.

        Sure, fiat can be safer when your bank is being responsible. It can be much more dangerous when they aren’t. Just ask a victim of Wells Fargo.

    • @ramble81@lemm.ee
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      152 years ago

      Okay. I’ll answer seriously to this. Blockchain can’t store an entire contract (not within reason). Likewise, contracts will never be made public. So at most you’ll get is a pointer to where the contract is held. The contents of the contract can be changed (though you could put a checksum in the chain too), but that still doesn’t address things. Also if you are concerned about “well no one else has a contract” then all that needs to happen is everyone gets a contract, then the chain is inundated with contracts and all you’d have is a pointer and a checksum and you have no idea what’s in the actual contract.

      • @Bartsbigbugbag@lemmy.ml
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        12 years ago

        A contract is text only, that would be a few kb at most when compressed… blockchain can definitely hold that, it can hold images, and someone even put Doom on the blockchain.

      • @isles@lemmy.world
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        2 years ago

        Blockchain can’t store an entire contract (not within reason).

        What do you mean by this? I don’t work directly with blockchain, but it appears Eth has a 12MB block limit, which is 10,000 pages of simple text.

        • @ozymandias117@lemmy.world
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          62 years ago

          A block isn’t a single transaction. It’s way too inefficient to scale that way

          A block is a group of transactions

          • @isles@lemmy.world
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            22 years ago

            Sure, that makes sense, so it looks like each contract could only be 20 pages of text, at least per transaction.

    • Neato
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      -12 years ago

      Blockchain has no viable uses. Append only databases already exist. Distributed databases already exists. It’s all a scam.