Matty Roses

It’s nonsense, for cooling reasons alone

C’mon Cohegan, give dees peepul aihhhhhh

Well, yeah.

A blockchain is nothing more really than a database.

The use case is when I don’t want or have a trusted keeper of that data.

See, if it’s your excel spreadsheet, how do I know that you’re not going to change the values on it? For some things that doesn’t matter - but for things like funds between different parties, etc, that can be a big issue.

Traditionally this has worked by having a trusted third party - a bank, a court, a escrow company, etc. But all these require lots of effort to have as well, and can be bad actors.

There are already cryptocurrencies with barely a fraction of the energy use of Bitcoin.

They’ll pull themselves up by their bootstraps on the way there!

Do you mean e/is? Fairphone is hardware, but uses either e/os or android

What you’re trying to hide is information.

You’re just shown them that you have information, and it’s valuable enough for you to take pains to hide it.

They might not get it all, but they’ll use the wrench to try.

There’s always an XKCD