Posted on 01/02/2021 6:37:04 AM PST by Kaslin
If you’re starting to feel like you’re in some kind of a live punk’d version of The Sting (the classic Robert Redford, Paul Newman film for our younger readers) then you are not alone. Put another way, those of you who are beginning to feel that we’re not only living in an “upside-down world,” as some conservative pundits are wont to say, but are living in a world that has fully become one big con job, divorced from truth, then join the crowd.
One of the active ingredients in this false construct of today’s fabricated reality is the notion that if it’s truthful it must be verified on the blockchain. For the uninitiated,
A blockchain is a growing list of records called blocks which are interconnected by utilizing cryptography. Each block contains a cryptographic hash of the previous block, a time stamp, and exchange information. Utilizing blockchain we can safely store information over the shared system, where everybody can see but can’t do any alteration. Blockchain will track all information trade called ledger and it uses a distributed system to verify every exchange.
In other words, blockchain consists of fixed bits of information that cannot be altered, that are connected to each other, and that can be verified by everyone. This verification leads to the concept that whether something is truthful can be measured by whether it is ‘verified’ on the blockchain. This of course begs two questions: Whether blockchain verifies the truth of those bits of information or merely their existence? And whether something that is not verified on the blockchain can still be verifiably truthful?
(Excerpt) Read more at americanthinker.com ...
Simply put, blockchain—or any good encryption/digital signature method—cannot verify the truth or veracity of the original data, just that it isn’t tampered with once written.
You could use blockchain on the “Protocols of the Elders of Zion”. It doesn’t make the story true.
Didn’t it used to be called a checksum?
The blockchain will verify that “something” was done, somewhere at some time.
It is useful for tracking assets—almost like a universal postmark.
But if what is attached the blockchain is BS...then the BS can be tracked to a specific time and place. ONLY that part of the blockchain is “truth.”
I know it sounds almost like a religion. People need to take a basic relational data base course. It is logical and simple and boils down to: GIGO.
I’m a technical person at heart. But I’m certainly not a blockchain expert. I understand how it works at a high level.
Ever since the election ‘irregularities,’ I have thought that a blockchain system with free access to the source code would cut way down on election fraud.
Here’s hoping someone way smarter than me will take a look at this.
Similar to a checksum or a hash. The problem with checksums is collisions: different data can produce the same checksums, so they use hashes instead. But the difference between those two and a digital signature is that the digital signature starts with a private key that only the signer can access. So when you verify the signature with the public key (which everybody can access and is printed in the article), you know the signature was created with the corresponding private key.
Unless the private key was stolen. Also doesn't mean the holders of the private key have any credibility whatsoever which is the point of the article.
“Also doesn’t mean the holders of the private key have any credibility whatsoever which is the point of the article.”
Exactly. GIGO!
Exactly. What's really rare these days is simple common sense.
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