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To: MarchonDC09122009

No human being has even the slightest clue about what blockchain is.

Lots of people are going to get rich off of people who think they understand this nonsense.

Ask any one of these blockchain advocates to explain it in two simple sentences - or even one simple paragraph.

They can’t.


13 posted on 09/19/2018 11:59:07 AM PDT by oldbill
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To: oldbill

I’m by no means an advocate, it’s good for some stuff but not for a lot of the things people want to solve with it (like voting). Over all block chain is actually very simple. It’s nothing more than centralized traceable processing of data where every time something (real something or digital) moves that movement is recorded in three places (source, destination, central data) with hashing to keep all the IDs straight and the chains linked.

One sentence. It’s really not that tough. Where it starts getting complicated is individual implementations, the core tech is insanely simple, honestly something we could have done in the earliest days of the internet.


19 posted on 09/19/2018 12:23:18 PM PDT by discostu (Every gun makes its own tune.)
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