They mean nothing in the sense its nothing you cant do with DBs, so like I said, big words that mean nothing
Cryptography - means that only you can make changes. No database administrator. No hacker. No-one but you.
Limited actions - means the changes you make must follow rules that cannot be altered by anyone.
Both impossible to implement on a normal DB, which is why bitcoin was revolutionary.
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thats not what cryptography means, and is a huge fucking downside especially for banking which us centrally controlled
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It’s called triggers, user roles etc, once again you dont want this to be unalterabale for banking because what if regulations change…
Only thing bitcoin revolutionized was the speed with which scammers can dupe people out of their money.
thats not what cryptography means,
You didn’t even know what “those big words” meant a second ago.
downside especially for banking which is centrally controlled
Banking doesn’t need to be centrally controlled. It only has been for the past few hundred years.
- It’s called triggers, user roles etc,
Why pay and trust a 3rd party control those?
what if regulations change…
You update the smart contracts
The only thing bitcoin revolutionized was the speed with which scammers can dupe people out of their money.
Almost true. Scams are not the only thing revolutionized.
They were saying what it meant in this context
Meaning, in a DB, the admin could change roles and modify anything.
Database triggers can have bugs, and we generally don’t let third parties log into the database directly because it’s a huge attack surface
In blockchain, without a key you’re cryptographically locked out. The only way around that is if the network as a whole changes their code to a version that allows something like that
It’s just a ledger where every entry is signed by a private key. That’s a fantastic structure for certain specific use cases…
