On Monday, December 18, 2017 at 3:08:31 PM UTC+1, Dragon Cotterill wrote:
>
> Blockchain is a solution desperately looking to solve problems.
>

 

> OK, the idea of the blockchain is sound. It ensure that changes based on 
> previous data is valid. There are two major drawbacks, one in the 
> blockchain itself, and the second applicable to TW.
>
> Firstly the big problem is the need for continuous calculations. This eats 
> huge amounts of electricity just to be able to validate the transactions. 
> The more transactions you apply, the more processing you have to do. This 
> is inherently not scalable when it comes to enormous amounts of 
> transactions. ...
>

Note I have basically no knowledge on these crypto things, so FWIW:

I believe the energy consumption is relative to how deep the mining is and 
the size of the blockchain. As I understand it, ERC-20 tokens are not 
mined, but premade. And for something like tiddlers, the blockchaing should 
be very, very, very short, even for popular tiddlers. So would this not 
mean that energy consumption is negiligable?

Secondly, and more applicable to TW, you cannot change any previous data.
> TW is essentially a data storage, and some of that data is likely to 
> change. Yes that change can be factored in to the chain, but sometimes data 
> entered is wrong or temporary and needs amending.
>

Well, my naive assumption was that the blockchaing could consist of the 
tiddler itself (or a hash thereof) and that you cannot change previous data 
(i.e the chain) but only add to it... which is done any time the tiddler is 
edited. The finesse here is that a tiddler could always be traced back, so 
if it says the author is Dragon we could see if it actually has been 
manipulated only by Dragon or someone else after Dragon. (and Dragon = 
Dragons public key). 

My point was that maybe blockchain could be a way to secure origin of a 
tiddler and trace its history - because this will be an issue when we 
eventually get a federated TW network going. Assuming we want traceability.

Total misunderstanding on my part?

<:-)

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