ziploc
Legacy Member
^^
the whole point of blockchain is ... that there should not be only 1 copy of blockchain, or else ...
yes but the question concerned it's survival not objective...
^^
the whole point of blockchain is ... that there should not be only 1 copy of blockchain, or else ...
yes it won't disappear....it's about 400GB in size...unless everyone erase his copy of it...
the network can be in pause state and it requires only 1 participant to continue....others can disconnect and reconnect at will.....
yes but the question concerned it's survival not objective...
And Gold is bringing way more job than BTC.
Gold is real, you can touch it, it will always be there. BTC can vanish forever pretty easily...
false
However, the concept of the blockchain can no longer function with one copy because of data integrity issues.
prove it...LOL
The value we attribute to gold could also vanish overnight... If we valued gold based on its industrial use, its value would be a fraction of current trading value.
It's all about constructs.
hmm ok.
what is the blockchain? what are distributed ledgers? can ledgers be distributed with 1 party? can blocks be validated by one party? how is data integrity maintained with one party? assume it can be validated by one, how will then your blockchain be reconciled amongst the network if others (who, as you say, can hop in or out freely) have conflicting versions of the blockchain?
have conflicting versions of the blockchain?