‘Blockchain’ is meaningless - The Verge


60 bookmarks. First posted by eske march 2018.


A laundry list of other content about blockchain in government.

‘Lemieux is also well-acquainted with misconceptions about the capabilities of blockchains. “The concept of trustworthiness — at least from an archival science perspective — goes far beyond what the blockchain can do, or even promises to do, in most cases,” she said. This idea implies that records are accurate, “which is not something typically in scope of a good number of blockchain solutions” and exaggerates their reliability, which is an “issue if you have poorly written smart contracts or novel and untested consensus algorithms.” It also exaggerates claims of authenticity, which relies on the robustness of whatever identity system is paired with the blockchain. “Finally, immutability implies permanence, and there’s no guarantee that ledger records created and kept on chain will last, even with lots of copies around, because of technological obsolescence and the fact that incentives to keep the system going may die off after a time,” she said.’
cases  govt  blockchain 
april 2018 by cote
“‘Private blockchain’ is just a confusing name for a shared database,” wrote Arvind Narayanan, an assistant computer science professor at Princeton
blockchain  theverge  definition 
april 2018 by WBedutech
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but poorly understood: “the blockchain” or just “blockchain. via Pocket
march 2018 by tomconte
via Pocket - ‘Blockchain’ is meaningless - Added March 08, 2018 at 08:34AM Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but poorly understood: “the blockchain” or just “blockchain.
march 2018 by peteyreplies
pub:"The Verge" date:2018-03-07
mediax  Blockchain 
march 2018 by randomwalker
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but poorly understood: “the blockchain” or just “blockchain. via Pocket
IFTTT  Pocket 
march 2018 by kubia
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but poorly understood: “the blockchain” or just “blockchain.
bitcoin  blockchain  language  stream 
march 2018 by therourke
The term blockchain needs a universal definition as its general usage has become diluted and has led to many misconceptions about its capabilities
march 2018 by joeo10
‘Blockchain’ is meaningless via
from twitter
march 2018 by ciocci
On the contested definitions of blockchain.
future 
march 2018 by lepidoptra
“A bunch of states are really in a rush to pass some sort of legislation to demonstrate how crypto-friendly or tech-savvy they are, [...] Many of them are putting definitions of blockchain technology in these statutes, and from my perspective, they are very problematic definitions.”
blockchain  law  dopost 
march 2018 by niksilver
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but…
from instapaper
march 2018 by dylan
"‘Blockchain’ is a meaningless term"
from twitter
march 2018 by peterjblack
What do you mean by blockchain? ...
from twitter
march 2018 by sandraxi
There is no universal definition of a blockchain, and there is widespread disagreement over which qualities are essential in order to call something a blockchain.
eMoney 
march 2018 by zephyr777
“The concept of trustworthiness — at least from an archival science perspective — goes far beyond what the blockchain can do, or even promises to do, in most cases,” she said. This idea implies that records are accurate, “which is not something typically in scope of a good number of blockchain solutions” and exaggerates their reliability, which is an “issue if you have poorly written smart contracts or novel and untested consensus algorithms.”
blockchain  counterarguments 
march 2018 by corrales
just because the data is in a blockchain doesn’t mean the data is accurate. Inaccurate data, such as a mistake on a medical record, can still be validated in a blockchain.
blockchain 
march 2018 by john
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but…
from instapaper
march 2018 by nzeribe
‘You keep using that word. I do not think it means what you think it means’
article  technology 
march 2018 by mvuijlst
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but poorly understood: “the blockchain” or just “blockchain. via Pocket
IFTTT  Pocket 
march 2018 by archizoo
Estonia’s system actually predates the Bitcoin blockchain, and there is some disagreement over whether it should be called a blockchain technology.

David Birch, a fintech consultant and author of Before Babylon, Beyond Bitcoin, found himself at a blockchain event with Estonia’s CIO, Siim Sikkut, who seemed to confirm that Estonia’s system is not a blockchain.

“I asked him where this ‘Estonian blockchain ID’ myth came from since I find it absolutely baffling that this urban legend has obtained such traction,” Birch wrote. “He said that it might be something to do with people misunderstanding the use of hashes to protect the integrity of data in the Estonian system.”

Estonia’s technology vendor, Guardtime, rebranded its offering from “hash-linked time-stamping” to a “blockchain technology.” That’s not necessarily untrue since “blockchain” has no agreed-upon definition — and for now, it’s a good marketing tactic.
eesti  e-estonia  blockchain  id  definition  technology  marketing  ubc 
march 2018 by ivar
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but…
from instapaper
march 2018 by handzo
The idea of a blockchain, the cryptographically enhanced digital ledger that underpins Bitcoin and most cryptocurrencies, is now being used to describe everything from a system for inter-bank transactions to a new supply chain database for Walmart. The term has become so widespread that it’s quickly losing meaning.
blockchain 
march 2018 by geetarista
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blockchain 
march 2018 by brianyang
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march 2018 by slee2004
Blockchain means never having to say you're sorry.
ifttt  facebook 
march 2018 by cronco
This makes me angry This is a very very easy term to understand. But it is the out of contr…
from twitter
march 2018 by dnene
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but…
from instapaper
march 2018 by kohlmannj
RT : "‘Private blockchain’ is just a confusing name for a shared database.”

"Blockchain" has become meaningless
from twitter_favs
march 2018 by dalcrose
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but poorly understood: “the blockchain” or just “blockchain. via Pocket
IFTTT  Pocket 
march 2018 by keithprime
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Feedly 
march 2018 by stuartdredge
"‘Private blockchain’ is just a confusing name for a shared database.”

"Blockchain" has become meaningless
from twitter_favs
march 2018 by girma
‘You keep using that word. I do not think it means what you think it means’
blockchain 
march 2018 by jorgebarba
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they’ve also been joined by a concept that is widely circulated, but…
from instapaper
march 2018 by thecoard
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IFTTT  Feedly 
march 2018 by eske