this post was submitted on 12 Jun 2024
23 points (100.0% liked)

Buttcoin

396 readers
22 users here now

Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 11 months ago
MODERATORS
dgerard@awful.systems
23
The Australian Securities Exchange CHESS blockchain: seven years of sunk cost fallacy (davidgerard.co.uk)
submitted 5 months ago by dgerard@awful.systems to c/buttcoin@awful.systems
13 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] dgerard@awful.systems 8 points 5 months ago (1 children)

so in practice it actually doesn't, and enterprise "blockchain" systems tend to evolve:

  1. do the real work in the blockchain bit
  2. do the real work in a program with an SQL database attached, claim the blockchain is for audit logs
  3. every SQL DB can produce those anyway, remove the blockchain bit entirely
  4. don't bother removing the word "blockchain" from your marketing copy

multiple such cases!

[โ€“] slazer2au@lemmy.world 0 points 5 months ago

exactly, like I said, there is only 1 thing it could be used for, but there are better options for that anyway.