How is blockchain superior than me just creating a git repository on GitHub called "allmoney" and just setting it up such that a commit represents a transaction and the log represents the ledger?
I also don't see how block chains or smart contracts can override reality. Let's say you buy a house using a smart contract, and someone, in real life, comes to you with a gun and says give me your wallet and transfer it to me, or you die. Are we supposed to just accept that? If not, what mechanism will undo the crime and restore the house back to the [rightful] owner?
it just all seems dumb, imo - technology cannot exist in a vacuum, ever.
How is blockchain superior than me just creating a git repository on GitHub called "allmoney" and just setting it up such that a commit represents a transaction and the log represents the ledger?
I also don't see how block chains or smart contracts can override reality. Let's say you buy a house using a smart contract, and someone, in real life, comes to you with a gun and says give me your wallet and transfer it to me, or you die. Are we supposed to just accept that? If not, what mechanism will undo the crime and restore the house back to the [rightful] owner?
it just all seems dumb, imo - technology cannot exist in a vacuum, ever.