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  1. Feb 2022
    1. Okay, so what’s the blockchain? It’s a database. Unlike most databases, it’s not controlled by one entity and it’s not easily rewritten. Instead, it’s a ledger, a permanent, examinable, public database. One can use it to record transactions of various sorts. It would be a really good way to keep track of property records, for example. Instead, we have title insurance, unsearchable folders of deeds in City Hall and often dusty tax records.

      This wrongly assumes that

      • Permanent records are always desirable
      • Accountability undermines corporations