Bitcoin miner since 2014. Survivor from a crashed economy using bitcoin. Yes it works!
…ned system. With the entry of external data we open a large, even infinite surface area for errors. Who ensures that the data which is added to the chain is correct? If incorrect data is added to the chain, then in some ways it’s the inverse result of having created immutable correct data, that is to say, we made “garbage” immutable. Of course, there are ways to get around this in stateful chains such as Ethereum where one can actu…
Even if by some miracle a popular app is created on a blockchain, a centralized equivalent without the extraneous blockchain will be cheaper, faster, more reliable, more maintainable while having the exact same single points of failure as the “decentralized” blockchain-y version. Or put another way, any popular dApp is destined to lose against a centralized competitor on cost, …