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RE: ADSactly on ADSACTLY - Can Blockchain Systems Provide Both Security and Privacy?

in #adsactly7 years ago

technology blockchain is gaining increasing popularity. Many people talk about it as a "savior" in an endless information war. Other people see this as a threat to the established digital centralized world. But is it really so? Partly yes, and partly not.
I agree that the block chain is at the initial stage of development. It is a young but promising technology that will somehow change our familiar digital life. Yes, the big plus of it is that there is no censorship here and everyone can express their opinion. Individual countries can not total control resources that are based on the blockchain.
But it is possible to distinguish from minuses that the blockchain can be used by "bad" people for their own mercenary purposes. Manipulation is also possible in this case. Information in our time can be more dangerous than a weapon. Especially if the information is manipulated by evil people.
I like the fact that the blockchain represents resistance to censorship. There is no censorship useful or not useful.
Similarly, the advantage of the blockchain in the appearance of new types of organizations. Such organizations can use the block chain as a means of exchanging funds, and they can enter their rules into the blockchain. For example, with the help of The DAO, people could collect money together and collectively decide on what to spend.
I see more pluses than minuses. But I also agree with the fact that it takes time that the block chain should solve all the problems at the moment.

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Well, block chain can't solve all the problems together at once if people are still kicking against it

Although blockchain can solve many of the problems, it's still not perfect. There are many loopholes in the system but they can be fixed with time.