Buttcoin

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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.

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The Australian Securities Exchange CHESS blockchain: seven years of sunk cost fallacy (davidgerard.co.uk)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 3 months ago (1 children)

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

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

multiple such cases!

[–] [email protected] 0 points 3 months ago

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