• amio@lemmy.world
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    21 hours ago

    We already have mechanisms for all of that. Any security it provides you can have without it, the only difference it had going for it was “it has blockchain” and that was the Arbitrary Magic Hype Word at the time - like “AI” is now and “cloud” was before. In reality that means it’s a huge unwieldy system that wastes tons of resources for what’s often really poor reasons.

    • nexguy@lemmy.world
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      21 hours ago

      We do have existing mechanisms in place. More expensive and less safe options. This is definitely not a huge and unwieldy system. Very simple and streamlined and much cheaper. Nothing amazing or world changing… just some minor technological advances.

      • Venator@lemmy.nz
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        21 hours ago

        I don’t see how it’s more expensive or less safe for authentication to be signing with a private key and publishing the public key…

        • tempest@lemmy.ca
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          19 hours ago

          You don’t get it. It’s on the block chain, it’s a chain of blocks man, like it’s decentralized finance man, we’re calling it defi, like hifi but defi, it’s gonna be huge.