Merkle trees and consensus algorithms predate "blockchain." So far blockchain ha... | Hacker News

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		jasonwatkinspdx on Nov 13, 2022 \| parent \| context \| favorite \| on: FTX faces potential hack, sees mysterious outflows... Merkle trees and consensus algorithms predate "blockchain." So far blockchain has very little to offer other than solutions to Sybil attacks that so far are net negative in externalities.

TheNewsIsHere on Nov 17, 2022 [–]

You are absolutely right! It’s accurate to say blockchains are a synthesis of other technologies, and solve for particular, narrow use cases.

That is useful, but not as generally useful as cryptocurrency advocates want you to believe.

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