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greggman | 7 years ago
IIUC the only thing keeping bitcoin's blockchain trustworthy is millions of people mining new coins and therefore distributively verifying the blockchain. Who would be doing that for your medical records and what would their incentive be to do it?
ghthor|7 years ago
greggman|7 years ago
But, for medical records there is no such incentive. Therefore anyone can easily change the records or add new ones and claim everyone else who has a shorter chain has the wrong chain (which will be like no one since there is no incentive to mine).
So I'm probably just informed how blockchain is supposed to help here. Without the distributed trust there's no plus to blockchain. And without the incentive to mine that generates millions of miners there is way to have the distributed trust.
I'm happy to be wrong but I haven't see an explanation how this issue is solved for all these non virtual currency uses cases.
arisAlexis|7 years ago