In what appears to be the latest move in this administration’s total incompetence with regards to critical government tech infrastructure, MITRE announced yesterday that funding had run out f…
Exactly, blockchain technology doesn’t do anything to prevent people from just straight up lying. I’ve heard people suggest that blockchain could be used to create a distributed Wikipedia, and somehow it would be immune to trolls because “blockchain”.
Also blockchain is susceptible to something called a 51% attack, where if you can compromise more than half of all of the nodes then the illegitimate version becomes the trusted version over the legitimate version, without ever having to compromise the original version, (because 51% of the vote is 100% of the control). The only reason that doesn’t really happen with cryptocurrencies is that there are so many people who use cryptocurrencies that the numbers required to pull off at 51% attack would be unachievable even for a nation state.
However I can’t believe that this database would be anywhere near that distributed so a committed actor could very well achieve a 51% attack.
It’s not as if other nation states don’t maintain their own versions of this anyway (it would be stupid to trust the United States exclusively even if it weren’t for Trump), as do a lot of the cyber security companies. So it’s not really a problem anyway.
Exactly, blockchain technology doesn’t do anything to prevent people from just straight up lying. I’ve heard people suggest that blockchain could be used to create a distributed Wikipedia, and somehow it would be immune to trolls because “blockchain”.
Also blockchain is susceptible to something called a 51% attack, where if you can compromise more than half of all of the nodes then the illegitimate version becomes the trusted version over the legitimate version, without ever having to compromise the original version, (because 51% of the vote is 100% of the control). The only reason that doesn’t really happen with cryptocurrencies is that there are so many people who use cryptocurrencies that the numbers required to pull off at 51% attack would be unachievable even for a nation state.
However I can’t believe that this database would be anywhere near that distributed so a committed actor could very well achieve a 51% attack.
It’s not as if other nation states don’t maintain their own versions of this anyway (it would be stupid to trust the United States exclusively even if it weren’t for Trump), as do a lot of the cyber security companies. So it’s not really a problem anyway.