Technology

58011 readers

3021 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

283

A secret Google deal let Spotify completely bypass Android’s app store fees (www.theverge.com)

submitted 9 months ago by [email protected] to c/[email protected]

26 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 20 points 9 months ago (3 children)

Okay. I’ll answer seriously to this. Blockchain can’t store an entire contract (not within reason). Likewise, contracts will never be made public. So at most you’ll get is a pointer to where the contract is held. The contents of the contract can be changed (though you could put a checksum in the chain too), but that still doesn’t address things. Also if you are concerned about “well no one else has a contract” then all that needs to happen is everyone gets a contract, then the chain is inundated with contracts and all you’d have is a pointer and a checksum and you have no idea what’s in the actual contract.

[–] [email protected] 22 points 9 months ago

Not only that. Backroom deals without public documentation has been done since the beginning of humanity.

Even if blockchains were widely used, these things would happen outside the blockhain and no one would be the wiser.

[–] [email protected] 1 points 9 months ago

A contract is text only, that would be a few kb at most when compressed… blockchain can definitely hold that, it can hold images, and someone even put Doom on the blockchain.

[–] [email protected] -5 points 9 months ago* (last edited 9 months ago) (1 children)

Blockchain can’t store an entire contract (not within reason).

What do you mean by this? I don't work directly with blockchain, but it appears Eth has a 12MB block limit, which is 10,000 pages of simple text.

[–] [email protected] 8 points 9 months ago (1 children)

A block isn’t a single transaction. It’s way too inefficient to scale that way

A block is a group of transactions

[–] [email protected] 2 points 9 months ago

Sure, that makes sense, so it looks like each contract could only be 20 pages of text, at least per transaction.