Anything where a trustless system is important. The “largest users can rewrite history at will” is a critique to specific implementations, not Blockchain.
I don’t know that it is, though. Can you show me form of blockchain in the real world where this doesn’t apply? Saying large actors can’t affect a specific piece of internet technology, so far, is rather like teaching physics without friction. It’s nice and fun and easy to understand but completely ignores the reality of any implementation.
Anything where a trustless system is important. The “largest users can rewrite history at will” is a critique to specific implementations, not Blockchain.
I don’t know that it is, though. Can you show me form of blockchain in the real world where this doesn’t apply? Saying large actors can’t affect a specific piece of internet technology, so far, is rather like teaching physics without friction. It’s nice and fun and easy to understand but completely ignores the reality of any implementation.
Well, you just don’t know. In the real world there are private blockchains between equipotent participants that don’t rely on burning the planet to function. Helpful reading: https://www.geeksforgeeks.org/ethical-hacking/private-blockchain/
Blockchain is a concept, can’t be owned or affected.