Social Security systems contain tens of millions of lines of code written in COBOL, an archaic programming language. Safely rewriting that code would take years—DOGE wants it done in months.
Or you know, trusted timestamps and cryptographic signatures via normal PKI. A Merkle tree isn’t worth shit legally if you can’t verify it against a trust outside of the tree.
All of the blockchain bullshit miss that part - you can create a cryptographic representation of money or contracts, but you can’t actually enforce, verify or trust anything in the real world without intermediaries. On the other hand, I can trust a certificate from a CA because there are verifiable actual real-world consequences for someone if that CA breaks legal agreements.
I’ll use a folder of actual papers, signed using a pen. Have some witnesses, make sure they have a legal stake and consequences, and you are golden.
Or you know, trusted timestamps and cryptographic signatures via normal PKI. A Merkle tree isn’t worth shit legally if you can’t verify it against a trust outside of the tree.
All of the blockchain bullshit miss that part - you can create a cryptographic representation of money or contracts, but you can’t actually enforce, verify or trust anything in the real world without intermediaries. On the other hand, I can trust a certificate from a CA because there are verifiable actual real-world consequences for someone if that CA breaks legal agreements.
I’ll use a folder of actual papers, signed using a pen. Have some witnesses, make sure they have a legal stake and consequences, and you are golden.