this post was submitted on 10 Nov 2023
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I value this meme at eleventy billion and won't take a cent less (lemmy.world)
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[–] ElectricCattleman@lemmy.world 2 points 2 years ago (2 children)

There are some fringe benefits for blockchain but massive issues with normal human issues like:

  • Scams/theft: person has the wallet lost through scam or left, how do you invalidate the lost credentials or tickets.

  • Wallet loss: loss through any number of means: fire, incompetence, computer being destroyed, loss of account to cloud backup etc

  • Issuer need to invalidate: if tickets/credentials were purchased by fraud or an issue occurs where they need to invalidate

How does blockchain handle these common situations?