Researchers from several institutes worldwide recently developed Quarks, a new, decentralized messaging network based on blockchain technology. Their proposed system could overcome the limitations of most commonly used messaging platforms, allowing users to retain control over their personal data and other information they share online.
Depends on a) what keys you have, b) who even gets to make mutations and c) if the system has provisions for “edit” transactions (which don’t change history but say – to put it very simplistically – that eg. “previous transaction x is invalid”). Also it’s unclear why you think this is different from a database password being stolen.
I wasn’t saying to throw away existing systems or that banks aren’t running secure databases. Jesus christ you seem more intent in just being indignant about me daring to have a differing view about something than actually reading what I said.
You also clearly don’t understand what Proof of Authority means and didn’t bother to read my explanation, since PoW / PoS are completely different consensus mechanisms and the problems with them don’t apply to PoA systems.
Remind me which Oracle or Microsoft database solution gives you signed state mutations, a guaranteed immutable and tamper proof history.
Honestly your whole argument relies on you not bothering to read what I wrote and then answering with sarcastic comments based on what you assumed was said. I know you don’t agree with me, but try not to act like a twat just because you don’t.