> And then, even when faced with implementing a huge, audit critical, distributed append-only store, the thing they tell us blockchains are so useful for, they just use normal database tech like the rest if us. With one centralized infrastructure where most of the transactions in the network actually take place. Who's tech stack looks suspiciously like every other financial institution.
Right but surely you must understand that the blockchain transactions are already stored in the blockchain, and what this is about is logs that might be useful for debugging purposes, and as such would be more verbose than what's required and also could contain sensitive information?
Apart from that isn't it obvious that the performance requirement would make this unrealistic, with no added benefits, whatsoever.
>I'm so glad we're ignoring 100 years of securities law to let all of this incredible innovation happen.
Storing all these logs on a blockchain might very well (apart from being totally asinine) breach privacy regulations as well, as it might very well store sensitive data?
Surely you must understand this?