> Stripe controlled blockchain could offer that a database could not.

A database cannot resist tampering by somebody with admin access to the database. It may be the only thing that blockchains have going for them, but it's a big one.

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rank0 6 days ago | parent | next [-]

Whoever controls the protocol and network nodes can indeed unilaterally alter the blockchain just like any other data structure.

	▲	__MatrixMan__ 6 days ago \| parent [-]
		Yeah sure, if there is a single such party. I haven't looked at how stripe is implementing this, but since it's a blockchain total control is an option, not a requirement.

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fruitworks 6 days ago | parent | prev | next [-]

But this is a classical consensus setup where stripe has a front door to change anything about the network they want.

Never trust a cryptocurrency developed by a for-profit corporation.

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LoganDark 6 days ago | parent | prev | next [-]

Stripe would never create a blockchain they can't control, because if it has anything to do with fiat then it's going to need to have that control. I have an extremely high suspicion they have some sort of admin access.

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jamesmccann 6 days ago | parent | prev | next [-]

You can sign records in a normal database. Implement some segregation of duty and don't give your DB admins access to any signing keys.

	▲	__MatrixMan__ 6 days ago \| parent [-]
		They can still delete records, restore from backups, etc

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Marazan 6 days ago | parent | prev | next [-]

Which is by the DAO exploit on Ethereum was successful and not rolledback by the Ethereum Devs.

Oh, wait... I've been handed a piece of paper...

	▲	__MatrixMan__ 6 days ago \| parent \| next [-]
		The protocol allowed it, there's nothing wrong with that. It's not like a DB admin just made a change without having to worry about what the rules were.
	▲	kinakomochidayo 6 days ago \| parent \| prev [-]
		To be fair, Ethereum wasn’t rolled back like Bitcoin got rolled back in 2010. Ethereum had a surgical state change on a smart contract via hard fork that implemented that change, so it had 0 effect on other blocks.

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kiitos 6 days ago | parent | prev | next [-]

you get enough voting power and you can fork any blockchain to whatever state you want, no different than an admin doing an upsert

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ab5tract 6 days ago | parent | prev [-]

Can you name any significant economic fallout of any kind related to this attack vector?

Because I feel pretty confident that it is dwarfed by the volume of money that has been unlocked by tying crypto to ransomware.

	▲	__MatrixMan__ 6 days ago \| parent [-]
		Enron