this post was submitted on 19 Mar 2024
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And if you get hacked?... you blockchain fanatics always forget that it's a ledger, not a database.
If i were about to hack your account and transfer everything to my account, there is nothing anyone could do about that. Steam admins couldn't reverse the transaction because everything is stored in a ledger, not a database.
Your stuff would be gone for good.
Block chain fans using the block chain for anything except what block chain is designed for. Name a more iconic duo.
It's only use is proving you own something in a decentralized way. If it's steam we're buying from them it's centralized, there's no need.
One thing I'd love would be that there's one proof of ownership chain and companies list their games, you purchase it then it's on the chain forever. Torrent, download, disc, it checks the chain and shows you own it. But then we still have the "I got hacked and lost my wallet" issue.
However that will never, and I mean ever happen. The chain is the antithesis of corporate control so nothing like that will happen.