Gratuitous #Blockchain UC. You can just continuously export the reading to an external DB the driver doesn't own and alert on lower readings
@mikko @mikko
18 Mar 2017
I would not have thought of that. Using Blockchain to prevent rolling back the odometer in used cars (ie. 'clocking' or 'busting miles'.
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You do get that not trusting and paying someone to operate that DB is the whole point, right?
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I understand that being the assumption. I'm entirely unconvinced that it works out economically.
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with POW, the total system cost of a blockchain tx are astronomically higher than putting a record into 2+ DBs
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That's why the cost of a credit card transaction is several orders of magnitude higher than the backend DB part suggest
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I consider that under total system cost. E.g. settling one bitcoin block transaction costs upward of $10 just to cover the used kWh
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That canโ€™t possibly be true. Maybe a block has that cost, but definitely not a transaction.
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Settlement happens in blocks. Whatever gets into that block is determined by how many tx the winner scoops up before trying.
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Replying to @clemensv
A block will contain about 1,000 transactions and earn the miner 12 Bitcoins, i.e. more than 12k โ‚ฌ

Mar 18, 2017 ยท 9:54 AM UTC

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Replying to @stilkov
For any block they win settling in the hash collision lottery, which isn't very often.
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Of course. Yet there are people and companies doing it. Theyโ€™re not doing it for charity.
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