Delving Deeper into this #Data at @Benzinga about the "Blockchain"

(I was going to say 'Data on the "Blockchain,"' but that means

 something different ... like 'putting down money'---when you

 say you're 'putting down money' on a NASCAR-entry; are

 you 'betting on the car' or 'BUYING the car'? (or maybe just

 throwing a bag of cash in its trunk?) ... it's early, and I'm

 only 'one cup of coffee'-into this morning ...)

From what I've heard about "blockchain" ... It's something about 'money,' I'm still not sure where 'money' comes in, but---maybe I'll see if I read 'the Benzinga-article linked through "Data" below' ...

... but first I want to understand that word better. And I find that you understand words better when you look at the other words at the bases of the words you're thinking-of ...

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The word “Data” is built on ancient words that mean "to Give" (i.e. 'a Given (Thing)'). #Datum (one piece of Data) #DataProcessing #DataBase #DataEntry

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I'll try to take notes to build my understanding (as I might build more-efficiently by reading it all and only trying to understand it when I finish ... which brings up 'why people don't believe The Bible---because they don't understand "each individual section," and so they reject "the whole system" ... I digress ...)

• It seems like the basis of blockchain is that it's a 'distributed database'---where you don't have to have ALL the data on one machine (like ALL the accounts recorded on the computer of a bank), but rather only one 'block' of data ... that's somehow kept track-of by all the other 'blocks on the chain' connected to the machine (or Node) holding that one 'block.'
• The data on your 'block' is verified through "the agreement of the majority of 'blocks on the chain'" (called a Governance)
• That's where Cryptography comes in---the 'block of data' on my Node is only valid if 'the encoded blocks on a majority of other nodes on the chain' validate it.

I come to their report on #DeFi (Decentralized Finance), and this is where 'the Skeptic in me' starts to pattern-after The Aggressive Atheists (not the Atheists who just 'don't believe in God, and simply dismiss "the ridiculousness of Theists" as childish dreams,' but the Atheists who attack Theists' illogical beliefs), because DeFi strikes against "The Thing that makes money 'Worth money!'

When money first-started, it was only 'notes from the bank (where the original money-holder put the treasure (Gold, Silver, Platinum, Gems, etc.) they found).' That money was 'worth money' because--while it was usually just passed to others in exchange for goods-&-services (which is where "kids today" think money comes-from)--it could be taken to the bank and redeemed for the precious-metals that were stored there.

That used to be true of money in America ... I think it changed 'before I was born,' but you could go to any FDIC-guaranteed bank in the country, and trade-in your cash for 'an amount of Gold' (where we get the idea of 'Gold-Standard'). But--through a decision to make 'the valuable hours of human life' (rather than 'shiny rocks in the ground') the treasure we trade-in to receive the |promissory-notes we can trade for goods-&-services--'Gold-Standard' became worthless compared to "Honest Day's/Days' Employment"-standard.

Maybe that's the validation-basis of Blockchain---like 'punching the clock' validated the valuable time you were trading in to soon-receive currency in exchange, 'posting your blog/comment/sign-in' validates "the valuable energy you spend obsessing over your community" (or something).

Yeah, 'that energy' might be the way-too-much electricity spent in (what they call) Mining ... which Bill Maher tells us is more of an 'energy-wasting cyber-lottery (where one machine generates a random number and the machines that are "mining" guess at that number, and "getting the number right" somehow translates to money for the right guesser.'' ... I don't know where he gets that idea ...)