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A comment on Tech and Banking Giants Ditch Bitcoin for Their Own Blockchain. Parent comment

Re:Tech and Banking Giants Ditch Bitcoin for Their Own Block... by sanswork on Thursday December 17, 2015 @08:39PM (#10756048)
How is it trivially DOS'd? You don't need to share all your private data just the data about transfers using the system which isn't going to be particularly sensitive unless you are in a bad way financially and will be worth it to minimize the amount of settlements required of your business.

I'm new to blockchains? I'm pretty sure I'm not.

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Re:Tech and Banking Giants Ditch Bitcoin for Their Own Block... by brighton36 on Thursday December 17, 2015 @08:40PM (#10756052)
Look into paxos and raft attacks. You don't know enough about this science to promote it as the cure for what ails you.

As for sharing information - youre right... if you don't use blocks

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Re:Tech and Banking Giants Ditch Bitcoin for Their Own Block... by sanswork on Thursday December 17, 2015 @08:45PM (#10756072)
"RR is trivial to DOS look at these two other schemes and the fact you didn't means you don't know what you're talking about".

I think we're done here. You're not doing anything but saying Nu uh! and calling me a liar.

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Re:Tech and Banking Giants Ditch Bitcoin for Their Own Block... by brighton36 on Thursday December 17, 2015 @08:58PM (#10756123)
So you're telling this forum that the innovation here is round robin signing of network state.(not even a decent trusted consensus system like raft) I can't imagine that any halfway competant programmer in here will buy this as anything more than a trivial code construction.

Here's what will happen to your database: it'll drop the blocks and revert to a message passing infrastructure. Which is fine and good - but not in any way related to a blockchain.

[ Parent | on HN ]