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Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by stefano on Sunday March 19, 2017 @11:14AM (#13907545)
Yeah,you also need enough people willing to mine (and spend a lot of money doing so) your pork chops blockchain, otherwise anyone could come along and do a 50% attack.
Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by bluejekyll on Sunday March 19, 2017 @11:20AM (#13907592)
Yeah. Isn't this a major problem with all of these alternative implementations? The 50% problem will always be an issues in small deployments.

It's still a problem in the largest deployment. Does anyone have a "solution" to this?

In this specific case, it seems like what they really should do is have a set of trusted nodes for ledger replication.

Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by bizzleDawg on Sunday March 19, 2017 @11:46AM (#13907773)
Surely the best antidote to the 51% attack is to have a large population of nodes so that an attack would have to be prohibitively large?

W.r.t. having a set of trusted nodes, that's fine, however does the blockchain add anything in this situation?

Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by bluejekyll on Sunday March 19, 2017 @12:25PM (#13908005)
No. That's actually my point. This industry probably doesn't want to invest in always having 51% of the nodes, so trusted central ledgers makes more sense to me.
Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by sanswork on Sunday March 19, 2017 @02:06PM (#13908671)
The solution is to not use PoW.
Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by sanswork on Sunday March 19, 2017 @02:06PM (#13908666)
Private chains don't depend on PoW.
Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by 0x0 on Sunday March 19, 2017 @07:26PM (#13910451)
Isn't PoW the defining characteristic of a blockchain?
Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by sanswork on Sunday March 19, 2017 @08:47PM (#13910842)
Just to give a bit more detail with a blockchain you need some way to limit who can create a new block since you can change history by building a chain on an earlier block if you can create as many blocks as you want. In public networks this is hard since people can create as MD Danny accounts as they want so PoW which limits who can submit by resource usage or something similar is needed. In a private network you know all the participants so you can achieve the same result with something as simple as round robin.
Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by 0x0 on Monday March 20, 2017 @06:01AM (#13912891)
To me that feels like just a general consensus database problem, which has been solved a long time before bitcoin came along and "blockchain" gained mindshare. It appears "private blockchain" is mostly trying to ride the buzzword hype if it doesn't incorporate the new ideas and solutions that Satoshi presented, which is mostly about generating consensus for a ledger among a set of anonymous and possibly hostile peer-to-peer nodes on a public network?
Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by sanswork on Monday March 20, 2017 @10:28PM (#13919379)
Right so it's just a different way to solve the problem.

Satoshi didn't coin the term blockchain and they existed for a long time before bitcoin so giving him sole claim to it because it paired it with a feature that isn't specifically required to have a blockchain seems silly.

That said I do agree that their are a lot of buzzword vultures using it at the moment for stupid business ideas though I think 99% of the bitcoin business ideas are poorly thought out and poor replacements for existing solutions("but with bitcoin!") so it's no surprise 99% of the blockchain ones are too.

Re:Blockchain: A Better Way to Track Pork Chops, Bonds, Bad ... by sanswork on Sunday March 19, 2017 @08:14PM (#13910696)
No, it is just a good(the best?) way to do public blockchains.