Re:Blockchains are the new Linux, not the new Internet
by runeks on Sunday May 28, 2017 @03:41PM
(#14435766)
Why would parties that trust each other, and don't let anyone untrusted in, have a need for trustless consensus?
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Re:Blockchains are the new Linux, not the new Internet
by paulrd on Sunday May 28, 2017 @08:19PM
(#14436716)
Trust isn't a binary relationship. Computer security is hard. I trust people to try their best to not get hacked or not to get kidnapped and tortured, but alas it sometimes happens. I'm surprised no-one has mentioned that the only reason to use a block chain is to achieve byzantine fault tolerance. Casper is trying to solve much the same thing that has already been solved by Tendermint but with different trade-offs (CAP theorem trade-offs).
Re:Blockchains are the new Linux, not the new Internet
by dismantlethesun on Sunday May 28, 2017 @08:23PM
(#14436728)
Well banks don't necessarily trust their international partners for example totally. Smaller banks fo instance have a lot of trouble sending unsecured wires. With the block chain it would be possible to have more trust on the amount of funds another bank has available.