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Re:The Blockchain Is Bigger Than Any Bubble by southpawflo on Thursday November 30, 2017 @01:37PM (#15818253)
with today's privacy and security concerns, for any new project, would starting from a position of anonymous trust despite the increased resource requirements really be a downside? I ask as an outsider to the industry. I do understand that blockchain tech doesn't need to be slapped onto everything, but from my perspective it seems the benefits generally outweigh the detriments - at least so far
Re:The Blockchain Is Bigger Than Any Bubble by betterunix2 on Thursday November 30, 2017 @02:26PM (#15818705)
The resource requirements are a massive downside, but they are only necessary for the "permissionless" model. In almost all cases it is equally good to use a permissioned model where the parties are all identified in advance, which completely avoids the need for proof of work (because there are no sybil attacks when everyone has a known and fixed identity).