News for hackers. Stuff that matters.
Re:Wall Street rethinks blockchain projects as euphoria meet... by mirekrusin on Thursday March 29, 2018 @11:43AM (#16707954)
PoW is just one of available consensus algorithms. Blockchain doesn’t imply decentralised consensus, you can run it on paxos, raft, authority round or something else, especially for internal, private or semi-private networks. What you get is trail log with proofs that’s immutable and strongly protected against temper.
Re:Wall Street rethinks blockchain projects as euphoria meet... by hudon on Thursday March 29, 2018 @11:48AM (#16707991)
If your definition of "blockchain" is any distributed database with signed rows and a public read-only API, it's miles away from what Satoshi was talking about... Why don't you just call it a "distributed database with signed entries" or something.
Re:Wall Street rethinks blockchain projects as euphoria meet... by dilyevsky on Thursday March 29, 2018 @11:59AM (#16708092)
or simply "git"
Re:Wall Street rethinks blockchain projects as euphoria meet... by majewsky on Thursday March 29, 2018 @12:59PM (#16708665)
When meeting my company's Head of Blockchain (not sure if the pun is intended) a while ago, I asked him if git would qualify as blockchain technology. He replied that "blockchain is not a technology, It's a paradigm shift". Literally. That statement was so absurd I didn't even know what to say, so it worked out well for him.
Re:Wall Street rethinks blockchain projects as euphoria meet... by radicalbyte on Thursday March 29, 2018 @01:38PM (#16709097)
This is exactly what's driving my skepticism. The people who I've met who are most vocal about "blockchain" are also the ones who know little to nothing about the algorithm itself (and algorithms in general).
Re:Wall Street rethinks blockchain projects as euphoria meet... by s73v3r_ on Thursday March 29, 2018 @01:21PM (#16708904)
That is exactly the kind of thing I would expect to hear from a "Head of Blockchain". Your company made a great hire, and they will clearly push the boundaries of marketing bullshit with regard to blockchain.
Re:Wall Street rethinks blockchain projects as euphoria meet... by dilyevsky on Thursday March 29, 2018 @02:17PM (#16709531)
I’m with on that but i feel like the punchline of that story should be “my company has a Head of Blockchain”.
Re:Wall Street rethinks blockchain projects as euphoria meet... by smacktoward on Thursday March 29, 2018 @03:00PM (#16710058)
In their defense, they tried the title "Blockhead" first but that didn't look as good on the résumé.
Re:Wall Street rethinks blockchain projects as euphoria meet... by darpa_escapee on Thursday March 29, 2018 @04:42PM (#16710850)
Please start a blog and write more about what goes on in this company.
Re:Wall Street rethinks blockchain projects as euphoria meet... by FireBeyond on Thursday March 29, 2018 @09:01PM (#16712755)
Whenever I hear someone say that, I'm reminded of this Dilbert strip: http://dilbert.com/strip/1995-08-25
Re:Wall Street rethinks blockchain projects as euphoria meet... by dozzie on Thursday March 29, 2018 @04:07PM (#16710589)
> PoW is just one of available consensus algorithms.

No, because blockchain is not a consensus protocol.

Re:Wall Street rethinks blockchain projects as euphoria meet... by sadgit on Thursday March 29, 2018 @07:33PM (#16712221)
Blockchain does imply a consensus protocol, though. Thats what the block is for.
Re:Wall Street rethinks blockchain projects as euphoria meet... by dozzie on Friday March 30, 2018 @09:07AM (#16715734)
No, very much not. There is no such thing as consensus in blockchain. Can you (you in particular) even define the term "consensus"? Can you explain how does your definition relate to what is commonly used in computer science and how it works with the impossibility proofs?