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A comment on Cryptocurrency company Ripple says SEC lawsuit is imminent. Parent comment

Re:Cryptocurrency company Ripple says SEC lawsuit is imminent by ric2b on Tuesday December 22, 2020 @01:00PM (#25509147)
Distributed is not the same as decentralized.

A decentralized system is a distributed system that still works _when nodes are owned by multiple different (even competing/malicious) parties_.

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Re:Cryptocurrency company Ripple says SEC lawsuit is imminent by fastball on Tuesday December 22, 2020 @03:08PM (#25510581)
Exactly. In other words, a "trustless" system.

See the Byzantine Generals Problem[1].

[1] https://en.wikipedia.org/wiki/Byzantine_fault

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Re:Cryptocurrency company Ripple says SEC lawsuit is imminent by ForHackernews on Wednesday December 23, 2020 @08:21AM (#25517320)
yes, yes, I said that already: "...multiple independently-owned verification nodes..."
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