Another Buterin Atack - This time is on Private & Public Chains

odolvlobo

legendary

Activity: 4438

Merit: 3387

Quote from: SimpleIn on August 09, 2015, 05:09:53 PM

Interesting opinions!

Source: http://www.coindesk.com/vitalik-buterin-on-public-and-private-blockchains/

What do you think?

I don't know why you characterize the article as an "attack".

Anyway, the idea of a "private" block chain makes little sense to me. If you trust all the participants, then what is the advantage of a block chain database over any other kind of distributed database?

TPTB_need_war

sr. member

Activity: 420

Merit: 262

Quote from: SimpleIn on August 09, 2015, 05:09:53 PM

Source: http://www.coindesk.com/vitalik-buterin-on-public-and-private-blockchains/

I have developed a design that has all the advantages Vitalik describes for private block chains, but on a public block chain.

The scalability white paper he linked to in that article is a more abstract and generalized description of the scalability design I had also invented around the time he published this paper. This is the first time I've seen this research.

Afaics his abstract paper does not deal with some of the intricacies of the economics that have to be solved in order to make the design actually work in the real world. Also he apparently hasn't realized that it is possible to filter out a 51% attack.

SimpleIn

member

Activity: 84

Merit: 10

Interesting opinions!

Source: http://www.coindesk.com/vitalik-buterin-on-public-and-private-blockchains/

What do you think?

Topic: Another Buterin Atack - This time is on Private & Public Chains (Read 551 times)