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There are barriers to entry, for the miners - that's the whole point of having a closed block chain. Nodes and addresses could be open depending on the hypothe

by bduerst 11y ago

There are barriers to entry, for the miners - that's the whole point of having a closed block chain. Nodes and addresses could be open depending on the hypothetical. Mass decentralization is only a selling point for Bitcoin, but even then the Bitcoin organization (who controls the code) has authority to push a hard fork on the miners. They won't do it obviously (e.g. increase block size), because it would alienate their user base. Miner validation can be controlled by the same organization in charge of the code, which isn't aligned with any one competitor in the industry.

CydeWeys 11y ago
The only barrier to entry for a Bitcoin miner is that you have to have an Internet connection and a computer. That is completely decentralized; anyone can buy a computer and Internet access. I don't understand your point. Surely any system you were proposing would require that as well. Your comment was talking about a blockchain amongst "organizations in an industry that validate transactions amongst each other". That seems like it would require a barrier to entry to me, namely, that you would have to validate to someone that you were actually so-and-so organization in so-and-so industry. Can you more fully flesh out your proposal? I'm seeing additional barriers to entry, requiring centralization, that Bitcoin does not have. In practice you probably want a special purpose computer that is GOOD at calculating SHA256 hashes. But anyone can acquire these without limitation or restriction.
- bduerst 11y ago
  Hard forks push changes to the protocol from a centralized location, namely the bitcoin organization. You know how hard forks work, right? It's not a "vs. bitcoin" comparison... just an example of how organizations in an industry would use block chain to store numerous small transactions, instead of a decentralized database.
  - CydeWeys 11y ago
    You keep deflecting and not answering my questions and it's getting really annoying. I'm not going to keep responding to all of your tangents when you can't even address a single one of my points. Please respond to what I've been saying in a relevant manner, then I'll respond to your other stuff.
    - bduerst 11y ago
      I've been telling you that you're making the wrong assumptions about blockchain applications because you're assuming it has to be based on bitcoin designs. Again, a closed blockchain doesn't require it to be open to the public for miners. If you're getting frustrated and think that is deflecting then it's possible you have a cognitive bias.

by bduerst 11y ago

CydeWeys 11y ago

The only barrier to entry for a Bitcoin miner is that you have to have an Internet connection and a computer. That is completely decentralized; anyone can buy a computer and Internet access. I don't understand your point. Surely any system you were proposing would require that as well. Your comment was talking about a blockchain amongst "organizations in an industry that validate transactions amongst each other". That seems like it would require a barrier to entry to me, namely, that you would have to validate to someone that you were actually so-and-so organization in so-and-so industry. Can you more fully flesh out your proposal? I'm seeing additional barriers to entry, requiring centralization, that Bitcoin does not have. In practice you probably want a special purpose computer that is GOOD at calculating SHA256 hashes. But anyone can acquire these without limitation or restriction.

bduerst 11y ago
Hard forks push changes to the protocol from a centralized location, namely the bitcoin organization. You know how hard forks work, right? It's not a "vs. bitcoin" comparison... just an example of how organizations in an industry would use block chain to store numerous small transactions, instead of a decentralized database.
- CydeWeys 11y ago
  You keep deflecting and not answering my questions and it's getting really annoying. I'm not going to keep responding to all of your tangents when you can't even address a single one of my points. Please respond to what I've been saying in a relevant manner, then I'll respond to your other stuff.
  - bduerst 11y ago
    I've been telling you that you're making the wrong assumptions about blockchain applications because you're assuming it has to be based on bitcoin designs. Again, a closed blockchain doesn't require it to be open to the public for miners. If you're getting frustrated and think that is deflecting then it's possible you have a cognitive bias.