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But who's going to abuse it? Why would it shut down indefinitely? This is a group of people or entities that has decided to do this. Presumably they all feel it
by to3m 11y ago
But who's going to abuse it? Why would it shut down indefinitely? This is a group of people or entities that has decided to do this. Presumably they all feel it's in their interests to make it work. Same as with any mutual agreement of this kind, if there's some kind of a falling-out, they'll probably just figure it out somehow.
(As for invalid blocks - in the absence of a bug in the code that runs the system, all validators will say no to the invalid block(s), so there's no disagreement, and things carry on.)
- CydeWeys 11y agoSo now we're back to having trusted parties only, and you thus have centralization, and don't need a blockchain at all. You just need signed transactions among trusted peers. We keep going round in circles.
- to3m 11y agoIt's only centralized from the point of view of somebody who isn't involved. Those who are involved most likely won't see it as such - since if they did, they'd have chosen some other mechanism. They don't need to trust one another.