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Wouldn't a bank be able to do a hard fork a la ethereum? Since it would be a completely private system, they would have total control and it seems this would fu
by alexeldeib 10y ago
Wouldn't a bank be able to do a hard fork a la ethereum? Since it would be a completely private system, they would have total control and it seems this would fulfill (2) in your comment. Or am I confusing the purpose of the technology?
- wolf550e 10y agoI don't know how they plan to run this thing. If it's owned and operated by a single bank and just acts as an API to the bank, they can hard-fork it every day. But that doesn't seem useful. If they plan to create a system where they don't own a majority, they lose the ability to hard-fork.