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Do they know that all transactions will be public and great resource for competitors? Do they know that blockchain transactions need few confirmations to be tr

Do they know that all transactions will be public and great resource for competitors? Do they know that blockchain transactions need few confirmations to be trusted and mining takes time?

DennisP 9y ago
The clever way would be to use payment channels, then it's instant and somewhat private.
solotronics 9y ago
id I remember correctly the etherium blockchain adds a block every 10 seconds
iLoch 9y ago
No they probably didn't do any research before launching this project.
- davidgerard 9y ago
  You might be surprised how little research companies do before launching blockchain initiatives. After creating the Hyperledger consortium, IBM were actually surprised when it turned out business didn't want to share all their dealings with all their competitors, but only with the specific other business each deal is with: https://lists.hyperledger.org/pipermail/hyperledger-requirements-wg/2016-September/000012.html https://lists.hyperledger.org/pipermail/hyperledger-requirem... https://lists.hyperledger.org/pipermail/hyperledger-technical-discuss/2016-September/000391.html https://lists.hyperledger.org/pipermail/hyperledger-technica... The answer is, of course, that most "blockchain initiatives" are hypeware.
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- cashmonkey85 9y ago
  You sound like you are being sarcastic but Ethereum is a vaperware scam so yes they did not research the project.