2 ms·
Why would parties that trust each other, and don't let anyone untrusted in, have a need for trustless consensus?
by runeks 9y ago
Why would parties that trust each other, and don't let anyone untrusted in, have a need for trustless consensus?
- monocasa 9y agoBecause despite the fact that they trust each other more than any random shmuck, they don't completely trust eachother?
- paulrd 9y agoTrust isn't a binary relationship. Computer security is hard. I trust people to try their best to not get hacked or not to get kidnapped and tortured, but alas it sometimes happens. I'm surprised no-one has mentioned that the only reason to use a block chain is to achieve byzantine fault tolerance. Casper is trying to solve much the same thing that has already been solved by Tendermint but with different trade-offs (CAP theorem trade-offs).
- dismantlethesun 9y agoWell banks don't necessarily trust their international partners for example totally. Smaller banks fo instance have a lot of trouble sending unsecured wires. With the block chain it would be possible to have more trust on the amount of funds another bank has available.