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> In fact, the Bloomberg system is a blockchain, just instead of having the users control it, we control it, but it has all the attributes of that. Thus provin

by teilo 9y ago

> In fact, the Bloomberg system is a blockchain, just instead of having the users control it, we control it, but it has all the attributes of that. Thus proving that whatever he thinks about Bitcoin, Michael Bloomberg is clueless about the blockchain.

zitterbewegung 9y ago
Actually they might be running a separate Blockchain to manage their side. Similar to https://github.com/jpmorganchase/quorum https://github.com/jpmorganchase/quorum which uses raft con sensus. He is being confusing though and you could be right so...
- stuffedBelly 9y ago
  They are not running a separate Blockchain and equating their system with how Blockchain works is quite misleading. I work in finance and use Bloomberg's system daily. It's essentially an online data provider/analytics platform running in a terminal-like environment. I don't think they would sneak in a private Blockchain without clients knowing about it. Even if they would, what for?
  - lifty 9y ago
    I wouldn't be surprised if someone in the IT department explained to him that they are using some kind of consensus based mechanism (zookeeper, etcd, consul etc), that works just like a blockchain, to manage the bloomberg infrastructure. He then goes on tv and tells the world that bloomberg is using The Blockchain. Just wild speculation but its seems plausible to me. Edit: a quick google lead me to Bloomberg's consul deployment cookbook: https://github.com/bloomberg/consul-cluster-cookbook/blob/master/README.md https://github.com/bloomberg/consul-cluster-cookbook/blob/ma...
    - blueprint 9y ago
      zookeeper, etcd, and/or consul function according to something only trivially different from Nakamoto Consensus? That would be news to me. His IT dept must have misinformed him.
Florin_Andrei 9y ago
Why can't they run an internal blockchain?
- lallysingh 9y ago
  If you're a single entity, your don't need a block chain. Just a list.
- UncleMeat 9y ago
  Because that's just a merkle tree.
- firethief 9y ago
  Why can't a fish wear swimfins? A blockchain is a solution to the problem of establishing consensus without relying on an authority. If your systems relies on trust in an authority, adding a blockchain is good for one thing: marketing.
  - dragonwriter 9y ago
    You just provided a reason to use a block chain, not a reason that it is implausible. Whether or not it is something you think of as a good reason, “marketing” is a real reason things get done in businesses.
deleted 9y ago
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by teilo 9y ago

zitterbewegung 9y ago

Actually they might be running a separate Blockchain to manage their side. Similar to https://github.com/jpmorganchase/quorum https://github.com/jpmorganchase/quorum which uses raft con sensus. He is being confusing though and you could be right so...

stuffedBelly 9y ago
They are not running a separate Blockchain and equating their system with how Blockchain works is quite misleading. I work in finance and use Bloomberg's system daily. It's essentially an online data provider/analytics platform running in a terminal-like environment. I don't think they would sneak in a private Blockchain without clients knowing about it. Even if they would, what for?
- lifty 9y ago
  I wouldn't be surprised if someone in the IT department explained to him that they are using some kind of consensus based mechanism (zookeeper, etcd, consul etc), that works just like a blockchain, to manage the bloomberg infrastructure. He then goes on tv and tells the world that bloomberg is using The Blockchain. Just wild speculation but its seems plausible to me. Edit: a quick google lead me to Bloomberg's consul deployment cookbook: https://github.com/bloomberg/consul-cluster-cookbook/blob/master/README.md https://github.com/bloomberg/consul-cluster-cookbook/blob/ma...
  - blueprint 9y ago
    zookeeper, etcd, and/or consul function according to something only trivially different from Nakamoto Consensus? That would be news to me. His IT dept must have misinformed him.

Florin_Andrei 9y ago

Why can't they run an internal blockchain?

lallysingh 9y ago
If you're a single entity, your don't need a block chain. Just a list.
UncleMeat 9y ago
Because that's just a merkle tree.
firethief 9y ago
Why can't a fish wear swimfins? A blockchain is a solution to the problem of establishing consensus without relying on an authority. If your systems relies on trust in an authority, adding a blockchain is good for one thing: marketing.
- dragonwriter 9y ago
  You just provided a reason to use a block chain, not a reason that it is implausible. Whether or not it is something you think of as a good reason, “marketing” is a real reason things get done in businesses.

deleted 9y ago

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