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the moment you start using a private blockchain you miss the point of cryptocurrency. all of these enterprise coins make me laugh
by djohnston 8y ago
the moment you start using a private blockchain you miss the point of cryptocurrency. all of these enterprise coins make me laugh
- elif 8y agoThere are a lot of points of cryptocurrency. It's true a private chain has no protection against central control... however it does have protection against double-spends, mutable history, confirmation guarantees, etc.
- djohnston 8y agoright but all of those are more performantly implemented with a cluster of mysql replicas .. the protection against double spends is only as strong as the cluster of machines doing the hashing