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That's nice to state, but it simply isn't true. JPMorgan controls access to the network, but once you're in the network, you're now on equal footing with them.
by darawk 8y ago
That's nice to state, but it simply isn't true. JPMorgan controls access to the network, but once you're in the network, you're now on equal footing with them. If you want to, you and the other participants can fork away from JPMorgan and do your own thing. JPMorgan controls the network only in the sense that they initially extend invitations.
- ric2b 8y agoCan't they revoke the invitation whenever they feel like?
- darawk 8y agoI suppose they could revoke access to their own node, the same way any Bitcoin miner can. But I don't think they can revoke access to the other nodes.
- ric2b 8y agoSo JP Morgan would see some state for the accounts and the clients would see something else if they disagreed with JPM? Doesn't seem like a viable consensus algorithm.