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Answer to 95% of the above questions: have a trusted central authority and permissioning. Then you can trivially scale, increase privacy, keep it small and secu
by FabHK 5y ago
Answer to 95% of the above questions: have a trusted central authority and permissioning. Then you can trivially scale, increase privacy, keep it small and secure, and prevent attacks.
- cinntaile 5y agoThat's why they're not researching how to do it when you have a trusted central authority and permissioning. Come on man, this kind of comment doesn't add value to the discussion at all. You can do better than this.
- FabHK 5y agoYou'd be surprised, though, how often people forget that. Working without a trusted central authority and permissioning is extraordinarily expensive and wasteful. Think about it, the actual useful compute power of Bitcoin (or Ethereum) is about what one average computer can do. But because of massive duplication (can't trust the other one) plus PoW, you need around 100,000,000 times the compute power. The real question then is when or under what circumstances it is worth it, and that question is not being asked enough.