Friday, 6 November 2015

Permissioned Ledgers And The Case For Blockchains Without Bitcoin - Tim Swanson

Tim Swanson recorded this in June 2015 - an important addition to the Bitcoin blockchain debate:
One topic that is guaranteed to cause heated discussion among cryptocurrency enthusiasts is the idea that blockchains can be controlled by known validators and function without an underlying cryptocurrency. Some think this is a non-sensical idea fabricated by those spineless enough to want to appease regulators and but clueless enough to miss the whole point of cryptocurrencies. But others believe that Bitcoin is unsuited for a lof of ‘Bitcoin 2.0’ applications and that permissioned ledgers have wide-reaching potential to increase efficiency and transparency.
Tim Swanson takes part in an important discussion of permissioned ledgers. He’s among their best-known proponents and has recently published a whitepaper discussing how they work and looking at different startups in the space.
Topics covered included:
– Why the ‘blockchains without bitcoin’ idea is so controversial
– Why it is strange that KYC is done widely on Bitcoin users but not on the validators
– Why even semi-decentralized blockchains can provide big efficiency gains
– Why the 51% attack possibility is an obstacle for the use of the Bitcoin as a settlement network
– Why financial institutions don’t care about censorship resistance but do care about irreversibility

16 comments:

  1. Dear Blogger, it is strange but happy for me to find out that somebody is seriously pursuing blockchain in India. I am a crypto-currency researcher and running a facebook group "Money Frames" as a blockchain study group. I hope that you will respond. My email id is agarsunil@rediffmail.com and my phone number is 9888800322. Please connect

    ReplyDelete
  2. Needed to compose you a very little word to thank you yet again regarding the nice suggestions you’ve contributed here. xamarin training in Chennai

    ReplyDelete

  3. I would like to thank you for the efforts you have put in writing this site. I am hoping the same high-grade website post from you in the upcoming as well. In fact your creative writing skills has inspired me to get my own site now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

    beds

    ReplyDelete
  4. This was truly awesome. Thanks so much for this!! Keep Update and share your information Blockchain Online Course

    ReplyDelete
  5. Great post!
    Thanks for sharing this list!
    It helps me a lot finding a relevant blog in my niche!
    xamarin training course
    xamarin classes

    ReplyDelete
  6. Such an excellent and interesting blog, do post like this more with more information, this was very useful, Thank you.
    Aviation Academy in Chennai
    Aviation Courses in Chennai
    best aviation academy in chennai
    aviation training in chennai

    ReplyDelete
  7. CoinDesk
    https://www.coindesk.com/
    With over 10 million unique visitors, CoinDesk is the leading digital media, events and information service company for the crypto asset and blockchain technology community.

    ReplyDelete
  8. Bitcoinist
    http://bitcoinist.com/
    Bitcoinist is the prime source for information about Bitcoin, digital currency and blockchain technology. Bitcoinist provides up-to-date news and insightful analysis related to business news and technical price analysis to community events.

    ReplyDelete
  9. Bitcoinist
    http://bitcoinist.com/
    Bitcoinist is the prime source for information about Bitcoin, digital currency and blockchain technology. Bitcoinist provides up-to-date news and insightful analysis related to business news and technical price analysis to community events.

    ReplyDelete
  10. CoinDesk
    https://www.coindesk.com/
    With over 10 million unique visitors, CoinDesk is the leading digital media, events and information service company for the crypto asset and blockchain technology community.

    ReplyDelete
  11. CoinDesk
    https://www.coindesk.com/
    With over 10 million unique visitors, CoinDesk is the leading digital media, events and information service company for the crypto asset and blockchain technology community.

    ReplyDelete
  12. Bitcoinist
    http://bitcoinist.com/
    Bitcoinist is the prime source for information about Bitcoin, digital currency and blockchain technology.
    Bitcoinist provides up-to-date news and insightful analysis related to business news and technical price
    analysis to community events.

    ReplyDelete