If it is vulnerable to a trusted third party, it is a security hole, not a blockchain. http://nakamotoinstitute.org/trusted-third-parties/ …https://twitter.com/brynosaurus/status/848460374676578305 …
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Nick, big fan of your essays. Do you think there's *no* place for private blockchains at all? Can be a useful backoffice tool.
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I think of it as spectrum of tradeoffs: trustlessness vs efficiency. For some purposes, we may want to be on the middle of the axis.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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