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Author Topic: [2016-05-12] Here’s What BTC Offers That Private Wall Street Blockchains Won´t  (Read 239 times)
LiteCoinGuy (OP)
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May 12, 2016, 08:14:56 PM
 #1

Here’s What Bitcoin Offers That Private Wall Street Blockchains Won’t

A panel at a recent cryptocurrency event hosted by the Cato Institute discussed the differences between public blockchains (such as Bitcoin) and the distributed ledger technology currently being researched by various Wall Street firms and consortiums. Although many people view consortium blockchains as competition for Bitcoin, the reality is that these systems are mostly intended for different use cases.

https://bitcoinmagazine.com/articles/here-s-what-bitcoin-offers-that-private-wall-street-blockchains-won-t-1463067769

Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Kprawn
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May 12, 2016, 08:37:23 PM
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Private permissioned ledgers will never have the same appeal for developers as public permissionless Blockchain technology. The days of proprietary code being used as surveillance tools are also

over... people want to know what they downloading and see what they using. Most of them cannot understand the code, but some of them do, and those people will keep things private for the rest,

who wants some privacy. These centralized private ledgers are also prone to attacks.. so security wise, Bitcoin and public Blockchains are still tops.  Grin

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