Re: Nine of the World’s Biggest Banks Form Blockchain Partnership

On Thu, Sep 17, 2015 at 9:22 AM, Timothy Holborn
<timothy.holborn@gmail.com> wrote:
> Any calcs on the energy usage over any period of time?

Huh? you could run a ledger on a wall wart.

> Hostile situation?  Like that doesn't happen?

Not between business partners engaging in a joint venture, no it
doesn't. Or when it does it isn't due to any kind of
i've-got-more-CPUS-than-you size war.

Can anyone on this list explain what Holborn is talking about, with
energy use, graphs, and calculations, in the event that I am mistaken?

I understood the news item to mean that a consortium of existing
financial institutions have decided to switch to a more efficient
distributed ledger system instead of the current pretty efficient
already, at least compared with hauling precious metal in tall ships,
methods that they use, as a joint venture amongst some cooperating
partners.

The issues with a publicly connectible blockchain, including 51%
fraud, energy use associated with competitive mining, vanity and
testing noise, etc. are simply absent.

Received on Thursday, 17 September 2015 14:43:52 UTC