31 Mar '17, 10am

Private Blockchains for Bitcoin Maximalists

Private Blockchains for Bitcoin Maximalists

Martin Hagelstrom is a bitcoin enthusiast, project executive and consultant working on IT projects at IBM. In this opinion piece , Hagelstrom takes on the private vs public blockchain debate, arguing that, while bitcoin may be a more interesting technology, private blockchains offer real business utility. I'm sure reading the comments on this piece won't be pretty... There are countless blog posts describing what a blockchain is , and particularly what private blockchains are, but you may notice the funny fact that none of them agree with each other. I won't try to give another definition. Instead, I will try to add some more fuel to the fire. Private blockchains make sense, and yes, I intend to argue that point even though I consider myself a bitcoin maximalist. Now, let me address some of what I expect will be your key arguments: 'Private blockchains are not as secure as...

Full article: http://www.coindesk.com/private-blockchains-bitcoin-maxim...

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