On Wed, Sep 16, 2015 at 4:25 PM, Tao Effect <[email protected]> wrote:
> Yes, there are definitely improvements to be made in all blockchain > styles, and there are tradeoff’s everywhere. > > Tendermint’s tradeoff’s are at least: > > - The blockchain could come to a halt (stop updating). Was this addressed? > - The blockchain is less permissionless because it is Proof-of-Stake, not > Proof-of-Work, so it’s possible that an adversary could purchase perpetual > ownership of the blockchain. > Does Bitcoin address what happens once 51%+ does become malicious? What happens then? The blockchain is less permissionless because a random arbitrary actor with more mining power can come in at any time and do as it will? Tendermint is immune to strange third parties that tries to impose its will. We should try to define what "permissionless" really means -- when you dig into it, you will find that Bitcoin offers nothing.
_______________________________________________ Messaging mailing list [email protected] https://moderncrypto.org/mailman/listinfo/messaging
