Bitcoin Q&A: Why Permissioned Blockchains Fail Video

Do private, permissioned blockchains make sense or have value? What interesting features will they lack? What consensus issues will they have? Which permissioned blockchain projects have failed so far?

Chapters
0:00 What criteria would you suggest to determine whether a task or function is better executed on a permissionless blockchain, as compared to a centralized system?
1:01 Bitcoin is a system that provides the immutability guarantee
3:44 In an environment of federated signing, you have the problem that the signers are usually competitors
4:42 However, in a permissioned system, if the federated participants are acting in their own self-interest, you have a problem because they can be identified and coerced
6:30 Theoretically, permissioned blockchains with federated signing based on a common standard would bring the industry together, create more collaboration

These questions are from the July monthly Patreon session, which took place on July 28th 2018 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

Subscribe to the channel to learn more about Bitcoin & open blockchains!

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