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I know it’s probably too simplistic, but this interview really resonated with me:

https://www.currentaffairs.org/2022/05/why-this-computer-sci...

In all honesty I can see people being enthusiastic about crypto as a “get rich quick” scheme (at the expense of less fortunate people but soit) - but how people can see crypto as the future of money with a worldwide ~10 TPS throughput and every transaction on a public blockchain is beyond me.



The transaction limit and public-ness of transactions are implementation details of certain blockchains. There are blockchains with much better TPS, and blockchains where transactions are not public.


Okay so how can you have a payment system where:

- Transactions are on a decentralized blockchain

- That blockchain is however not public

- That blockchain allows for high(er) TPS

- That blockchain isn’t vulnerable to easy fraud

Am I missing a trade-off here?


Decentralization (and therefore fraud risk through things like doube spend).


Yes - you're missing "mathemagic" :) And a variety of independent engineering solutions which are largely independent of the mathemagic(think sharding or something like the lightning network).

Check out ZCash for an example of non-public, decentralized block chain.




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