Comment on Maybe Blockchain Really Does Have Magical PowersparentComments−jcoffland10yIf a private blockchain forks how do you decide which one was the cheaters branch and which one legit?−wmf10yThe legit branch is signed/vouched by at least (N/2)+1 parties and the cheating branch has less than (N/2)-1.−jcoffland10ySo groups of banks get to vote on what is true or not. How could that ever fail. /s−petra10yIf that is viewed as a failure-mode before deployment, they can add servers at neutral bodies like courts, etc.
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If a private blockchain forks how do you decide which one was the cheaters branch and which one legit?
The legit branch is signed/vouched by at least (N/2)+1 parties and the cheating branch has less than (N/2)-1.
So groups of banks get to vote on what is true or not. How could that ever fail. /s
If that is viewed as a failure-mode before deployment, they can add servers at neutral bodies like courts, etc.