Post
Topic
Board Archival
Re: delete
by
smooth
on 08/10/2014, 18:31:34 UTC
Let me reformulate:
Why screw around with on chain [...] when an off chain [...] solution. (sic)

[...] Why? You are putting information about your identity on a PUBLIC LEDGER!!

[...]

More importantly, why are you doing it when there are other options?

Having stuff on a public ledger is obviously a requirement for anything that is based on a decentralized consensus.

That is a pathetic argument.

It isn't a pathetic argument. One of the advantages of a distributed ledger is that it is broadcast. Thus it is impossible to tell who is reading it. That adds a lot of anonymity right there, compared to solutions that involve some sort of routing. Because any sort of routing is a big red arrow pointing right at you. A lot of the snake oil coins rely on randomizing a bunch of stuff ("pick random nodes!") and claim that works because it sounds secure to non-experts, but without carefully thinking about the range of possible attacks such as sybil attacks or economic attacks on the nodes.

A distributed ledger system by its effectively broadcast nature removes even the possibility of any or all of these "nodes" being compromised.

Why would you risk it?