diff --git a/1_0_Introducing_Bitcoin.md b/1_0_Introducing_Bitcoin.md index 3ca65c2..b6359b0 100644 --- a/1_0_Introducing_Bitcoin.md +++ b/1_0_Introducing_Bitcoin.md @@ -91,7 +91,7 @@ One way to think of blockchain is: _a linked series of blocks of non-changeable Blockchain has becomea popular buzz-word, but it's not a magic bullet for all technical problems. With that said, blockchains do have some very specific situations where it's a superior technology. -This includes when: +Blockchains probably _will_ be helpful if: * Users don't trust each other. * Or: Users are across various borders. @@ -103,3 +103,15 @@ This includes when: * Users want fast transaction finality. * But: Users don't need instant transaction finality. +Blockchains probably _will not_ be helpful if: + + * Users are trusted: + * If: transactions occur within a business or organization. + * If: transactions are overseen by a central authority. + * Secrecy is required: + * If: Information should be secret. + * If: Transactions should be secret. + * If: Transactors should be secret. + * Users need instant transaction finality, in less than an hour. + +Do note that there may still be solutions for some of these situations within the Bitcoin ecosystem. For example, payment channels are rapidly addresses questions of liquidity and payment finality.