Update 1_0_Introducing_Bitcoin.md

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Shannon Appelcline 2017-04-26 16:37:30 -07:00 committed by GitHub
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@ -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.