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What's a blockchain good for?
Thanks to @alessiosavi and a ghost for comments on blockchains in GH-27
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@ -112,7 +112,9 @@ Blockchains probably _will not_ be helpful if:
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* e.g.: Information should be secret.
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* e.g.: Transactions should be secret.
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* e.g.: Transactors should be secret.
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* Users need instant transaction finality, in less than an hour.
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* Unless: A methodology for cryptographic secrecy is carefully considered, analyzed, and tested
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* Users need instant transaction finality.
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* e.g., in less than 10 minutes on a Bitcoin-like network, in less than 2.5 minutes on a Litecoin-like network, in less than 15 seconds on an Ethereum-like network
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Do note that there may still be solutions for some of these situations within the Bitcoin ecosystem. For example, payment channels are rapidly addressing questions of liquidity and payment finality.
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