news.ycombinator.com
Ask HN: Blockchainshttps://news.ycombinator.com/item?id=10032099More and more noise seems to be appearing about blockchains. I see the small benefit of use in transactions between organisations, but am struggling for the case for private blockchains and some points of cryptocurrency in general. I don’t know if this is the best place to ask, but everything online is full of jargon and is inaccessible to me.I have a few questions:- What are the benefits of using a private blockchain (should I be thinking of it as a replacement to a General Ledger?)? Is this just another name for a ledger with auditable history?- Can a blockchain exist without mining or without a currency/coin? Will all private blockchains need a “coin”? (eg the Goldman Sachs coin or ABC plumbing coin?)And another couple of broader questions- What keeps people interested in a blockchain (and currency) once all of the easy mining is done eg, for people joining later?- I see that transaction costs for bitcoin keep rising, is that related to the size of the blockchain?- I thought bitcoinAug 10, 2015 12:27 AM