Im not sure too be honest, I mean aren't most blockchains public. What is the purpose of a private blockchain. – To experience the benefits of a blockchain, with a lesser degree of security, without losing governance control. 👍
Economics evolve, All agents of production should share in the worlds dividend , this has'nt been the case. A decentralised system will enhance the possibility of equity for all – Yes!
privacy can be broken more easily – Yeah, it will suck. 😔
Mainstream institutions will not adopt public – Yeah, they want a greater degree of control.
because they give back the power to the people... – Yep 😉
The block chain is the block chain. If there is consensus security methods, why wouldn't one be as trustworthy as another. GIGO principle applies, also. – The question here is the degree of centralization with private chains.
i would trust decentralised public blockchain more.. its no brainer. – Me too. 👍
Because of disgusting people that use the anonymity for acts against children and trafficking women. I’m totally against it. – Valid point, but what about banks who deliberately take in business from drug cartels? Isn’t that equally as bad?
Both will be part of our future – Agree.
Public is always more cumbersome less efficient and in the end more expensive – Haaha not true. Centralization always comes with more costs. 🤑
Whole point of a blockchain is it being public, transparent. There are simpler ways to do it in private environments – Yeah…
It’s just the Model T Ford of the car industry, which when 1st released were only capable of doing about 20 miles per hour! Long way to go yet (5-10) years before widespread adoption, which will be driven by some type of Global Black Swan event. Even though we have Hong Kong Riots, never seen before levels of global debt, & now trade war gathering steam between China & US ... etc they are not Black Swan events because they only become known to us in hindsight. They are shocks to the system that we can’t foresee! - We will def see newer and more improved blockchains out there. The question is whether they will be adopted. There are already coins that have better tech than BTC, or protocol coins that have better tech than ETH, but do you see them being adopted? 😉