If Ethereum is going to implement Zk-Snarks, and there's already an enterprise alliance with the Ethereum Foundation, and Ethereum offers benefits like smart contracts and so on, why would enterprises use ZSL? (Genuine question)
ZSL: Zk-Snarks for the Enterprise
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Re: ZSL: Zk-Snarks for the Enterprise
#12Stross fans will know what I mean when I say this nomenclature sounds like something out of "A Colder War" [1]. Those who don't know what I mean are strongly encouraged to follow that link, at the far end of which is a rather good piece of short fiction that answers the question: "What if Lovecraft was right - and Kubrick, in Dr. Strangelove , was right, too?" Better a ZK-SNARK than an XK-BOOJUM, I suppose... [1] htt…
I think thats just a particular naming style used by people like the CIA:
https://en.wikipedia.org/wiki/CIA_cryptonym
e.g. MKUltra - the MK tells you it was sponsored by the Technical Services Division
The UK had Rainbow Codes:
https://en.wikipedia.org/wiki/List_of_Rainbow_Codes
e.g. Blue Bunny - a 10kt nuclear mine
Edit: I agree that A Colder War is superb - wonderfully bleak ending (if you like that kind of thing).
Re: ZSL: Zk-Snarks for the Enterprise
#13Earlier quoted context omitted.
With distributed blockchain enterprises can make use of each others assets without actually a single party dominating, and with zls layer over distributed block chain they can make use of each others confidential assets without actually disclosing the secrets. Like a customer of one bank can prove his credit history to another bank without actually giving his credit history. A patient of one hospital proving his medi…
The problem with these examples is that the literature is filled with alternative protocols that accomplish the same task without the deadweight of the blockchain. This seems to be a solution in search of a problem with the added cost of "let's make it anonymous because we are cool" without tangible upside. If you start from the assumption that we are all mutually distrustful, adversarial entities it may make sense,…
Blockchains are ponzis. You need them so that you can offload yourr risk onto the community and exit your project profitably. Non-blockchain investments don't offer that feature.
Re: ZSL: Zk-Snarks for the Enterprise
#14Earlier quoted context omitted.
What makes Zcash a ponzi in your eyes?
There is zero non-speculative users. The only reason to buy zcash is to sell to greater fools. Early investors are paid by later investors.
Assuming that's true doesn't preclude other uses in the future. Zcash and ZK-Snarks are still very young.
Re: ZSL: Zk-Snarks for the Enterprise
#15Earlier quoted context omitted.
With distributed blockchain enterprises can make use of each others assets without actually a single party dominating, and with zls layer over distributed block chain they can make use of each others confidential assets without actually disclosing the secrets. Like a customer of one bank can prove his credit history to another bank without actually giving his credit history. A patient of one hospital proving his medi…
The problem with these examples is that the literature is filled with alternative protocols that accomplish the same task without the deadweight of the blockchain. This seems to be a solution in search of a problem with the added cost of "let's make it anonymous because we are cool" without tangible upside. If you start from the assumption that we are all mutually distrustful, adversarial entities it may make sense,…
To some extent we are mutually distrustful, adversarial entities and to overcome that we employ contracts, compliance , patents etc to minimize the distrust and this adds overhead of lawyers, lenghty paperwork etc. With blockchain we can solve the trust problem via crytographic means more efficiently.
Re: ZSL: Zk-Snarks for the Enterprise
#16Earlier quoted context omitted.
The problem with these examples is that the literature is filled with alternative protocols that accomplish the same task without the deadweight of the blockchain. This seems to be a solution in search of a problem with the added cost of "let's make it anonymous because we are cool" without tangible upside. If you start from the assumption that we are all mutually distrustful, adversarial entities it may make sense,…
Blockchains are ponzis. You need them so that you can offload yourr risk onto the community and exit your project profitably. Non-blockchain investments don't offer that feature.
Yes they do? Even fiat cash has that feature. So do stocks...
Re: ZSL: Zk-Snarks for the Enterprise
#17Re: ZSL: Zk-Snarks for the Enterprise
#18If Ethereum is going to implement Zk-Snarks, and there's already an enterprise alliance with the Ethereum Foundation, and Ethereum offers benefits like smart contracts and so on, why would enterprises use ZSL? (Genuine question)
- capitalist competition
- excersize of ones specialization
- different way to reach the goal
Re: ZSL: Zk-Snarks for the Enterprise
#19If Ethereum is going to implement Zk-Snarks, and there's already an enterprise alliance with the Ethereum Foundation, and Ethereum offers benefits like smart contracts and so on, why would enterprises use ZSL? (Genuine question)
- capitalist competition - excersize of ones specialization - different way to reach the goal
I mistakenly thought that there was some sort of relationship between ZEC's Zk-Snarks implementation and Ethereum's future one.
So yeah this makes sense.
Re: ZSL: Zk-Snarks for the Enterprise
#20I still haven't heard a convincing argument for why "the enterprise" would have any need for a distributed ledger in the first place. It always amounts to maybes and what-ifs. Usually, cooperating enterprises have a mutual trust in each other, or they wouldn't have entered into the partnership in the first place. A requirement for both trustlessness and anonymity doesn't make much sense in this context. As far as I c…
To clarify: I'm not arguing that blockchain technology is useless for enterprises. I'm requesting concrete examples of blockchain technology solving a specific B2B-issue better than existing technology. All I've heard so far are vague, theoretical examples, while no one seem able to point to a concrete B2B-issue, and explain how and why blockchain technology solves this issue more efficiently.