id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
blog-dshr-org-2064		DSHR's Blog: Why Decentralize?			.html	text/html	5174	517	66	(paywalled until June '18) Radia Perlman asks what exactly you get in return for the decentralization provided by the enormous resource cost of blockchain technologies? The result is, as Buterin points out, that the vaunted attack resistance of proof-of-work blockchains like Bitcoin's is less than credible: As a result, the Bitcoin blockchain cannot process as many transactions per second as a traditional payment network such as PayPal or Visa. Nobody has discovered any way to greatly increase the computational scalability of the Bitcoin blockchain, for example its transaction throughput, and demonstrated that this improvement does not compromise Bitcoin's security. Given the objective 51% hashrate attack limit to some important security goals of public blockchains like Bitcoin and Ethereum, we actually do care about the distinguishable identity of the most powerful miners to answer the question "can somebody convince and coordinate the 51%?	./cache/blog-dshr-org-2064.html	./txt/blog-dshr-org-2064.txt