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Permission Blockchains vs. Public Blockchains
The chapter explores the concept of permission blockchains and their limitations, arguing that public blockchains like Ethereum are more likely to succeed in achieving widespread adoption and network effects. The speakers discuss the value of public blockchains in enabling disintermediated settlement among parties who don't know each other, as well as the potential for privacy solutions like Aztec. They also debate the need for a bridge between private internal systems and public blockchains.