[prestonjbyrne]

True. But with an Eris chain mining doesn't need to happen.

We've taken consensus and security logic which is usually baked in to a blockchain protocol and moved it into into a smart contract kernel of the genesis block - and seeing as you can script whatever the heck you want there (as the Thelonious design is smart contract-capable), you can set the security parameters to whatever you want. E.g., specify that only certain nodes known to the administrator can process data.

This isn't a blockchain to be used in currency applications - but in data management, and application-specific data management at that. Developers can parameterise a Thelonious framework to do whatever they need it to do. Think of a social network or a corporate interactive application. In such cases it's the usefulness of the database in efficiently administering data and blockchain fault-tolerance, not token rewards, which would meant to be the primary incentive for adoption.

We have rather a lot of writing on the subject - please do check out some of our blog posts! https://blog.erisindustries.com/products/2014/12/17/on-3p/