9 ms·
No, I'm saying the authority would provide resources to enable transactions, not an authority that controls transactions, which is actually what the distributed
by xigency 10y ago
No, I'm saying the authority would provide resources to enable transactions, not an authority that controls transactions, which is actually what the distributed network of miners does in the case of Bitcoin.
In this case, the authority would provide stamps for transactions.
- stale2002 10y agoAaaand what if that authority refuses to provide resources to transactions it doesn't like? That's why bitcoin is decentralized. To prevent something like that.
- xigency 10y agoWell, ideally there would be a scheme where the authority facilitating transactions (with timestamps in this case) wouldn't be provided identifying information.