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It's computationally difficult for anyone to forge it. While the operators of archive.org could easily forge an old timestamp.
by ikeboy 11y ago
It's computationally difficult for anyone to forge it. While the operators of archive.org could easily forge an old timestamp.
- hybridsole 11y agoComputationally difficult is a bit of an understatement. It is not possible to alter the bitcoin blockchain once a block is added and confirmed. With limitless resources, you could perform a withholding attack to modify the most recent half-hour to one hour's worth of transactions, but that would take tens of millions of dollars in hardware and only be temporarily successful.
- ikeboy 11y agoYou could go back in time indefinitely with unlimited resources. Would require a big reorg, but still possible.
- avar 11y agoFor the purposes of proving that a document exists no, you really couldn't go back in time, if this were to happen it would be a monumental time for bitcoin, and the old blockchain would be well known & referenced. So for the purposes of proving that you wrote that document it really doesn't matter if that were to happen.
- ikeboy 11y agoDepends who you're proving it to; if you can isolate them, it still works.