5 ms·

A Brief History of Blockchain

19 points by hunglee2 10y ago

mustafabisic1 10y ago
Thanks for the article man. Where do YOU see it going in the future? The article is just brushing on that question.
0x006A 10y ago
fourth and fifth innovation are speculations about the future not history
Hydraulix989 10y ago
Grammar error in title?
_nalply 10y ago
The zeroth innovation is a Proof of Work implementation: HashCash [1], invented 1997. After all we stand on shoulders of giants. [1]: http://www.hashcash.org/ http://www.hashcash.org/ Edit: Added an explanation. HashCash was an idea to thwart spam by forcing spammers to do work. It works similar to Bitcoin's Proof of Work: Use a nonce and hash the text together with a nonce. Does the hash start with some zeroes like this: 0000bbab945399d0f80395c65e2ba4c93c89ada8? You are done. Else retry with a different nonce. So if the spammer's computer has to calculate HashCash for about one or two seconds for each e-mail, he won't be able to send millions of them. That was the idea.
Uptrenda 10y ago
History lesson number one: the word "blockchain" isn't a pronoun. Seriously, if you don't even know that it tells me you joined the blockchain bandwagon some time in 2015 or later which is when journalists who also didn't know shit about the technology started misusing the word (as if it were "email" or something.) If a person starts talking to me about "blockchain" and how "blockchain" is going to change the future I just instantly lose respect for them. Maybe this is petty of me but I do find it frustrating.
- cocktailpeanuts 10y ago
  This is like saying "Google" is not a verb. People always find ways to evolve usage of words in different ways, and that's the beauty of human language. However I do agree with you on how it's annoying these people (not just journalists but startup investors and entrepreneur wannabes) who just learned about Bitcoin (probably never used them but just read it on a blog post or a book) and keep saying Bitcoin sucks but blockchain will change everything.
- Hydraulix989 10y ago
  They don't understand the actual technical details -- what the word "block chain" means, which then allows them to grammatically abuse the word and even conjoin it (they're journalists). https://en.m.wikipedia.org/wiki/Blockchain https://en.m.wikipedia.org/wiki/Blockchain

19 points by hunglee2 10y ago

mustafabisic1 10y ago

Thanks for the article man. Where do YOU see it going in the future? The article is just brushing on that question.

0x006A 10y ago

fourth and fifth innovation are speculations about the future not history

Hydraulix989 10y ago

Grammar error in title?

_nalply 10y ago

The zeroth innovation is a Proof of Work implementation: HashCash [1], invented 1997. After all we stand on shoulders of giants. [1]: http://www.hashcash.org/ http://www.hashcash.org/ Edit: Added an explanation. HashCash was an idea to thwart spam by forcing spammers to do work. It works similar to Bitcoin's Proof of Work: Use a nonce and hash the text together with a nonce. Does the hash start with some zeroes like this: 0000bbab945399d0f80395c65e2ba4c93c89ada8? You are done. Else retry with a different nonce. So if the spammer's computer has to calculate HashCash for about one or two seconds for each e-mail, he won't be able to send millions of them. That was the idea.

Uptrenda 10y ago

History lesson number one: the word "blockchain" isn't a pronoun. Seriously, if you don't even know that it tells me you joined the blockchain bandwagon some time in 2015 or later which is when journalists who also didn't know shit about the technology started misusing the word (as if it were "email" or something.) If a person starts talking to me about "blockchain" and how "blockchain" is going to change the future I just instantly lose respect for them. Maybe this is petty of me but I do find it frustrating.

cocktailpeanuts 10y ago
This is like saying "Google" is not a verb. People always find ways to evolve usage of words in different ways, and that's the beauty of human language. However I do agree with you on how it's annoying these people (not just journalists but startup investors and entrepreneur wannabes) who just learned about Bitcoin (probably never used them but just read it on a blog post or a book) and keep saying Bitcoin sucks but blockchain will change everything.
Hydraulix989 10y ago
They don't understand the actual technical details -- what the word "block chain" means, which then allows them to grammatically abuse the word and even conjoin it (they're journalists). https://en.m.wikipedia.org/wiki/Blockchain https://en.m.wikipedia.org/wiki/Blockchain