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"The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto." It isn't even d
by scierama 9y ago
"The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto."
It isn't even definitively known who invented blockchain, it is behind the pyramid scheme known as bitcoin and no, no way should that ever be used in voting system computers.
- huhlig 9y agoIf you consider Bitcoin a pyramid scheme I would love to hear your treatise on fiat currency, fractional reserve banking, and capitalism in general.
- JumpCrisscross 9y agoI'll bite. What's the failure mode for a paper-money based fractional banking system with deposit insurance that makes it a pyramid scheme?
- cgmg 9y agoI don't think you know what a pyramid scheme is. How about learning the definition of the words you use before throwing them around?
- scierama 9y agoHow about you learn some manners, learn to Google, learn to read the results that will appear on your screen.
- cgmg 9y agohttp://lmgtfy.com/?q=pyramid+scheme http://lmgtfy.com/?q=pyramid+scheme "A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services." http://lmgtfy.com/?q=bitcoin http://lmgtfy.com/?q=bitcoin "Bitcoin is a worldwide cryptocurrency and digital payment system. The system is peer-to-peer, and transactions take place between users directly, without an intermediary... Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets."
- dang 9y agoPersonal attacks and incivility will get you banned on HN, regardless of how wrong someone else is, so please don't post like this again.
- dang 9y agoPersonal attacks will get you banned on HN, regardless of how wrong someone else is, so please don't post like this again.
- eksemplar 9y agoThe block chain is best known for bitcoin, but it's actually a really awesome tool for keeping public records safe. Things like land ownership is vulnerable to manipulation. We don't think about it much in the west because our governments don't change the name of the owner of your house for money, but it's a real problem in corrupt countries. It's also a major problem in shipping. Where ownership of containers is done with paper forms, that because of corruption have a higher cost of shipping than the actual container itself, and containers still get claimed with faked forms. Know what Mærsk did to secure the container contracts? They used the block chain. Much like container forms or land contracts, paper votes are only safe if your system isn't corrupt. With the block chain you could remove the need of relying on the system to be honest because everyone would be able to read the record. Right now you rely on independent observers, and I hate to tell you this, but we've been unable to influence elections in corrupt countries so far. When Putin wins with 900% of the votes in regions that hate him you can say that it seems unlikely, if they'd used block chain you would be able to see that it was a lie.
- dang 9y agoWe detached this subthread from https://news.ycombinator.com/item?id=14969875 https://news.ycombinator.com/item?id=14969875 and marked it off-topic.