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Amazing idea, it seems they're implementing Pieter Hintjens' https://www.indiegogo.com/projects/edgenet https://www.indiegogo.com/projects/edgenet But why a bl

• nine_k 9y ago
  You will have the blockchain slowly. Frankly, I don't see much use in blockchains besides public verifiable high-importance transactions where a significant number of parties does not trust each other, and some may be actively subversive. That is, a public ledger. For less public cases, mere encryption could suffice, which is much faster. Most communications are between only two parties; they can check each other's key fingerprint via phone or a third party they both trust, if they even bother.
  • fiatjaf 9y ago
    You'll have a blockchain, but the outstanding majority of blocks will be orphans and thus lost and invalid. Lots of promises will be broken. You'll only know a transaction was confirmed after many months -- and before you get a confirmed transaction you may have to issue the same transaction hundreds of times.