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Bitcoin solved the byzantine generals problem. That is a brand-new invention. It enables you to achieve distributed consensus in all kinds of problems. The pr
by sillysaurus3 9y ago
Bitcoin solved the byzantine generals problem.
That is a brand-new invention. It enables you to achieve distributed consensus in all kinds of problems.
The problem space is vast, and any new solution is worth not underestimating. It's hard to predict the future: http://tlb.org/#predictions http://tlb.org/#predictions
July, 2002: CDs and DVDs compatible with today's will remain the most common way to buy or rent music or video through 2020.
- ineedasername 9y agoNah, solutions to that class of problem have been around a while. BFT software for these type of faults are built into airplanes and other critical systems. Its use in blockchain is novel, and interesting, but not a brand new or first solution to obtainin Byzantine Agreement within a system or the associate algorithms involvedinvolved.
- sillysaurus3 9y agoBTC was the first sybil-resistant distributed consensus algorithm in history. Airplanes don't need to worry about sybil attacks.
- UncleMeat 9y agoNeither do most people. Thus, blockchain's limited utility over something like what CT does.