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The network is still the third party. With cash, or bottle caps, or any physical token, all you need are two people that agree it has value. Possession is the
by brownbat 9y ago
The network is still the third party.
With cash, or bottle caps, or any physical token, all you need are two people that agree it has value. Possession is the ledger.
- ricardobeat 9y agoThe network can still run between those two people alone (if consolidation is solved).
- Paperweight 9y agoNature has an elegant solution to the double-spending problem for physical commodities. If only there was a way to timestamp digital transactions without a write-only ledger...
- jacobush 9y agoYes... I wonder how Nature implemented that...
- mioelnir 9y agoBy dropping transmutative alchemy from the sprint, allowing the implementation of a capability system on top of a now unforgeable subset of existing resources...
- Paperweight 9y agoSounds like the whitepaper for this week's hottest ICO!
- jacobush 9y agoThank you so much. I'm on the verge of framing this and putting it on the wall. Cubicle wall, but still.
- deleted 9y ago[deleted]
- staplers 9y agoall you need are two people that agree it has value Wrong. All currencies need a network (physical or otherwise) or else it's just bartering between two objects. The entire idea of currency requires a network of people who project a common value in the implemented token/object/hash.