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> Doesn't the bitcoin blockchain provide the same service roughtime does, and without the centralized authority (cloudflare in this case) problem? Oh god, I ca
by CiPHPerCoder 8y ago
> Doesn't the bitcoin blockchain provide the same service roughtime does, and without the centralized authority (cloudflare in this case) problem?
Oh god, I can only imagine the horror of trying to use Bitcoin as a public notary service.
The whole point of an append-only data structure is that you can replicate it and if someone's node is being dishonest, they cannot do so silently.
You'd be better off with something like Trillian (and/or Certificate Transparency; see https://wiki.mozilla.org/Security/Binary_Transparency https://wiki.mozilla.org/Security/Binary_Transparency for more).
I wrote something in this vein called Chronicle: https://github.com/paragonie/chronicle https://github.com/paragonie/chronicle
Main selling point? It's not a blockchain, but it solves a lot of the problems that cause people to point to blockchain solutions.
My goal with Chronicle is to ween the industry off of poorly thought-out blockchain projects by demonstrating that they don't need a blockchain after all.
- ur-whale 8y ago>you'd be better off with something like Trillian Isn't Trillian just a simple Merkle tree implementation? And if so, how does it solve the decentralization part?
- CiPHPerCoder 8y agoIs decentralization necessarily a desirable trait of such a system? When you throw that in the mix, you sacrifice either security or efficiency. I'd rather have a centralized system (single writer) with decentralized mirrors (notaries) that exploit the fact that cryptoraphic ledgers are append-only and totally transparent to solve a lot of engineering problems than a slow, energy-sucking blockchain.
- ghyl 8y ago>Oh god, I can only imagine the horror of trying to use Bitcoin as a public notary service. One man's trash is another man's treasure: http://deedbot.org/faq.html http://deedbot.org/faq.html