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If bitcoin is to be the global currency, it needs more channels to propagate than just public internet. Public Internet is too censorship receptive for system l

by g45y45 8y ago

If bitcoin is to be the global currency, it needs more channels to propagate than just public internet. Public Internet is too censorship receptive for system like Bitcoin. Broadcasting the block and tx data to the world via satellite gets us one step closer. Great work Blockstream!

bufferoverflow 8y ago
Bitcoin, Bitcoin Cash and Ethereum (and probably other coins) all work over SMS. They are actually substrate-agnostic. You can technically deliver your transaction to a node with a pigeon, as long as the node accepts pigeons.
- xorcist 8y ago
  You need to process incoming transactions as well. It's inconvenient to receive the blockchain over carrier pigeons.
  - VMG 8y ago
    Circumventing censorship is always inconvenient. That is the point of censorship.
deleted 8y ago
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r32a_ 8y ago
Well if Blockstream satellite proves to be a profitable endeavor then you can expect competitors to come. You can also expect different channels of propagation to emerge if demand builds up.
gukov 8y ago
There's also TxTenna (https://txtenna.com https://txtenna.com).
deleted 8y ago
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jstanley 8y ago
Counterpoint to this is that the internet is the most censorship-resistant network the world has ever seen.