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> The much less important part of crypto is exactly how the shared ledger is assembled No! It is of *critical* importance how the shared ledger is assembled, b
by qertoip 6y ago
> The much less important part of crypto is exactly how the shared ledger is assembled
No! It is of *critical* importance how the shared ledger is assembled, because Bitcoin's threat model assumes the World's governments descending upon the shit, eventually!
- ralusek 6y agoThe part of critical importance is ECDSA (or any public/private key DSA), and p2p networks. With that technology alone, you have the basis for a functional decentralized currency. The blockchain assembly with proof of work, while an interesting and very creative solution, is just one of a multitude of ways you can arrive at a consensus.