3 ms·
It's also worth adding that the general idea of using distributed proof-of-work things in Internet protocols goes back quite a long way, to 1997 at least https:
by leoc 6y ago
It's also worth adding that the general idea of using distributed proof-of-work things in Internet protocols goes back quite a long way, to 1997 at least https://en.wikipedia.org/wiki/Hashcash https://en.wikipedia.org/wiki/Hashcash : it's not just a post-Bitcoin/ICO-era notion.
- Groxx 6y agoYeah, I sincerely wish hashcash had succeeded, it seems like a viable route for nigh-eliminating spam. Bitcoin's achievement isn't a radically new core algorithm of any kind, it's using existing stuff in a clever way, to make it self-reinforcing even when thrown at humans. (I mean, yea, that's an algorithm, but you get my meaning)