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Digital currencies that are functionally equivalent to cash are now possible, using agent-based systems. The zero-knowledge proofs and homomorphic encryption i
by pjkundert 4y ago
Digital currencies that are functionally equivalent to cash are now possible, using agent-based systems. The zero-knowledge proofs and homomorphic encryption is scalable, if only a pseudo-random subset of the nodes need to prove the transfers are correct.
Anything less privacy- and liberty-conserving is a strict downgrade from cash.
Why should anyone prefer some band of zealots controlling their financial lives?
Perhaps the elderly are just … wiser?
- trevyn 4y ago>if only a pseudo-random subset of the nodes need to prove the transfers are correct How is the pseudo-random subset selected, assuming the presence of an adversary controlling part of the transaction data and a significant percentage of nodes?
- pjkundert 4y agoIn the implementations I’ve designed - both parties to the transaction control the content of the transaction payload,so it’s hash is not determined by either party (the attacker, in particular). The subset of hosts is determined by the hash of the transaction.