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> - Bitcoin doesn't use DHTs. I didn't say it did. But the idea of distributing data in a P2P fashion is not novel. > - The term blockchain was coined after
by alex_sf 4y ago
> - Bitcoin doesn't use DHTs.
I didn't say it did. But the idea of distributing data in a P2P fashion is not novel.
> - The term blockchain was coined after the Bitcoin white paper was published, to describe the mechanism used in Bitcoin.
I'm not very interested in the particular etymology. The fundamental ideas of a blockchain, regardless of what you call it, had been laid out by multiple people years before the bitcoin whitepaper[0].
> - Bitcoin was the first system to solve the double spending problem in a decentralized way.
No, it wasn't[1][2].
> The network is actively used. Just yesterday, there were 345K on chain Bitcoin transactions totaling a value of around 4 billion USD.
..Ok? That's about the level of activity I would expect between speculation, scams, and drugs, sure.
[0]https://arxiv.org/pdf/1810.06130.pdf https://arxiv.org/pdf/1810.06130.pdf
[1]https://ieeexplore.ieee.org/document/4268195 https://ieeexplore.ieee.org/document/4268195
[2]https://arxiv.org/abs/0802.0832 https://arxiv.org/abs/0802.0832