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I don't dispute that there is real innovation with the blockchain -- just that the level of innovation cannot alone justify the value of or interest in cryptocu
by bcantrill 12y ago
I don't dispute that there is real innovation with the blockchain -- just that the level of innovation cannot alone justify the value of or interest in cryptocurrency. To answer your question: linked timestamping[1][2] does, in fact, solve this problem -- and solved this problem long before the blockchain. Again, not disputing that the blockchain doesn't allow one to prove tamper-proof transaction systems or that this isn't an important problem -- just that it's not the first technology to do it, isn't the only way to do it, and doesn't alone pay the freight for the level of interest in cryptocurrency.
[1] http://en.wikipedia.org/wiki/Linked_timestamping http://en.wikipedia.org/wiki/Linked_timestamping
[2] http://dspace.utlib.ee/dspace/bitstream/handle/10062/15188/Truu_Ahto.pdf?sequence=1 http://dspace.utlib.ee/dspace/bitstream/handle/10062/15188/T...
- drcode 12y agoIt seems odd that you would claim that a system requiring a centralized "time stamping authority" is equivalent in functionality to a decentralized mechanism like a blockchain. As for saying that "cryptocurrencies are a laughingstock"... can you quantify that claim in concrete terms using a date and a price range prediction for that date?