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If they really mean the internet, I just dont see how the bitcoin blockchain can exist without the Internet. It's not a way to transmit information without IP (
by palunon 12y ago
If they really mean the internet, I just dont see how the bitcoin blockchain can exist without the Internet. It's not a way to transmit information without IP (or an equivalent protocol)
If they mean the Web, well, there already is something working that solve the same problems, it's call Freenet and near to no one use it (at least "normal" people. Cryptoanarchists and techies don't count)
The biggest problem with the blockchain is that every (at least veryfing) node need a full copy of it. Storing data in it mean duplicating it for every node, and it has enormous costs. Try storing 1GB of data (for example, a movie) in it...
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- deleted 12y ago[deleted]
- nullc 12y agoBitcoin works right without "the internet" or even an IP network, you can sneaker net around the Blockchain, if you like. But indeed, Bitcoin-- and the technology in it-- doesn't generally solve the hard problems the web presents (just like the prior distributed system technology before Bitcoin didn't solve Bitcoin's issues). There is a lot of seriously misplaced hype in this space. A bit of pedantry on your last comment: "The biggest problem with the blockchain is that every (at least veryfing) node need a full copy of it" -- this isn't true. Please see section 7 of the original Bitcoin whitepaper "Reclaiming disk space". It's still not a suitable mechanism to store arbitrary data, however.