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This would mean that one would eventually have to rely on the NYT which is a "centralized" source of information. According to the bitcoin experts the blockchai
by abacus76 12y ago
This would mean that one would eventually have to rely on the NYT which is a "centralized" source of information.
According to the bitcoin experts the blockchain cannot be forged, especially if one's transaction is older than a few hours.
If the bitcoin community are right about the above and if you think of the blockchain as a non-centrally-relied bulletin that anyone can write anything (as long as they pay the appropriate fees to the bitcoin miners) and that nobody can erase what was written in the past then there should be no need for relying on any other source of information such as the NYT.
On the other hand your idea could be useful as a backup, in case something goes wrong in the blockchain technology!
- DenisM 12y agoBackup is exactly what I suggested. Don't rely on a single technology, especially if it's crypto.