11 ms·
This is an excellent example of the difference between "interesting" and "useful". This should be every bit as successful in its niche as ssh over DNS (which is
by davidgerard 12y ago
This is an excellent example of the difference between "interesting" and "useful". This should be every bit as successful in its niche as ssh over DNS (which is a thing you can actually do as well).
Seriously, this is a ridiculous stretch to find some use case - any use case! - for Bitcoin.
At least there won't be a spam problem, as you need to pay to get your transactions processed at all: https://blockchain.info/unconfirmed-transactions https://blockchain.info/unconfirmed-transactions I wonder if one message would actually cost more than an SMS yet. SMS tends not to wait serious fractions of an hour, though.
- mappu 12y agoThe system described in the article doesn't use proof-of-work. There's no artificial transmission latency at all. It seems unrelated? to bitcoin aside from being inspired by it and borrowing some terminology. It's a very cool protocol design, clearly a lot of thought has gone into the various tradeoffs, and i hope it sees some uptake.