abacus76

4 ms·

1. 1.▲
   by abacus76 10y ago

   In order for a blockchain to be decentralized and immutable one would need to have a large spectrum of participants involved in mining. If a single party is mining then his particular blockchain could be re-written by that single party or a
2. 2.▲
   by abacus76 10y ago

   Rolling a separate chain that would be immutable/trustless/decentralized would require several parties mining plus a token of value (creating the incentives for the mining as a block reward). Bitcoin's blockchain has bitcoin
3. 3.▲
   by abacus76 12y ago

   you could prove that you certified the document by including your name and or signature within the document!
4. 4.▲
   by abacus76 12y ago

   We decided to reduce to 0.99 euro from 1.49 euro. This should be small enough to be considered as a fair price.
5. 5.▲
   by abacus76 12y ago

   Thanks! What would be a price you could consider as fair?
6. 6.▲
   by abacus76 12y ago

   Could you indicate how much more expensive?
7. 7.▲
   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
8. 8.▲
   by abacus76 12y ago

   Thanks.. The hash is the SHA256 of the document which is a standard procedure.
9. 9.▲
   by abacus76 12y ago

   Actually if you try to stamp the same document it directs you to the appropriate verification
10. 10.▲
    by abacus76 12y ago

    Thanks for your kind words, your valuable comments and very interesting suggestions! Will consider...
11. 11.▲
    by abacus76 12y ago

    Thanks! Actually the transaction creates a zero unspent output (thus no transfer of sum is being carried out). Still we allow for 0.0002BTC for miner fees (which go to the miner's wallet). Miner fees plus paypal fees is the total cost
12. 12.▲
    by abacus76 12y ago

    indeed this is one more excellent application of the whole idea. One difference we have is that we are using the OP_RETURN though.
13. 13.▲
    by abacus76 12y ago

    Ownership of content could be supported in the sense that you publicly annouce its creation first (blockchain is public) with no other previous record of it anywhere. Of course if the content is not original work then it should be traceable
14. 14.▲
    by abacus76 12y ago

    As far as we know there is no legal precedent, nevertheless any IT expert wittness should be able to verify in front of a court that as things stand right now it is impossible to forge the blockchain time stamp.
15. 15.▲
    by abacus76 12y ago

    actually you can't. But there is nothing to gain in doing so. This seem to work only if the content is original work