randaouser

6 ms·

31.
by randaouser 8y ago
The best use case for Blockchain is for internet money. Many seem to forget that a majority of the world has limited access to banking resources. Platforms like Ethereum will allow for marketplaces that cannot be manipulated by the ones o
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by randaouser 8y ago
Ring Signature constructs are ideal for this.
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by randaouser 8y ago
>If I want to use money to pay for some goods, I need trust that I can get that money back if the goods won't arrive. Math alone can't provide that, it needs something extra, e.g. a trusted escrow service in the case of crypto.
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by randaouser 8y ago
No, you dont need to trust the software per say; there is a need to understand how software works in order to participate. That knowledge gap for most people will result in them trusting a 3rd party auditing of the software. You do much t
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by randaouser 8y ago
you can share the encrypted data and allow anyone to perform the block hash of the file. As the data is encrypted it should be publicly accessible. EDIT yes the data itself becomes difficult to verify. Then you must move towards are for m
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by randaouser 8y ago
yes precisely, you must include a random value that remains secret until the appropriate reveal time.
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by randaouser 8y ago
although sensitive data should never be written to a public ledger, that does not automatically disregard the need for a blockchain technology. Take a supply chain scenario where multiple control points would input data, however, none of t
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by randaouser 8y ago
You must be North American, it has been in broad use for years: https://www.cdc.gov/hiv/basics/prep.html
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by randaouser 8y ago
check out spankchain: https://spankchain.com/ -high speed -prevents this nonsense