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  1. ⚒️Thor, the Norseman⚒️ (thor)'s status on Wednesday, 11-Jul-2018 11:12:16 PDT ⚒️Thor, the Norseman⚒️ ⚒️Thor, the Norseman⚒️

    In some scenarios, *moving* a piece of data would be an extremely useful thing to be able to do. That is: To transmit data to a recipient and provide evidence to said recipient that it no longer exists with the sender, or has been transformed in such a way that it cannot be used for its original purpose anymore.

    about a day ago from snabeltann.no permalink
    • ⚒️Thor, the Norseman⚒️ (thor)'s status on Wednesday, 11-Jul-2018 11:18:09 PDT ⚒️Thor, the Norseman⚒️ ⚒️Thor, the Norseman⚒️
      in reply to

      2) This would of course also be an extremely useful property for certain kinds of physical objects too, like bank notes. With some skill, a bank note can be replicated, and the only solution we have for that is to make it very tricky and very illegal to do so. Data? It's the world's easiest thing to replicate, and it can be done thousands of times per second, and destroying it completely is actually quite hard.

      about a day ago permalink
    • ⚒️Thor, the Norseman⚒️ (thor)'s status on Wednesday, 11-Jul-2018 11:26:56 PDT ⚒️Thor, the Norseman⚒️ ⚒️Thor, the Norseman⚒️
      in reply to

      3) This brings me to the root of the problem I'm trying to solve: The necessity of having a distributed ledger in order to have a working cryptocurrency. In my opinion, it's the world's ugliest solution.

      I'm not interested in mining or speculation. Anonymity isn't my top priority. I'm interested in something that doesn't require an infrastructure at all, except perhaps for the agent that originally issued the currency.

      about a day ago permalink

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