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It does use bitcoin to verify the transactions. Point is, bitcoin - currently being the biggest blockchain deployed - is more trustworthy than most governments
by ujal 9y ago
It does use bitcoin to verify the transactions. Point is, bitcoin - currently being the biggest blockchain deployed - is more trustworthy than most governments and therefore most currencies.
I am not an economist though and regulations seem to be necessary in the real world. Any ideas as to what technology, giving widespread adoption, would make them obsolete?
- notyourday 9y agoIf the claim is that the private data unrelated to bitcoin transactions is being published and verified on a bitcoin blockchain then this is a scam. It is absolutely amazing that the person who wrote this article still has a title of a Senior Editor that claims to write on this topic.
- ujal 9y agoIt is possible to hash the data and make that hash part of the transaction [0]. [0] https://arxiv.org/abs/1502.04015 https://arxiv.org/abs/1502.04015
- notyourday 9y agoThat's not the application, however.