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Anonymous
Billion-dollar idea in this thread 2017-07-29 12:43:50 Post No. 2903863
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Billion-dollar idea in this thread 2017-07-29 12:43:50 Post No. 2903863
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Crypto's main problems are: reliance on the internet and reliance on the blockchain.
Reliance on the internet can be solved with satellite-based connectivity.
Reliance on the blockchain can be solved as follows. Most cryptocurrencies use a blockchain to validate transactions among other things. After years of running these networks it's beginning to look like blockchain-based currencies naturally evolve into a centralised network, because it's in the best interest of the participants to combine computing power to calculate solutions for blocks.
An interesting framework for a blockchain-free protocol is discussed in the paper "Blockchain-Free Cryptocurrencies: A Framework for Truly Decentralised Fast Transactions", which can be found here:
https://eprint.iacr.org/2016/871.pdf
Please someone make this happen, the world needs it.
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>>2903863
Dude like, what if we combine pizza and ice cream cones and make pizza cones, where the cone is the crust, and the filling is pizza???
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bump like the ones on@XeR0fStM's penor.
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>>2903863
buy BNT
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>>2903869
Nice, just bought 100k
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>>2903863
Why is reliance on the blockchain a problem?
> it's beginning to look like blockchain-based currencies naturally evolve into a centralised network
Except it's not.
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>>2903951
neck yourself.
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Youre talking about nexus coin lmao
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>>2903863
aww look it's an aspiring ideaguy
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>>2904010
>mad nobanc subhuman
buy BNT
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Bass rutten is looking solid
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>>2904082
Nexus uses soon to be outmoded blockchain.
An interesting framework for a blockchain-free protocol is discussed in the paper "Blockchain-Free Cryptocurrencies: A Framework for Truly Decentralised Fast Transactions", which can be found here:
https://eprint.iacr.org/2016/871.pdf
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>>2904162
Thanks, for the link.
Do you know, any coins that are, currently Blockchain-Free?
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nochain
progress 6 months
anyone want in early?
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reliance on blockchain isn't a problem and the first issue is adressed by nexus, which is also quantum proof. this is the next 1b coin
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>>2903869
Mmm CP
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>>2903863
As long as no mining pool has 51% of the power, it's fucking decentralized you idiot.
You can't do any better than that, that is how life works.
If more than 51% of people have malevolent intent, no matter how secure the system, the system will be corrupted. It's simply not physically possible for the combined minority power to control the the majority power. Therefore, you can't do any better than the current blockchain system. If you wanted the "good guys" to be able to take over the network with less than a majority, the same exact method could be used for the "bad guys" to take control with only a minority of power, bacause there is no objective "good" or "bad", especially not in a computer program.
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>>2904162
How are they gonna solve frequency band country prohibitions? How are they going to broadcast the signals? Which encoding scheme? Do they have a telecom enginner well trained in its field giving them advice right now? Or is all of this is just a castle made of sand?
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