Working with IBM and Global Citizen on creating a blockchain solution for NGOs to track donations #ChallengeAccepted
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Replying to @MatejFurmnek
Thats the blockchain without the token of value and decentralised consensus mechanis. Just an encrypted ineffeciet db.
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Replying to @AndrejCibik
You don’t even slightly know what you are talking about. Try to do some real research on what is Blockchain actually about.
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Replying to @AndrejCibik @MatejFurmnek
Append only db s kryptograficky spojenými záznamami bola vymyslena v neskorych 90tych. Prečo nebol blockchain hype? Pretoze je to takmer bezvýznamný vynález.
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Replying to @AndrejCibik
Linked list isn’t blockchain. It could look similar to you because of your poor research. The true strength of Blockchain is saving time of transactions, increases trust of system, reduce risk through its security and basically removes cost.
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Replying to @MatejFurmnek
IBM uses pemissioned, closed blockchain. All participants are picked and veted by IBM. Its like intranet. Closed system for few companies. Did intranet change the world? No. Internet did. Only open, decentralised, trustless and permissionless blockchain will is relevant...
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Replying to @AndrejCibik @MatejFurmnek
...Theres a reason nobody heard of blockchain before Bitcoin. Because its bullshit. Blockchain doesnt solve double spend problem in a trustless way. Proof of work with token of value do. Bitcoin does. "increases trust of system" - not if I have to trust IBM validators.
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Also IBM uses Hyperledger and it is created by Linux Foundation
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