It’s amazing how many developers in crypto would benefit from going back and researching your early work. So much economic value has been destroyed over a lack of grokking basic, historical precedents.
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“The key is building in, at the most basic level of technology, code (in both the legal and software sense) that allows a widely distributed people... to cooperate within well known, mutually agreeable, and strongly enforced constraints.”
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I thought I had added this one to SNI! I’m going to have to fix that soon.
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Why is blockchain significant? Or is this snark?
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This was written in 2001, three years after Nick came up with the concept of “blockchains” in “Secure Property Titles with Owner Authority.” I have my thoughts on what blockchains are good for and not today, but this is classic Cypherpunk work.
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Plus, based on that schematic, you can replace the title registry with whatever you want.
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Ah. Thanks.
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btc is $5 to transact so there are zero use cases which make sense on it. You better find a better blockchain if U wanna build this.
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There are plenty of people working on something in this vein.
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Very cool. A step towards decentralised trustless automatable physical processes.
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Any obvius use cases that would be viable and sensible near and mid term as of 2019?
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I was driving along the Mexico border yesterday and had this flash of anon drug mules dropping their haul in a metal box in the desert, then scanning a code to collect payment. Could work as a covert supply chain concept. Not an endorsement, this just reminded me of that.
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Wouldn’t this require some kind of open hardware secure element? E.g. implementation based on RISC-V?
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BTC sidechain?
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Its posible to create a proplet system to protect Amazonia?
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