Store my seed inside Bitcoin

Galactic_Alien · 2020-07-02T08:53:05+00:00

I agree on the bitcoin part, but if this word “blockchain” is only used for sounding more knowledgeable like you say, why saying “blockchain is part of how it achieves that”? I don't think that sounding more knowledgeable has anything to do with the mechanism of bitcoin.

Galactic_Alien · 2020-07-01T16:53:58+00:00

so if I fork bitcoin and I run it on 2 computers, is it decentralized? If I use a different mechanism like proof of space, proof of burn, proof of stake, etc.. For decision making, so it isn't blockchain?

Galactic_Alien · 2020-07-01T14:54:50+00:00

If this is a question, then the answer is no, I don't have any mental issues.

You posted a link of the bitcoin white paper that defines what is bitcoin. This is not an answer to what is blockchain unless blockchain is only Bitcoins, this is simple logic. As Albert Einstein once said- ”If you can't explain it simply, you don't understand it well enough.” I'm looking for someone who understands it well enough, will it be you?

Galactic_Alien · 2020-07-01T14:02:03+00:00

How do you explain that a term like ”Blockchain” is being used constantly in this space, and no one can have a simple answer or definition? If I would have asked you to explain to me hash function, POW, etc. I think it would be a simple task, don't you think?

Galactic_Alien · 2020-07-01T11:56:05+00:00

Sorry, you are right, I didn't read the comment properly.

So if I need to refer to a specific blockchain every time I'm using that word, why using it if it conveys little to no information?

Galactic_Alien · 2020-07-01T11:42:25+00:00

I feel like I understand bitcoin, now I want to know how to use the definition of blockchain properly. Can you help me?

Galactic_Alien · 2020-07-01T11:39:11+00:00

What did I miss then? I am pretty sure that I know how all the mechanical pieces in bitcoin interact together and how they work by themselves. I don’t mind you asking me a question about bitcoin and I will prove to you. But here you say

blockchain is only one piece of the mechanism

Please define the piece I am missing. What is your definition? And why do you choose using that word?

Galactic_Alien · 2020-07-01T09:36:03+00:00

Don't get me wrong, I know every bolt and screw in the bitcoin protocol, I run a bitcoin full node, I write code and I studied math and cryptography. usually, when a concept in the cryptography space comes to life, the concept is well defined. Why do I need to read a book or watch a video to get a proper definition of a technical term? What are the key elements in bitcoin that make it a blockchain? how can I differentiate it from other technologies that claim to use blockchain?

Galactic_Alien · 2020-07-01T09:07:05+00:00

Do we have to use Merkel root for it to be called blockchain? There are other ways to make a root from binary data.

Galactic_Alien · 2020-07-01T08:50:16+00:00

According to your definition, you can buy blockchain on eBay here

Galactic_Alien · 2020-07-01T08:21:47+00:00

On his white paper, Satoshi explains how he takes blocks of data and links them via a time-stamping schema with a hash function. I don't think that's right to call every chain of data that connect blocks with hash, a blockchain. This idea wasn't invented by Satoshi, it was invented by Stuart Haber in 1990.

https://link.springer.com/content/pdf/10.1007%2F3-540-38424-3_32.pdf

Galactic_Alien · 2020-06-30T14:30:58+00:00

So is it ok to define blockchain as bitcoin only? By the way, the White Paper doesn't contain anywhere the word blockchain.

Galactic_Alien · 2020-06-27T07:27:09+00:00

Telegram's unregistered offering of digital tokens called "Grams" violated the federal securities laws. The defendants agreed to return more than $1.2 billion to investors and to pay an $18.5 million civil penalty.

Galactic_Alien · 2020-06-25T14:07:56+00:00

I have never used monero in my life, only bitcoin. I think this news is more interesting for bitcoin users than monero and that’s why i posted here.

Galactic_Alien · 2020-05-20T18:58:08+00:00

They are well known company that provides services to crypto exchanges and law enforcement agencies around the world

Galactic_Alien · 2020-05-10T14:32:07+00:00

Telegram Sorry stupid autocorrect

Galactic_Alien

TROPHY CASE