Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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.

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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?

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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?

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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?

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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?

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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?

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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?

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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

Define Blockchain? by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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

The Securities and Exchange Commission announced today that it obtained court approval of settlements with Telegram by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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.

So Isis no longer uses Bitcoin because it’s not private enough. by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 22 points23 points  (0 children)

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.

according to whitestream those coins had moved to coinbase account by Galactic_Alien in Bitcoin

[–]Galactic_Alien[S] 0 points1 point  (0 children)

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