Rather than argue over convergence, much better to consider what next gen crypto looks like.
All these projects became possible because of the expiry of the Surety patent on catenate certificates (chained hash function notaries). Bitcoin demonstrates the sort of thing that is made possible if there is a timestamp notary that cannot feasibly default. What it does not do is to achieve that goal. The blockchain is horribly inefficient currently burning through electricity at a rate of a quarter billion dollars a year (and that can increase) while genuine bitcoin commerce transactions are a few tens of millions. But imagine what we could do if we had twenty notaries and each one included the outputs of the others every hour. It would be impossible for one notary to defect without all the others defecting. We could achieve what the bitcoin notary does for less than a million bucks a year. _______________________________________________ dev-security-policy mailing list [email protected] https://lists.mozilla.org/listinfo/dev-security-policy
