I was wrong about my initial impression but also possibly on to something as it pertains to the hash tree that could be created with Blake.
Hash / Merkle Tree Concept
Rather than just creating an appended list (sort of like blockchain) and then adding an additional operation that merely hashes the last input, it feels like it would be prudent to have all of the values hashed together in some capacity.
So that means:
1) H = x
2) H(x)
3) H(H(X))
4) H(H(H(X)))
There's something that's missing in this construction.
Only way that this could work is if the generator of the hash chain kept at least a few values secret.
But it is impossible for this to be done in a way where all of those values are kept secret and this be seen as externally valid.
The only other way is to ensure that all of the values are public. But if you must do that then you need to devise another method that will require people to remain honest bc you've trapped off their avenues for "cheating".
This is why the write-up on the way that time is calculated on the blockchain is extremely fucking important - it is an objective source of randomness that keeps everyone honest if it can be adhered to.
The idea that I had about the UNIX time tracking was interesting, but ultimately one critical underpinning here (hmm...)
I was wrong about my initial impression but also possibly on to something as it pertains to the hash tree that could be created with Blake.
Hash / Merkle Tree Concept
Rather than just creating an appended list (sort of like blockchain) and then adding an additional operation that merely hashes the last input, it feels like it would be prudent to have all of the values hashed together in some capacity.
So that means:
1) H = x
2) H(x)
3) H(H(X))
4) H(H(H(X)))
There's something that's missing in this construction.
Only way that this could work is if the generator of the hash chain kept at least a few values secret.
But it is impossible for this to be done in a way where all of those values are kept secret and this be seen as externally valid.
The only other way is to ensure that all of the values are public. But if you must do that then you need to devise another method that will require people to remain honest bc you've trapped off their avenues for "cheating".
This is why the write-up on the way that time is calculated on the blockchain is extremely fucking important - it is an objective source of randomness that keeps everyone honest if it can be adhered to.
The idea that I had about the UNIX time tracking was interesting, but ultimately one critical underpinning here (hmm...)
BY LibreCryptography
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Secret Chats are one of the service’s additional security features; it allows messages to be sent with client-to-client encryption. This setup means that, unlike regular messages, these secret messages can only be accessed from the device’s that initiated and accepted the chat. Additionally, Telegram notes that secret chats leave no trace on the company’s services and offer a self-destruct timer.
Should I buy bitcoin?
“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.
