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Pseudo-Useful Contributions to the Blockchain Space

Specifically this can be seen here in this whitepaper by Alin Tomescu: https://people.csail.mit.edu/alinush/papers/catena-sp2017.pdf

What the Paper is About

(you won't believe this idea here)

The paper goes into somewhat of a droning shpill at its outset about 'equivocation' on the blockchain (think the term that they're looking for here would be better encapsulated within the idea of 'finality').

They make the correct deduction that if one were to anchor an identity / concept to an underlying blockchain (i.e., 'Bitcoin'), then one would be forced to download the entire chain (in order to retain the property of trustlessness conferred by Bitcoin)

So (rather than fixing Bitcoin - because nobody ever wants to fucking do that), this individuals proposed to create "logs" that abstract from the Bitcoin network by building another layer over top of it in some sort of capcity.

No Trustless Consensus - No Benefit

The benefit of blockchain = trustless consensus.

Do anything that mitigates, reduces, hampers, etc., that process should be considered something that's not wholly blockchain.



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Pseudo-Useful Contributions to the Blockchain Space

Specifically this can be seen here in this whitepaper by Alin Tomescu: https://people.csail.mit.edu/alinush/papers/catena-sp2017.pdf

What the Paper is About

(you won't believe this idea here)

The paper goes into somewhat of a droning shpill at its outset about 'equivocation' on the blockchain (think the term that they're looking for here would be better encapsulated within the idea of 'finality').

They make the correct deduction that if one were to anchor an identity / concept to an underlying blockchain (i.e., 'Bitcoin'), then one would be forced to download the entire chain (in order to retain the property of trustlessness conferred by Bitcoin)

So (rather than fixing Bitcoin - because nobody ever wants to fucking do that), this individuals proposed to create "logs" that abstract from the Bitcoin network by building another layer over top of it in some sort of capcity.

No Trustless Consensus - No Benefit

The benefit of blockchain = trustless consensus.

Do anything that mitigates, reduces, hampers, etc., that process should be considered something that's not wholly blockchain.

BY LibreCryptography


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Mr. Durov launched Telegram in late 2013 with his brother, Nikolai, just months before he was pushed out of VK, the Russian social-media platform he founded. Mr. Durov pitched his new app—funded with the proceeds from the VK sale—less as a business than as a way for people to send messages while avoiding government surveillance and censorship.

How Does Telegram Make Money?

Telegram is a free app and runs on donations. According to a blog on the telegram: We believe in fast and secure messaging that is also 100% free. Pavel Durov, who shares our vision, supplied Telegram with a generous donation, so we have quite enough money for the time being. If Telegram runs out, we will introduce non-essential paid options to support the infrastructure and finance developer salaries. But making profits will never be an end-goal for Telegram.

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