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Hash Chains

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...)



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Hash Chains

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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Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.

What Is Bitcoin?

Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.” Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution, and there’s nothing to guarantee their value besides the proof baked in the heart of the system. “The reason why it’s worth money is simply because we, as people, decided it has value—same as gold,” says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.

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