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RE: Open letter to Fuzzy, Steemit, and BeyondBitcoin

in #life8 years ago

Pretty sure they're blockchains. But I've had my doubts a few times.

Decentralized-- well there's a bunch of ways of defining that.

Trouble is they don't even work as described, and since they're so screwed up, when you ask if x y or z works, the orgs behind them actually think it's better to lie.

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They are replicated databases among a set of trusted nodes (validators). Have nothing to do with Satoshi's invention. Could have been around since the 1970s really.

Have nothing to do with Satoshi's invention. Could have been around since the 1970s really.

Wrong.

previous    00aaa926542a55e9ca9b9e678a93e6c6e4bf9c85
timestamp   2017-04-18T21:57:27
witness     gtg
transaction_merkle_root 382b5642e0c19f8558012e955eb81815d3322caf

https://steemdb.com/block/11184423

I know you may think it's obvious, but you didn't state why pfunk.

Is it because each block is signed by a particular witness unlike Bitcoin?

Someone with enough knowledge to make a claim that something is or isn't a blockchain would take the hint.

The point I'm making is the block I linked, that included his comment saying that Steem could have been around in the 1970s, contains a reference block_id which includes a hash of the previous block.

The first 4 bytes of the block_id is the hexadecimally encoded block number and the following data is a truncated hash of the block.

Blockchains are created and verified by "chaining" together a series of data blocks that include cryptographic hashes to the previous block. The "chains" between old blocks and new are mathematically strong crypto hashes. Any attempt for a single party in a decentralized ledger to change transaction data in an old block will fail because it breaks verification of the chain.

that's also what git does, and git is not a blockchain. The Merkle Tree was patented in 1979.

You're missing the point. Read the other comment. Or just quit trolling if you know better.

I did. You're (almost) perfectly describing Merkle Trees.

How are you defining a blockchain?

I see. Thanks for pinpointing the source of confusion. When Satoshi wrote that, no other viable method of securing a blockchain had been invented yet. His comment in the Bitcoin code is not a dogmatic definition to last forever.

Proof of work is not required for a secure blockchain. PoS, DPoS, and other methods have since been developed that are able to securely produce a chain of blocks linked together with cryptographic hash references to previous blocks.