Comment on US passes Genius Act, first major national crypto legislation
knightly@pawb.social 3 days agoIt’s not a scientific breakthrough. I’ve been using distributed hash tables since the early oughts, assigning monetary value to it wasn’t innovation.
Bitcoin was never going to be what it was claimed to be because it isn’t designed for anonymity. The blockchain doesn’t forget, every transaction goes into a permanent ledger and can’t be reversed or cancelled. That makes it a liability.
locuester@lemmy.zip 3 days ago
I thought that word might bug someone.
It’s not just a distributed hash table. That’s not a trustless cache. It’s Byzantine fault tolerant. Trustless.
It combines game theory with distributed hash tables and makes them irreversible.
And yes, even satoshi himself was upset he couldn’t get the anonymity perfect. Great strides in other chains to do that, and zk stuff for confidential activity.
Look, it’s not for everyone. It’s not for you obviously. But it’s a breakthrough for sure - tech, science, whatever category you want.
It’s the first time man created a system that can’t be reverted. That’s a big deal.