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Author Topic: How close did they get to Blockchain before it was 'invented'?  (Read 345 times)
legendster (OP)
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May 22, 2019, 02:29:22 AM
 #21

UAIF seemed to be more of an API with an involvement of a decentralized body, completely far from the blockchain. The blockchain employs the use of a decentralized distributed database in the form of blocks, and that, to me sounds like the synthesis of different cryptographic papers and Satoshi openly admitted that in some of his replies and comments. Should computers and tech were widespread during the heydays of Chaum, Szabo and Dai, we may have seen a working cryptocurrency before bitcoin that is utilized heavily even if it's just confined in the interwebs but sadly, that was not the case.

This was close to the concept of a distributed ledger. Surely, a decentralized secured network of ledgers was not very unique when Satoshi wrote about it, research on the topic was being done thoroughly - but back then the internet was not strong enough to host such a wide scale application, hence these 'intranet' experiments existed.


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May 22, 2019, 02:56:40 AM
 #22

There is a big chance that they are that close or they even in blockchain without noticing it as they have the similarities in their principle.
Discovering something new is what most of us would like to achieve especially if we know that it has the potential to grow.

If they somehow realize it and they continue to further develop it then there is a big possibility that they were the founder of the current blockchain right now.

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August 27, 2019, 05:13:40 PM
 #23

There is a big chance that they are that close or they even in blockchain without noticing it as they have the similarities in their principle.
Discovering something new is what most of us would like to achieve especially if we know that it has the potential to grow.

If they somehow realize it and they continue to further develop it then there is a big possibility that they were the founder of the current blockchain right now.

The idea of decentralization is nothing new. And you are right, they didn't realize how close they had gotten to the working principles of Blockchain tech.

I guess, legacy hardware, inadequate research and a proper need was not yet realized. This was right around the time when Nixon shock was taking its effect and USD had just started to lose its value when compared to gold. People hadn't yet lost their hopes on the US currency. So there was no compelling need for an alternative currency system back then.


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