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maraoz (OP)
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May 22, 2013, 03:52:33 AM
Last edit: January 11, 2023, 06:40:40 PM by maraoz
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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TsuyokuNaritai
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May 22, 2013, 04:51:17 AM
 #2

Awesome, but...

Uploading a document is free, and we don't store it, so give it a try!

We can embed the document's digest in the blockchain for you!

You'll need to pay 0.005 bitcoins to do so, as required by our embedding algorithm

Not saying it should be free, but it can look bad if you say so in your advertising when it's not.

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May 22, 2013, 04:57:19 AM
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Only the digest? I'd like to store actual full documents. Say, my encrypted wallet backup.
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May 22, 2013, 12:43:21 PM
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I meant uploading is free, but then you need to pay the transaction fees to have it embedded in the blockchain. Is it misleading?
Can you adapt your system to allow me to embed arbitrary data? I'm happy to pay a bitcoin or so to know that an encrypted copy of my wallet is in the blockchain.

inb4 #bitcoin-dev catches this.
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May 22, 2013, 02:45:10 PM
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I meant uploading is free, but then you need to pay the transaction fees to have it embedded in the blockchain. Is it misleading?

It's like saying your new car is free, but the engine will cost $20,000.

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