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Author Topic: Uses of Bitcoin digital good cryptographic key pair certificates - Top 3 list  (Read 754 times)
cloud9
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June 23, 2011, 05:51:30 PM
 #1

1.  Globalised, decentralised, secure accounting system
2.  Sending encrypted messages publicly VERY securely to anyone you shared your wallet.dat file with (you both have the public and private key) for the value of potentially only 0.00000001 btc each (excluding transaction costs - because no transaction happens over the bitcoin network) - much cheaper than a one time pad - What would be the value of that?!?
3.  Security applications where strong passwords are required - one 0.00000001 btc can be used only once and then the next in a the wallet.dat file for the next login!

and more

4.  ...

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
1513460236
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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TKE406
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June 23, 2011, 08:02:23 PM
 #2

Number one is most useful. Governments and institutions can be forced to implement such ideas to prevent fraud, laundering, and other financial crimes by people who can do the most damage (CEOs, Politicians, Military Generals, other "higher up" people who tend to get bought off.
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