While the OSI model is commonly referenced it's pretty rare to see the Internet Protocol Suite. In this case, I'd argue the author could have said we need an alternate transport protocol but with his argument I don't think you can say that crypto-currencies aren't just another application (as noted elsewhere).
Bonus points for the Snow Crash quote though - one of my favorite authors!
Re:The Fifth Protocol (2014)
by incidentnormal on Sunday May 28, 2017 @04:41AM
(#14433568)
I find the concepts of session and presentation layers within the OSI model to be quite nebulous today, especially when you try to map TCP/IP concepts onto them - because it's not a like-for-like comparison.
I think I prefer the '5th layer' concept - an extension of the TCP/IP stack between 'Transport' and 'Application'.
The original article argues that cryptocurrencies are a layer of protocol, wrapping those above it. Looking at NameCoin, it isn't an argument that should be dismissed out of hand.