Re:Filecoin Foundation Grants 50k FIL to the Internet Archive
by leoc on Friday April 02, 2021 @09:47AM
(#26671365)
It's also worth adding that the general idea of using distributed proof-of-work things in Internet protocols goes back quite a long way, to 1997 at least https://en.wikipedia.org/wiki/Hashcash : it's not just a post-Bitcoin/ICO-era notion.
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Re:Filecoin Foundation Grants 50k FIL to the Internet Archive
by Groxx on Friday April 02, 2021 @01:39PM
(#26673726)
Yeah, I sincerely wish hashcash had succeeded, it seems like a viable route for nigh-eliminating spam.
Bitcoin's achievement isn't a radically new core algorithm of any kind, it's using existing stuff in a clever way, to make it self-reinforcing even when thrown at humans. (I mean, yea, that's an algorithm, but you get my meaning)