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Re:The Non-Innovation of Cryptocurrency by creshal on Thursday July 08, 2021 @05:49AM (#27769965)
Git is not a blockchain, there's no distributed consensus algorithm. The consensus on what's the main branch and what's the authoritative history lies with Linus Torvalds.

> The "Bitcoin" application is a tool useful for buying and selling recreational drugs without exposure to the physical risk posed by cash transactions.

It hasn't been since at least 2018; authorities regularly seize millions worth of bitcoins together with drug dealers, and have been openly bragging about their de-anonymization successes as early as 2019.

Re:The Non-Innovation of Cryptocurrency by neolog on Thursday July 08, 2021 @06:01AM (#27770049)
clarified above, I mean interparty violence, not legal threat

> what's the authoritative history lies with Linus Torvalds.

I agree with your point about distributed consensus in general, but there isn't really a single authoritative history of linux, there are tons of important forks simultaneously maintained.

As for deanonymization, that doesn't seem to be very common. Compare to the rate at which people get busted by street cops for buying drugs.

Re:The Non-Innovation of Cryptocurrency by creshal on Thursday July 08, 2021 @06:28AM (#27770217)
> I agree with your point about distributed consensus in general, but there isn't really a single authoritative history of linux, there are tons of important forks simultaneously maintained.

What does that have to do with blockchain? Is bittorrent to you "blockchain for downloads" just because it's decentralized and has hashes?

Re:The Non-Innovation of Cryptocurrency by neolog on Thursday July 08, 2021 @06:49PM (#27778583)
I've changed my mind after reading https://en.wikipedia.org/wiki/Blockchain#Structure