Sociopath Community

Sounds alien to me.

Blue_Jay said: 

Sounds alien to me.

 Hopefully we both learn a lot then.

 I'll try to keep the more mathematical parts comprehensible.

So, explaining block-chains mathematically?  Or specifically the techniques of encryption only?  It isn't all what cryptocurrency is, as I understand it.

...Okay, so a building process of concepts.

Buttered Toast said: 

So, explaining block-chains mathematically?  Or specifically the techniques of encryption only?  It isn't all what cryptocurrency is, as I understand it.

Mostly the consensus algorithm.

A wise anon once told me,

Anon said:

A blockchain is just a linked list of hashes and hashed data. The interesting thing is the proof of work consensus algo that's used to append entries.

All cryptocurrencies as technologies are fundamentally just this.

However, they are also "currency" (not really the right category for them honestly) and therefore have   price dynamics and other financial properties that go beyond technological implementation. That layer of the phenomena is best described using varying forms of Probability Theory, Mathematical Statistics, and Time Series Analysis.

Finally, there is a social layer which is resistant to quantification.

So I agree Crypto as phenomena is more than just the implementation of any given protocol.

Yeah simply a digital ledger. Just numbers.

Due to the level of security, I consider blockchain technology to be the truth, even if someone uploaded bullshit on there, what will hold true is that there's bullshit on there that cannot be undone, and it was done at this time on that day.

Blue_Jay said: 

Yeah simply a digital ledger. Just numbers.

Due to the level of security, I consider blockchain technology to be the truth, even if someone uploaded bullshit on there, what will hold true is that there's bullshit on there that cannot be undone, and it was done at this time on that day.

 A solid way of looking at it.

 This thread will hopefully reveal why it is truth as you put it.

AliceInWonderland said: 

Blue_Jay said: 

Yeah simply a digital ledger. Just numbers.

Due to the level of security, I consider blockchain technology to be the truth, even if someone uploaded bullshit on there, what will hold true is that there's bullshit on there that cannot be undone, and it was done at this time on that day.

 A solid way of looking at them.

 This thread will hopefully reveal why it is truth as you put it.

 I don't think I'll break it down as much as you would. You're going to see algorithms that were done on purpose.

I think cryptocurrencies show us how the only thing that's important, is that we're able to track our merit.

I mean if we were able to do this mentally without any possibility of cheating, we'd appear to be a cashless species that does have a legitimate currency, of course that would be numbers.

Bitcoin being the least advanced cryptocurrency, probably has the most secure blockchain. This has to do with greater hashpower from what I understand.

I don't know what will happen if all but 1 miner shut down. The blocks ( every single one ) has to reach a concensus that something happened, maybe it would take forever if 1 miner was on the network, while it's less secure  ( granted more miners increase the security on the blockchain.)

This should be interesting, looking forward to it. As the analogy is mining gold as money, another ridiculously wasteful task.

LiYang said: 

This should be interesting, looking forward to it. As the analogy is mining gold as money, another ridiculously wasteful task.

Wouldn't you be more on board with taking as much human interference (i.e. government) out of the economy as possible, adding a more trustworthy and unbiased system to facilitate trade?