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Comment by kang

A service like this already exists - zapchain.com (bitcoin instead of ether). I have earned billions of satoshi on it but well, it is failing. Because identity could not be solved with partial blockchain, same mistake Akasha is doing.

An identity is a proxy for past work done, which the identifier further wishes to use as a proxy for future working. A blockchain bypasses this by directly asking a proof of current work, irrelevant of past work done.

When a system does not use an exclusive blockchain, the identity is unable to proxy itself through PoW. Spam rules zapchain now.

To make this work they need a PoW Akashacoin.

parent kang 10 years ago

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