mountainboy
Joined 6 years ago
Joined 6 years ago
Bitcoin was the result of cypherpunks going back to the drawing board to create a decentralized solution. Unfortunately bitcoin sacrificed unlinkability for decentralization. Modern "privacy" cryptocurrencies utilizing zero-knowledge proofs are advancing the state-of-the-art in terms of having both properties.
A decentralized DBC "mint" is theoretically possible. However there are two more downsides to blind signature approach: (1) auditing is impossible because there is no history so detecting if mint-node(s) have colluded to cheat or catching an inflation bug is unsolved problem. (2) Arbitrary amounts are not supported so it is necessary to create fixed denomination "notes", which then add size and complexity to every transaction.
source: been there, done that. bought the t-shirt.
blog post: https://neptune.cash/blog/mutator-sets/
technical paper: https://eprint.iacr.org/2023/1208.pdf
Don't forget XML-RPC :-)
They couldn't replace a few spark plugs?
big pharma? government lobbied by big pharma? universities given grants from government lobbied by big pharma?
actually though, the soviets did do serious research into the science/benefits of fasting. Too bad it never really made it to the west.
Watch the video: "The Science of Fasting" for an overview.