Quote from: Blueberry408 on November 30, 2013, 07:47:18 AM

Bitcoin may have these capabilities already, but will bitcoin have turned into a fading fad by the time your project gets to field trials? Do these capabilities translate into mining rewards and fees for your network's guarantors?

Quote from: JackH on November 27, 2013, 08:23:17 PM

Looking at Bitcoin, it is probably the most secure tokenized system the world has today. But how can I use either Bitcoin, or maybe even the block-chain/miner & nodes validation, for third party projects.

I could imagine this in a project where Bitcoin would act as timestamp for certain routines, or for validating certain requests historically, but that would mean I need to lean towards Bitcoin itself, and not fork the project, which in turn gives me an obsolete/insecure alt-coin that does not give the hashing protection Bitcoin has, and can be tampered with. My point is that I want a decentralized database, protected by miners. It is great for sessions, storage, proof of work, proof of ownership etc.

So what is the suggestion in the community about this? Fork? Build a layer on of Bitcoin somehow? Fork the block-chain, and keep the hash power? (not even possible I assume)

What are you on about? Even IF Bitcoin was to turn into a so-called fad, the existence of block-chain/mining security based applications are a great feature for any project.

Quote from: gmaxwell on November 30, 2013, 12:02:01 AM

Quote from: cnk on November 28, 2013, 01:34:06 PM

There is a service that uses bitcoin blockchain to prove that certain data exists at a certain moment of time [link removed] . This is done by generating a bitcoin transaction (unspendable) to two specially crafted addresses.

This is a very inefficient and destructive way to perform this tasks. I would not recommend using or promoting this service.

Could you expand more on your thoughts for this? From my point of view this service already done a lot of neat things. What is the downfall?