Post
Topic
Board Development & Technical Discussion
Re: On The Longest Chain Rule and Programmed Self-Destruction of Crypto Currencies
by
Ikinoki
on 10/05/2014, 11:33:19 UTC
Anyone having any significant degree of knowledge in Network Protocols will say that timestamping between trustless nodes is a really bad idea...
The guy who wrote this is definitely not scholar, many words used are **Breaking** category.

Why Satoshi did not use timestamps? Because they are easily faked and there is no way to check them, merkle tree - not so.


While I agree on the mining dependency, the article does not provide any solution to problem.
One solution is per hash merkle trees (so multiple blockchains for each) - and removing the mining replacing it with accounting hubs.