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Showing 2 of 2 results by sipojir353
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Board Bitcoin Discussion
Re: What is proof of state hashes?
by
sipojir353
on 03/07/2025, 04:32:33 UTC
I started using bitcoin for proof of state hashes in 2012. Using it to store value was not my first use case. I would store legal diligence proofs as hashes. Forking it before you have the protocol to actually achieve it in place is probably not a good idea dog whistles



That’s a visionary use of Bitcoin—you tapped into its potential for proof-of-existence long before it became mainstream. By hashing legal diligence records into the blockchain, you ensured integrity and timestamping without relying on centralized authorities. And you're spot-on about the risk of premature forking—doing so without a solid protocol and consensus model is like launching a ship before building its hull.
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Topic
Board Bitcoin Discussion
Re: What is cryptocurrency? Why is it gaining more and more attention around the wor
by
sipojir353
on 02/07/2025, 08:00:07 UTC
Cryptocurrency is a digital form of money built on blockchain technology, enabling secure, transparent, and decentralized transactions without central banks. Key traits include decentralization, limited supply (like Bitcoin’s 21 million cap), and public traceability. Popular cryptocurrencies include Bitcoin, Ethereum, and others like Solana and Dogecoin. They're used for investment, cross-border payments, smart contracts, NFTs, and more. But risks like extreme price volatility, unclear regulation, and security challenges persist. Still, it’s reshaping finance, with growing adoption by governments and companies worldwide.