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| author | Nicholas Johnson <mail@nicholasjohnson.ch> | 2025-02-05 00:00:00 +0000 |
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| committer | Nicholas Johnson <mail@nicholasjohnson.ch> | 2025-02-05 00:00:00 +0000 |
| commit | 52beb04b70f172ae1228038708e85a1117a2281e387057752ffe57f4f5f720b7 (patch) | |
| tree | b2d0cf01f6bcfbad6acb939c3445784a1142364ccb12e1dff645fb06d5b16627 /content/entry/future-proof-digital-timestamping.md | |
| parent | b85e898359c7391c620d7cfe9cec5fa24788ee87f6ffaf3c8e6fab1be09911e0 (diff) | |
| download | journal-52beb04b70f172ae1228038708e85a1117a2281e387057752ffe57f4f5f720b7.tar.gz journal-52beb04b70f172ae1228038708e85a1117a2281e387057752ffe57f4f5f720b7.zip | |
Correct usage of hyphen, em dash, and en dash
Diffstat (limited to 'content/entry/future-proof-digital-timestamping.md')
| -rw-r--r-- | content/entry/future-proof-digital-timestamping.md | 8 |
1 files changed, 4 insertions, 4 deletions
diff --git a/content/entry/future-proof-digital-timestamping.md b/content/entry/future-proof-digital-timestamping.md index f08eee6..395dba0 100644 --- a/content/entry/future-proof-digital-timestamping.md +++ b/content/entry/future-proof-digital-timestamping.md @@ -40,10 +40,10 @@ As it turns out, [SHA-1 is still good enough for OpenTimestamps](https://peterto ## Bitcoin Falling Out of Favor There's actually another problem with OpenTimestamps: It depends on Bitcoin. Bitcoin was the first cryptocurrency. Don't get me wrong, it was great for its time. But by today's standards, it has several severe design flaws: -* Not anonymous - blockchain is transparent. -* Environmentally destructive - uses proof of work. -* The mining is undemocratic - ASICs required. -* Value isn't backed by an asset or service - no smart contracts. +* Not anonymous — blockchain is transparent. +* Environmentally destructive — uses proof of work. +* The mining is undemocratic — ASICs required. +* Value isn't backed by an asset or service — no smart contracts. With all these design flaws, Bitcoin should've fallen out of favor years ago. Supposing people come to their senses and it does fall out of favor, it will lose its value. Then miners will quit mining. There will be nothing to secure the blockchain and it will be possible to rewrite blockchain history. Thus the timestamps won't be secure. |