![]() If my account has 1 e-dollar, what’s to stop me from e-depositing it to your account, while still having 1 e-dollar in my own? The system can tell it’s not a valid part of the chain.īefore all this, the problem with “digital currencies” was, what stops you from getting infinite amounts of it? If I have a JPG, I can email it to you (or as many other people as I want) and it’s still on my hard drive. So you can’t sneak in a new/altered block somewhere in the middle, because it won’t fit the information in the block that’s supposed to come after it. The records are linked into a “chain” because each individual record includes information about the record before it. In cryptocurrency, these are mostly records of “Person A transferred X amount of Currency Y to Person B.” Also other stuff, but the crypto market is the most famous thing it’s used for.Īt heart, it’s just a list of records (“blocks”). Reading all of those might take longer.) “WTF is this blockchain stuff? I know Bitcoin is a thing that exists, but that’s about it.”įull disclosure, I had the Wikipedia article on blockchain open as I typed this, just to make sure I kept all the terms straight:īlockchain is the technology that Bitcoin and other cryptocurrencies run on. Mostly in random chunks, based on what’s relevant to the latest scam.įor those of you who are not thirsty benches that live for drama, I’m going to try to organize the useful parts into a single post, which you can read and digest in one sitting. ![]() Which means Comics Fans In General should try to have some informed opinions about them, you know?Īs a casual rubbernecker of crypto-community scandals, I’ve been picking up that information for a while now. But it brings home a broader point that Blockchain Stuff In General is getting more interest outside the crypto-insider community. Listen, I fully expect their plans to get some revision. So the Kickstarter site has made An Announcement, and the reaction from the creative community has been, uh…bad.
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