Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

yes or any vc, or an incoming/outgoings journal, or a bank account ... except ... trustless and decentralized


I mean git is also trustless and decentralised


git is trustless to the extent of vc purposes. it is not trustless to the level of financial accounting. for example git has no concept of double spending, while in a blockchain there is (usually?) no concept of branching and merging. but you are right in that they are both based on merkle trees


Double spending avoidance cannot happen without a financial incentive ie currency is what I meant


> Double spending avoidance cannot happen without a financial incentive ie currency

the incentive (reward) is to make decentralized and trustless booking keeping possible, not the other way around




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: