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If they really mean the internet, I just dont see how the bitcoin blockchain can exist without the Internet.

If they really mean the internet, I just dont see how the bitcoin blockchain can exist without the Internet. It's not a way to transmit information without IP (or an equivalent protocol) If they mean the Web, well, there already is something working that solve the same problems, it's call Freenet and near to no one use it (at least "normal" people. Cryptoanarchists and techies don't count) The biggest problem with the blockchain is that every (at least veryfing) node need a full copy of it. Storing data in it mean duplicating it for every node, and it has enormous costs. Try storing 1GB of data (for example, a movie) in it...

Posted by palunon on Jan 13, 2015, 10:26 PM

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If they really mean the internet, I just dont see how the bitcoin blockchain can exist without the Internet.

palunonJan 13, 2015, 10:26 PM

If they really mean the internet, I just dont see how the bitcoin blockchain can exist without the Internet. It's not a way to transmit information without IP (or an equivalent protocol) If they mean the Web, well, there already is something working that solve the same problems, it's call Freenet and near to no one use it (at least "normal" people. Cryptoanarchists and techies don't count) The biggest problem with the blockchain is that every (at least veryfing) node need a full copy of it. Storing data in it mean duplicating it for every node, and it has enormous costs. Try storing 1GB of data (for example, a movie) in it...

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