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by ujal 3064 days ago
It does use bitcoin to verify the transactions. Point is, bitcoin - currently being the biggest blockchain deployed - is more trustworthy than most governments and therefore most currencies.

I am not an economist though and regulations seem to be necessary in the real world. Any ideas as to what technology, giving widespread adoption, would make them obsolete?
1 comments
notyourday 3064 days ago
If the claim is that the private data unrelated to bitcoin transactions is being published and verified on a bitcoin blockchain then this is a scam.

It is absolutely amazing that the person who wrote this article still has a title of a Senior Editor that claims to write on this topic.

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ujal 3064 days ago
It is possible to hash the data and make that hash part of the transaction [0].

[0] https://arxiv.org/abs/1502.04015

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notyourday 3064 days ago
That's not the application, however.
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