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by irjustin
2211 days ago
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Let's say you can't manipulate history (it's possible btw). History is only as good as the one telling the story. In this case, who inserted the initial video? The FIRST person who inserted gets to say "this is truth". With Bitcoin what's being traded existed from the beginning. It was "mined" from the original pool. Here we all collectively said, "we trust that original pool not to be shifty". So because we trust that original source, we can trade these "items" confidently. Here the question isn't "Proof of work", it's "proof of source" which currently I cannot see a good solution for. |
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Proof of Authority. What matters is the reputation of the source. You can have varying degrees of trustworthiness based on an source's reputation, which is built up on the chain.
For example, Craig Wright has faced a lot of backlash for claiming to be Satoshi Nakamoto. There's been no way for him to be proven wrong. Recently, someone signed a transaction with an address that hadn't moved Bitcoin since 2009 (implying it was an early adopter or contributor) and they called out Wright's lie (he had claimed to own that block).
So Wright lost credibility. That's what we need. We need the ability to develop reputation on the blockchain and a way to punish that reputation economically for posting invalid data.
EDIT (I'm out of HN replies): Reputation can be established based on a staking transaction. You create a smart contract for say, independent journalist Tim Pool. He signs it and stakes some amount and publicly declares that address to be his. He posts all his videos with a signature embedded that can be validated against that contract. The hardware itself (with algos signed by chip manufacturer) could also sign the video. An open source app could also sign. If you've got 3 signatures on a video HW, SW, and individual (associated with smart contract address) and a public blockchain timestamp, you've got a high degree of trustworthiness in that footage.