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by hiq
1317 days ago
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> He can broadcast this on Twitter, but that is not a secure and tamper proof ledger, and it is centrally owned, and it's not a great storage mechanism for this system to scale to thousands or millions of signatures. Public blockchains[0] are not known to scale either. I can open a Twitter account for free and publish a signature right now, and do it on several other platforms at the same time to have some kind of redundancy. I only care about the medium being tamper-proof to be able to prove the signature is at least this old (if it's in a certain block, the signature was made before this block. If it's in a certain message on Twitter, it was made before this message). So from first principles, blockchains brings this theoretically better time-stamping mechanism, because somebody controlling Twitter could change timestamps there, while nobody could on a blockchain. In practice though, the redundancy is enough, and it's hard to change something people care about on the Internet without people noticing. Overall this use-case somewhat legit (more legit than most), but it's a niche within a niche. [0]: as defined in https://www.schneier.com/essays/archives/2019/02/theres_no_g... |
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What I outlined is unlikely to ever be realistic on a L1, but recursive zk rollups that post proofs to L1 do scale very well and have strong security and tamper-proof guarantees.