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by latitude
4754 days ago
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Here's an autopsy of my foray into this domain - http://swapped.cc/certtime My takeaway is that this is a variation of an insurance business - you have to sell people on needing protection for times when sh#t hits the fan. It's an unpleasant topic and very few would ever want to concern themselves with it, at least voluntarily. So making something like VirtualNotary work is pretty much exclusively a sales and distribution problem. The technical side is easy. |
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Open source distributions, for instance, are currently distributed along with a hash, supposedly for protection, but we all know that those hashes are essentially worthless. This is a way to get integrity protection for free.
Employment status is another case where an independent certificate that you were employed at that instant would be valuable for the recipient.
Raffles and so forth are entirely untrustworthy at the moment; participants need to trust the reputation of the raffle holder, and while there are some laws, they are just not enforced.
In all these cases, VN can provide a useful service far before anything hits the fan. CertTime looks like it was a great attempt at a very specific instance of the problem. Virtual Notary is attempting to tackle a more general version of the attestation problem, so I'm hoping that there are more savvy users to draw on.
We've been running the service for many months now, and it costs 0.005 BTC per day, which is a small price to pay for a useful service. Just curious about what caused you to shut the service down.