Bit Gold proposal - Revision history

JonathanCross: Linking to Nick Szabo article and simplifying "proof of work" link and minor adjustment of wording.

2016-05-10T16:42:48Z

Linking to Nick Szabo article and simplifying "proof of work" link and minor adjustment of wording.

← Older revision		Revision as of 16:42, 10 May 2016
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	The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of unforgeable ~~chains of~~ [[proof ~~of work\|proofs~~ of work]], with each one being attributed to its discoverer's public key, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce, difficult to produce, ~~and~~ securely stored and transferred. Szabo's theory of the economics of such money is described in the linked article on [http://szabo.best.vwh.net/shell.html the origins of money].		The '''Bit Gold''' proposal, by [[Nick Szabo]], describes a system for the decentralized creation of unforgeable [[proof of work]] chains, with each one being attributed to its discoverer's public key, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce, difficult to produce, could be securely stored and transferred. Szabo's theory of the economics of such money is described in the linked article on [http://szabo.best.vwh.net/shell.html the origins of money].

	Transfer with prevention of [[double-spending]], via a Byzantine-resilient peer-to-peer method, is described in another linked article which calls the method [http://szabo.best.vwh.net/securetitle.html secure property titles] and proposes also applying it to other kinds of digital property, such as domain names. However, this Byzantine method relies on a ''quorum of network addresses'' rather than a ''quorum of (hash) computing power'', so unlike bitcoin it is vulnerable to [http://en.wikipedia.org/wiki/Sybil_attack Sybil attacks].		Transfer with prevention of [[double-spending]], via a Byzantine-resilient peer-to-peer method, is described in another linked article which calls the method [http://szabo.best.vwh.net/securetitle.html secure property titles] and proposes also applying it to other kinds of digital property, such as domain names. However, this Byzantine method relies on a ''quorum of network addresses'' rather than a ''quorum of (hash) computing power'', so unlike bitcoin it is vulnerable to [http://en.wikipedia.org/wiki/Sybil_attack Sybil attacks].

Sunnankar: /* References */

2015-07-18T00:32:08Z

References

← Older revision		Revision as of 00:32, 18 July 2015
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	* [http://szabo.best.vwh.net/shell.html The origins of money]		* [http://szabo.best.vwh.net/shell.html The origins of money]
	* [http://www.runtogold.com/goldmoney/bitgold-review/ Bitgold Review] - Not related to Szabo's Bitgold whatsoever.		* [http://www.runtogold.com/goldmoney/bitgold-review/ Bitgold Review] - Not related to Szabo's Bitgold whatsoever.
			* [https://www.weusecoins.com/bitgold/ Bitgold Review]

Sunnankar: /* References */

2015-06-17T15:15:36Z

References

← Older revision		Revision as of 15:15, 17 June 2015
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	* [http://unenumerated.blogspot.com/2005/12/bit-gold.html Bit gold]		* [http://unenumerated.blogspot.com/2005/12/bit-gold.html Bit gold]
	* [http://szabo.best.vwh.net/securetitle.html Secure property titles with owner authority]		* [http://szabo.best.vwh.net/securetitle.html Secure property titles with owner authority]
	* [http://szabo.best.vwh.net/shell.html The origins of money]		* [http://szabo.best.vwh.net/shell.html The origins of money]
			* [http://www.runtogold.com/goldmoney/bitgold-review/ Bitgold Review] - Not related to Szabo's Bitgold whatsoever.

Sgornick: Make reference to double spending be a link to the article.

2012-06-18T17:24:32Z

Make reference to double spending be a link to the article.

← Older revision		Revision as of 17:24, 18 June 2012
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	The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of unforgeable chains of [[proof of work\|proofs of work]], with each one being attributed to its discoverer's public key, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce, difficult to produce, and securely stored and transferred. Szabo's theory of the economics of such money is described in the linked article on [http://szabo.best.vwh.net/shell.html the origins of money].		The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of unforgeable chains of [[proof of work\|proofs of work]], with each one being attributed to its discoverer's public key, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce, difficult to produce, and securely stored and transferred. Szabo's theory of the economics of such money is described in the linked article on [http://szabo.best.vwh.net/shell.html the origins of money].

	Transfer with prevention of double-spending, via a Byzantine-resilient peer-to-peer method, is described in another linked article which calls the method [http://szabo.best.vwh.net/securetitle.html secure property titles] and proposes also applying it to other kinds of digital property, such as domain names. However, this Byzantine method relies on a ''quorum of network addresses'' rather than a ''quorum of (hash) computing power'', so unlike bitcoin it is vulnerable to [http://en.wikipedia.org/wiki/Sybil_attack Sybil attacks].		Transfer with prevention of [[double-spending]], via a Byzantine-resilient peer-to-peer method, is described in another linked article which calls the method [http://szabo.best.vwh.net/securetitle.html secure property titles] and proposes also applying it to other kinds of digital property, such as domain names. However, this Byzantine method relies on a ''quorum of network addresses'' rather than a ''quorum of (hash) computing power'', so unlike bitcoin it is vulnerable to [http://en.wikipedia.org/wiki/Sybil_attack Sybil attacks].

	==References==		==References==

Eldentyrell: mention that bit-gold is based on quorum-of-network-addresses rather than quorum-of-computing-power

2012-06-01T19:55:39Z

mention that bit-gold is based on quorum-of-network-addresses rather than quorum-of-computing-power

← Older revision		Revision as of 19:55, 1 June 2012
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	The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of unforgeable chains of [[proof of work\|proofs of work]], with each one being attributed to its discoverer's public key, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce, difficult to produce, and securely stored and transferred. Szabo's theory of the economics of such money is described in the linked article on [http://szabo.best.vwh.net/shell.html the origins of money].		The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of unforgeable chains of [[proof of work\|proofs of work]], with each one being attributed to its discoverer's public key, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce, difficult to produce, and securely stored and transferred. Szabo's theory of the economics of such money is described in the linked article on [http://szabo.best.vwh.net/shell.html the origins of money].

	Transfer with prevention of double-spending, via a Byzantine-resilient peer-to-peer method, is described in another linked article which calls the method [http://szabo.best.vwh.net/securetitle.html secure property titles] and proposes also applying it to other kinds of digital property, such as domain names.		Transfer with prevention of double-spending, via a Byzantine-resilient peer-to-peer method, is described in another linked article which calls the method [http://szabo.best.vwh.net/securetitle.html secure property titles] and proposes also applying it to other kinds of digital property, such as domain names. However, this Byzantine method relies on a ''quorum of network addresses'' rather than a ''quorum of (hash) computing power'', so unlike bitcoin it is vulnerable to [http://en.wikipedia.org/wiki/Sybil_attack Sybil attacks].

	==References==		==References==

Flegelpuss: Links to Szabo's descriptions of economics and how transfers are done

2011-07-02T22:49:49Z

Links to Szabo's descriptions of economics and how transfers are done

← Older revision		Revision as of 22:49, 2 July 2011
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	The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of an unforgeable ~~chain~~ of [[proof of work\|proofs of work]], with each one being attributed to its discoverer, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce ~~and~~ difficult to produce.		The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of unforgeable chains of [[proof of work\|proofs of work]], with each one being attributed to its discoverer's public key, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce, difficult to produce, and securely stored and transferred. Szabo's theory of the economics of such money is described in the linked article on [http://szabo.best.vwh.net/shell.html the origins of money].

	~~It is not said how transfers~~ of ~~ownership would be done. Also~~, the ~~"strings~~ of ~~bit gold" described cannot be divided~~.		Transfer with prevention of double-spending, via a Byzantine-resilient peer-to-peer method, is described in another linked article which calls the method [http://szabo.best.vwh.net/securetitle.html secure property titles] and proposes also applying it to other kinds of digital property, such as domain names.

	==References==		==References==
	* [http://unenumerated.blogspot.com/2005/12/bit-gold.html ~~Blog post~~]		* [http://unenumerated.blogspot.com/2005/12/bit-gold.html Bit gold]
			* [http://szabo.best.vwh.net/securetitle.html Secure property titles with owner authority]
			* [http://szabo.best.vwh.net/shell.html The origins of money]

Prcarter at 02:10, 3 March 2011

2011-03-03T02:10:05Z

← Older revision		Revision as of 02:10, 3 March 2011
Line 1:		Line 1:
	The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of an unforgeable chain of [[proof of work\|proofs of work]], with each one being attributed to its discoverer, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce and difficult to produce.		The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of an unforgeable chain of [[proof of work\|proofs of work]], with each one being attributed to its discoverer, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce and difficult to produce.

			It is not said how transfers of ownership would be done. Also, the "strings of bit gold" described cannot be divided.

	==References==		==References==
	* [http://unenumerated.blogspot.com/2005/12/bit-gold.html Blog post]		* [http://unenumerated.blogspot.com/2005/12/bit-gold.html Blog post]

Prcarter at 02:05, 3 March 2011

2011-03-03T02:05:28Z

← Older revision		Revision as of 02:05, 3 March 2011
Line 1:		Line 1:
	The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of an unforgeable chain of [[proofs of work]], with each one being attributed to its discoverer, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce and difficult to produce.		The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of an unforgeable chain of [[proof of work\|proofs of work]], with each one being attributed to its discoverer, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce and difficult to produce.

	==References==		==References==
	* [http://unenumerated.blogspot.com/2005/12/bit-gold.html Blog post]		* [http://unenumerated.blogspot.com/2005/12/bit-gold.html Blog post]

Prcarter: Created page with "The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of an unforgeable chain of proofs of work, with each one being attributed to its disco..."

2011-03-03T02:04:48Z

Created page with "The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of an unforgeable chain of proofs of work, with each one being attributed to its disco..."

New page

The Bit Gold proposal, by Nick Szabo, describes a system for the decentralized creation of an unforgeable chain of [[proofs of work]], with each one being attributed to its discoverer, using timestamps and digital signatures. It is said that these proofs of work would have value because they would be scarce and difficult to produce.

==References==
* [http://unenumerated.blogspot.com/2005/12/bit-gold.html Blog post]