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npub1rkatdke2237uf5zw6pctfdgz8jvsrm6vrms0hrdcv6f22rv7f78qt3nvht

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nprofile1qqspmw4kmv49glwy6p8dqu95k5prexgpaaxpac8m3kuxdy49pk0ylrspz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsq3samnwvaz7tmjv4kxz7fwwdhx7un59eek7cmfv9kqshw8ul

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Last Notes

2023-06-07 02:46:09 UTC

- reply

📅 Original date posted:2011-12-13
🗒️ Summary of this message: Amir Taaki argues that FirstBits is useless due to the exponential rise in resources needed as the number of participants in the network grows linearly. He proposes a shared naming scheme between bitcoin implementations.
📝 Original message:On Mon, Dec 12, 2011 at 9:37 PM, Amir Taaki <zgenjix at yahoo.com> wrote:
> lol, way to miss the point nanotube.
>
> FirstBits *is* useless, but not for the reasons you specified. But simply because the resources it needs rises exponentially as the number of participants in the network grows linearly.
>
> The point is that if FirstBits were built into the implementation, that would allow me to simply send to 1brmlab. The proposal here is not for a website where people can lookup bitcoin addresses, but a shared naming scheme between bitcoin implementations. Here's the story again:
well, it's easy to miss the point when the example you use doesn't
make the point you think you're making. :D
but ok, yes, it would be nice to send directly to something like
1brmlab from the client. i suppose figuring out how to make sure that
1brmlab actually does send to whom you think it sends, is left to the
details of implementation, but that's a separate question.