rich1.0npub1rkatdke2237uf5zw6pctfdgz8jvsrm6vrms0hrdcv6f22rv7f78qt3nvhthttps://nostr.ae/npub1rkatdke2237uf5zw6pctfdgz8jvsrm6vrms0hrdcv6f22rv7f78qt3nvhtnjumphttps://nostr.ae📅 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.