Posts with keyword: transactions

4 entries

Bitcoin isn’t Money—It’s the Internet of Money

Sat Jan 11 10:15:00 2014

If you've ever wondered why everyone's making such a fuss about Bitcoin, this is worth reading: Bitcoin isn't Money--It's the Internet of Money. Here's the money quote (no pun intended): Bitcoin is a new transport layer for finance that allows decentralized, disruptive, permissionless development of applications on a separate layer. It has the capability to do for finance what the Internet did for communication. People have a hard time understanding decentralized systems and they don't always get the power of a platform. Bitcoin and other cryptocurrencies are both.
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Someone Clue Delta in About Transactional Integrity

Tue May 10 09:23:00 2011

Delta Airline's ticket kiosks apparently were designed and built by 1st year CS students using Visual Basic. I'm guessing that's the case based on the fact that they apparently have never heard that when you sell someone something, it's bad form to take their money and not deliver the product. They don't know that you should wrap such processes in transactions to ensure they're atomic. Someone needs to give them a clue. Last Friday on our way home from San Jose, Steve and I had the chance to get on an earlier flight for $50 each. I was checking
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Some Thinking About Reputation

Fri Feb 3 11:19:00 2006

In my grad class this semester, we're designing and building a reputation system. Today we had some discussions which I wanted to capture and get feedback on. First, the overall idea is that reputation is computed from identity and transactional data. So a reputation, R, is calculated as follows: I == a vector of identities TxI == a vector of transactions on I VI == a vector of verification data on I R = F(I, VI, TxI) Some thoughts Allow users to assert I The system would provide ways for users and others to verify I (forming VI) The
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Owning Identity, Not Reputation or Transactions

Tue Jan 24 13:13:00 2006

Bob Blakeley, who writes frequently about identity issues has an interesting post entitled On The Absurdity of "Owning One's Identity" in response to Kim Cameron's first law. The first law states: Technical identity systems must only reveal information identifying a user with the user's consent. Bob, rightly, recognizes that this really isn't a law and goes on to give various reasons why it's unenforceable. Drummond Reed points out, that Kim's talking about "technical" systems, not the processes that might be built on top of them. Even so, there are some interesting issues here that point out why identity and
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