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| Started by | Sam Wormley <swormley1@gmail.com> |
|---|---|
| First post | 2016-04-24 19:45 -0500 |
| Last post | 2016-04-25 17:47 -0700 |
| Articles | 5 — 3 participants |
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Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the No-Cloning Theorem of Quantum Mechanics Sam Wormley <swormley1@gmail.com> - 2016-04-24 19:45 -0500
Re: Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the No-Cloning Theorem of Quantum Mechanics Double-A <double-a3@hush.com> - 2016-04-25 17:23 -0700
Re: Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the No-Cloning Theorem of Quantum Mechanics Sam Wormley <swormley1@gmail.com> - 2016-04-25 19:30 -0500
Re: Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the No-Cloning Theorem of Quantum Mechanics jimp@specsol.spam.sux.com - 2016-04-26 00:43 +0000
Re: Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the No-Cloning Theorem of Quantum Mechanics Double-A <double-a3@hush.com> - 2016-04-25 17:47 -0700
| From | Sam Wormley <swormley1@gmail.com> |
|---|---|
| Date | 2016-04-24 19:45 -0500 |
| Subject | Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the No-Cloning Theorem of Quantum Mechanics |
| Message-ID | <L82dnccQqPQt9YDKnZ2dnUU7-WWdnZ2d@giganews.com> |
Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the No-Cloning Theorem of Quantum Mechanics > http://arxiv.org/abs/1604.01383 > The digital currency Bitcoin has had remarkable growth since it was > first proposed in 2008. Its distributed nature allows currency > transactions without a central authority by using cryptographic > methods and a data structure called the blockchain. In this paper we > use the no-cloning theorem of quantum mechanics to introduce Quantum > Bitcoin, a Bitcoin-like currency that runs on a quantum computer. We > show that our construction of quantum shards and two blockchains > allows untrusted peers to mint quantum money without risking the > integrity of the currency. The Quantum Bitcoin protocol has several > advantages over classical Bitcoin, including immediate local > verification of transactions. This is a major improvement since we no > longer need the computationally intensive and time-consuming method > Bitcoin uses to record all transactions in the blockchain. Instead, > Quantum Bitcoin only records newly minted currency which drastically > reduces the footprint and increases efficiency. We present formal > security proofs for counterfeiting resistance and show that a quantum > bitcoin can be re-used a large number of times before wearing out - > just like ordinary coins and banknotes. Quantum Bitcoin is the first > distributed quantum money system and we show that the lack of a paper > trail implies full anonymity for the users. In addition, there are no > transaction fees and the system can scale to any transaction volume. -- sci.physics is an unmoderated newsgroup dedicated to the discussion of physics, news from the physics community, and physics-related social issues.
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| From | Double-A <double-a3@hush.com> |
|---|---|
| Date | 2016-04-25 17:23 -0700 |
| Message-ID | <c5b855bf-4767-4cb7-b26b-84cbf9b21e76@googlegroups.com> |
| In reply to | #572989 |
On Sunday, April 24, 2016 at 5:45:40 PM UTC-7, Sam Wormley wrote: > Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the > No-Cloning Theorem of Quantum Mechanics > > http://arxiv.org/abs/1604.01383 > > > The digital currency Bitcoin has had remarkable growth since it was > > first proposed in 2008. Its distributed nature allows currency > > transactions without a central authority by using cryptographic > > methods and a data structure called the blockchain. In this paper we > > use the no-cloning theorem of quantum mechanics to introduce Quantum > > Bitcoin, a Bitcoin-like currency that runs on a quantum computer. We > > show that our construction of quantum shards and two blockchains > > allows untrusted peers to mint quantum money without risking the > > integrity of the currency. The Quantum Bitcoin protocol has several > > advantages over classical Bitcoin, including immediate local > > verification of transactions. This is a major improvement since we no > > longer need the computationally intensive and time-consuming method > > Bitcoin uses to record all transactions in the blockchain. Instead, > > Quantum Bitcoin only records newly minted currency which drastically > > reduces the footprint and increases efficiency. We present formal > > security proofs for counterfeiting resistance and show that a quantum > > bitcoin can be re-used a large number of times before wearing out - > > just like ordinary coins and banknotes. Quantum Bitcoin is the first > > distributed quantum money system and we show that the lack of a paper > > trail implies full anonymity for the users. In addition, there are no > > transaction fees and the system can scale to any transaction volume. Invest all your hard earned money in Bitcoins if you feel safe with that. As more me, I feel safer about my money being in gold! Double-A
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| From | Sam Wormley <swormley1@gmail.com> |
|---|---|
| Date | 2016-04-25 19:30 -0500 |
| Message-ID | <TZqdnb-Q4NwMK4PKnZ2dnUU7-XsAAAAA@giganews.com> |
| In reply to | #573272 |
On 4/25/16 7:23 PM, Double-A wrote: > On Sunday, April 24, 2016 at 5:45:40 PM UTC-7, Sam Wormley wrote: >> Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the >> No-Cloning Theorem of Quantum Mechanics >>> http://arxiv.org/abs/1604.01383 >> >>> The digital currency Bitcoin has had remarkable growth since it was >>> first proposed in 2008. Its distributed nature allows currency >>> transactions without a central authority by using cryptographic >>> methods and a data structure called the blockchain. In this paper we >>> use the no-cloning theorem of quantum mechanics to introduce Quantum >>> Bitcoin, a Bitcoin-like currency that runs on a quantum computer. We >>> show that our construction of quantum shards and two blockchains >>> allows untrusted peers to mint quantum money without risking the >>> integrity of the currency. The Quantum Bitcoin protocol has several >>> advantages over classical Bitcoin, including immediate local >>> verification of transactions. This is a major improvement since we no >>> longer need the computationally intensive and time-consuming method >>> Bitcoin uses to record all transactions in the blockchain. Instead, >>> Quantum Bitcoin only records newly minted currency which drastically >>> reduces the footprint and increases efficiency. We present formal >>> security proofs for counterfeiting resistance and show that a quantum >>> bitcoin can be re-used a large number of times before wearing out - >>> just like ordinary coins and banknotes. Quantum Bitcoin is the first >>> distributed quantum money system and we show that the lack of a paper >>> trail implies full anonymity for the users. In addition, there are no >>> transaction fees and the system can scale to any transaction volume. > > > Invest all your hard earned money in Bitcoins if you feel safe with that. As more me, I feel safer about my money being in gold! > > Double-A > Other than a ring or a tooth have you invested in any gold? -- sci.physics is an unmoderated newsgroup dedicated to the discussion of physics, news from the physics community, and physics-related social issues.
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| From | jimp@specsol.spam.sux.com |
|---|---|
| Date | 2016-04-26 00:43 +0000 |
| Message-ID | <47q2vc-mbd.ln1@mail.specsol.com> |
| In reply to | #573273 |
Sam Wormley <swormley1@gmail.com> wrote: > On 4/25/16 7:23 PM, Double-A wrote: >> On Sunday, April 24, 2016 at 5:45:40 PM UTC-7, Sam Wormley wrote: >>> Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the >>> No-Cloning Theorem of Quantum Mechanics >>>> http://arxiv.org/abs/1604.01383 >>> >>>> The digital currency Bitcoin has had remarkable growth since it was >>>> first proposed in 2008. Its distributed nature allows currency >>>> transactions without a central authority by using cryptographic >>>> methods and a data structure called the blockchain. In this paper we >>>> use the no-cloning theorem of quantum mechanics to introduce Quantum >>>> Bitcoin, a Bitcoin-like currency that runs on a quantum computer. We >>>> show that our construction of quantum shards and two blockchains >>>> allows untrusted peers to mint quantum money without risking the >>>> integrity of the currency. The Quantum Bitcoin protocol has several >>>> advantages over classical Bitcoin, including immediate local >>>> verification of transactions. This is a major improvement since we no >>>> longer need the computationally intensive and time-consuming method >>>> Bitcoin uses to record all transactions in the blockchain. Instead, >>>> Quantum Bitcoin only records newly minted currency which drastically >>>> reduces the footprint and increases efficiency. We present formal >>>> security proofs for counterfeiting resistance and show that a quantum >>>> bitcoin can be re-used a large number of times before wearing out - >>>> just like ordinary coins and banknotes. Quantum Bitcoin is the first >>>> distributed quantum money system and we show that the lack of a paper >>>> trail implies full anonymity for the users. In addition, there are no >>>> transaction fees and the system can scale to any transaction volume. >> >> >> Invest all your hard earned money in Bitcoins if you feel safe with that. As more me, I feel safer about my money being in gold! >> >> Double-A >> > > Other than a ring or a tooth have you invested in any gold? I did twice and doubled my money each time. -- Jim Pennino
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| From | Double-A <double-a3@hush.com> |
|---|---|
| Date | 2016-04-25 17:47 -0700 |
| Message-ID | <60806339-0cf2-449c-9d19-78260f8ff223@googlegroups.com> |
| In reply to | #573273 |
On Monday, April 25, 2016 at 5:30:12 PM UTC-7, Sam Wormley wrote: > On 4/25/16 7:23 PM, Double-A wrote: > > On Sunday, April 24, 2016 at 5:45:40 PM UTC-7, Sam Wormley wrote: > >> Quantum Bitcoin: An Anonymous and Distributed Currency Secured by the > >> No-Cloning Theorem of Quantum Mechanics > >>> http://arxiv.org/abs/1604.01383 > >> > >>> The digital currency Bitcoin has had remarkable growth since it was > >>> first proposed in 2008. Its distributed nature allows currency > >>> transactions without a central authority by using cryptographic > >>> methods and a data structure called the blockchain. In this paper we > >>> use the no-cloning theorem of quantum mechanics to introduce Quantum > >>> Bitcoin, a Bitcoin-like currency that runs on a quantum computer. We > >>> show that our construction of quantum shards and two blockchains > >>> allows untrusted peers to mint quantum money without risking the > >>> integrity of the currency. The Quantum Bitcoin protocol has several > >>> advantages over classical Bitcoin, including immediate local > >>> verification of transactions. This is a major improvement since we no > >>> longer need the computationally intensive and time-consuming method > >>> Bitcoin uses to record all transactions in the blockchain. Instead, > >>> Quantum Bitcoin only records newly minted currency which drastically > >>> reduces the footprint and increases efficiency. We present formal > >>> security proofs for counterfeiting resistance and show that a quantum > >>> bitcoin can be re-used a large number of times before wearing out - > >>> just like ordinary coins and banknotes. Quantum Bitcoin is the first > >>> distributed quantum money system and we show that the lack of a paper > >>> trail implies full anonymity for the users. In addition, there are no > >>> transaction fees and the system can scale to any transaction volume. > > > > > > Invest all your hard earned money in Bitcoins if you feel safe with that. As more me, I feel safer about my money being in gold! > > > > Double-A > > > > Other than a ring or a tooth have you invested in any gold? > Not recently, but I am thinking about it. Long ago I had some money invested in silver. Double-A
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