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0 pointsVLM12y ago0 comments

Yes, at least not as a marketing scheme.

So this is a competitor of coinbase? Oh you mean its a miner. Oh no wait OK its like paypal but for BTC.

So... they copied some general source code concepts? Thats it? What a scam. Thats not real bitcoin support at all.

Its like saying a new game is internet compatible, in that if you install it on an internet connected computer its not incompatible with the OS. I actually saw this kind of thing during the early years of mass adoption of the internet. And now we'll see it in BTC.

0 comments

mikegioia12y ago

From the FAQ:

    How is Bitcoin used here?

    Bitcoin, in the sense of the digital currency, is not used at all.
    However, the Bitcoin protocol and the implementation of the neat
    idea of block chain is on the basis of twister. The block chain 
    provides a sort of distributed notary service, certifying who owns 
    a given nickname. The name is associated with a specific key pair, 
    which is used for authentication and cryptography.

They're not using this as a marketing scheme! It's also not being used as a crytocurrency, they're merely forking the codebase to use the blockchain in their codebase.

pacofvf12y ago

The blockchain in twister is used as a distributed user registration database:

> How does it work?

> For the complete description you should refer to the white paper. But in short: twister is comprised of three mostly independent overlay networks. The first provides distributed user registration and authentication and is based on the Bitcoin protocol. The second one is a Distributed Hash Table (DHT) overlay network providing key/value storage for user resources and tracker location for the third network. The last network is a collection of possibly disjoint “swarms” of followers, based on the Bittorrent protocol, which can be used for efficient near-instant notification delivery to many users.

Touche12y ago

You misunderstand, this project is literally a fork of the bitcoin repo. They didn't just "copy general source code concepts". It's right there on their about page.

VLMOP12y ago

"the implementation of the neat idea of block chain is on the basis of twister."

MS Excel uses do...while loops, my latest project uses do...while loops, therefore my project is based on Excel. I was reading it as algorithm use not literally forking the codebase as appears to be the case. Not everything using Quicksort is a kissing cousin of everything else using Quicksort, for example.

Its still cheesy as a marketing scheme. This thing's bitcoin, that means its a currency, right, or a funds storage system, or a psuedobank, or .. oh its a microblog service. LAME.

From a tech perspective I think its cool as an unusual use of the algorithm and technology.

girvo12y ago

Bitcoins block chain implementation and idea is innovative and revolutionary. Your do... while example is not. Also, the blockchain is sort of the most important bit of bitcoin. I struggle to see how you're missing this...

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