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couple wording changes in namecoin post

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Brian Picciano 2013-11-20 20:50:20 -05:00
parent 1ba8c94823
commit 5b0c6a3739
1 changed files with 9 additions and 11 deletions
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_posts/2013-10-25-namecoind-ssl.md
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@ -3,10 +3,10 @@ layout: post
title: Namecoin, A Replacement For SSL title: Namecoin, A Replacement For SSL
--- ---
At [cryptic.io][cryptic] we are attempting to create a client-side, in-browser At [cryptic.io][cryptic] we are creating a client-side, in-browser encryption
encryption system where a user can upload their already encrypted content to our system where a user can upload their already encrypted content to our storage
storage system and be 100% confident that their data can never be decrypted by system and be 100% confident that their data can never be decrypted by anyone
anyone but them. but them.
On of the main problems with this approach is that the client has to be sure On of the main problems with this approach is that the client has to be sure
that the code that's being run in their browser is the correct code; that is, that the code that's being run in their browser is the correct code; that is,
@ -154,13 +154,11 @@ constantly increasing). When they find one they broadcast it out on the network.
Assuming the block is legitimate they receive some number of coins as Assuming the block is legitimate they receive some number of coins as
compensation. compensation.
When a block-chain based currency like bitcoin and namecoin, the element of the That compensation is what keeps a blockchain based currency going. If there
system that keeps the currency going is there is compensation for doing the work were no compensation there would be no reason to mine except out of goodwill, so
of getting items placed on the blockchain. If there were no compensation there far fewer people would do it. Since the chain can be compromised if a malicious
would be no reason to mine except out of goodwill, so far fewer people would do group has more computing power than all legitimate miners combined, having few
it. Since the chain can be compromised if a malicious group has more computing legitimate miners is a serious problem.
power than all legitimate miners combined, having few legitimate miners is a
serious problem.
In the case of namecoins, there's even more reason to involve a currency. Since In the case of namecoins, there's even more reason to involve a currency. Since
you have to spend money to make changes to the chain there's a disincentive for you have to spend money to make changes to the chain there's a disincentive for