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We are building the ledger of record. As each assertion goes on-chain, the metadata becomes verifiable. - Proof-of-who via digital signature - Proof-of-what via hash - Proof-of-when via timestamp Argument from cryptography begins superseding argument from authority.
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Chainlink - Official Channel
@chainlink
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Balaji Srinivasan is now an advisor helping build Chainlink. @AP’s recent #Chainlink node launch was a key milestone in realizing @balajis’ vision of cryptoinformation. His work on the ledger of record will help further Chainlink as the global standard for cryptographic truth.
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We're transitioning from fiat information — it's true because this august institution said so! — to cryptoinformation, which is truth anyone can computationally verify. Cryptocurrency is cryptoinformation on debits and credits. But it can be generalized.
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A recent talk on the ledger of record, with some slides.
youtube.com
Balaji Srinivasan: Creating Sources of Definitive Truth With Blockc...
Balaji Srinivasan, angel investor and Former CTO of Coinbase, gave a keynote at SmartCon regarding "Cryptoinformation"—sources of definitive truth created by...
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Instead of simply asserting that something is true because it's from the "paper of record" or false because it's "fake news", we need an impartial mechanism for adjudicating factual disputes on the internet. That is the ledger of record.
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Balaji Srinivasan
@balajis
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The ledger of record is the set of all cryptographically signed feeds of on-chain data. It subsumes social media feeds, data APIs, event streams, newsletters, RSS. It'll take years to build, but will ultimately become the decentralized layer of facts that underpins all narrative.
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Daniel Markham
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Here's an example of the ledger of record for marriage registries, courtesy of .
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Balaji Srinivasan
@balajis
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On chain or it didn’t happen. While just for fun today, putting data on chain will replace formal marriage registries in 10-20 years. Deprecate the state, replace it with the network.
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Groups like foam.space are developing proof-of-location tools that are more robust than spoofable GPS. If it works, the ledger of record expands beyond proof-of-who (digital signature), what (hash), and when (timestamp), to where (location).
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Balaji Srinivasan
@balajis
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On-chain video search Imagine a crypto camera that posted a timestamped, signed hash of content on-chain. If you also had proof-of-location, you could do a spatio-temporal query for all on-the-record footage in a given (x, y, z, t) range.
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Deciphering technical facts vs contextual truths seems among the biggest hurdles to overcome. Some type of context-izing mechanism could be vital.
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Very interesting and there is definitely use case here. Would the record be automatically generated? I am guessing this would be true the chainlink platform?
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C𐃏rtex Futura
@cortexfutura
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Here's a thing I've been thinking about: Provable Provenance. On-chain record of a triplet: URL, timestamp, hash. You submit a hash of something and the URL you got it from. Independent verifiers check whether the hash you submit matches the hash they see when visiting URL twitter.com/balajis/status…
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Balaji you should know link investors are not happy right now. The team is dumping 1.5M link, 40+M dollars worth a week with zero transparency. It’s suppressing the price and the culture of the community is deeply negative. People are excited to have you but good for you to know

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