A faster processor than Blockchain

[cbgarcia]

Hi all,

We are retired professors of a well-known B-School and we recently created a new way for transacting bitcoins because we felt that the Blockchain is deficient in a number of ways: transactions take 10 minutes or more to complete; it is commercially infeasible ( it will ultimately crash when the history of transactions becomes excessively large); it uses massive amounts of energy and power; it employs miners that can slash your purchasing power (their transaction fees average 4-5% (https://blockchain.info/stats)).

Our system is at beta right now at http://Fasterchain.com and we would heartily appreciate your comments regarding it.

We hope to incorporate our business early this year if enough people are interested. Ideally, we would like to have a free site from a reputable institution partnering with us.

Our system uses the atomic clock to process transactions instantly, first-in, first-out. It does need any history of transactions (only current balances), uses very little energy and power, and does not employ miners. If you are ahead of others, you get processed first, at no additional cost to you. You never have to pay extra to speed up your transaction.

The Blockchain’s power lies in the verification of transactions by consensus. But this causes delay. In its place, we have transparency of transactions: every transaction is published publicly and anonymously as soon as it is made. Hence, anyone can download transactions of any given day and verify that the transactions are consistent continuations of the previous day's transactions.

Thanks!

Tom and Bill

[Rmcdermott927]

Hi all,

We are retired professors of a well-known B-School and we recently created a new way for transacting bitcoins because we felt that the Blockchain is deficient in a number of ways: transactions take 10 minutes or more to complete; it is commercially infeasible ( it will ultimately crash when the history of transactions becomes excessively large); it uses massive amounts of energy and power; it employs miners that can slash your purchasing power (their transaction fees average 4-5% (https://blockchain.info/stats)).

Our system is at beta right now at http://Fasterchain.com and we would heartily appreciate your comments regarding it.

We hope to incorporate our business early this year if enough people are interested. Ideally, we would like to have a free site from a reputable institution partnering with us.

Our system uses the atomic clock to process transactions instantly, first-in, first-out. It does need any history of transactions (only current balances), uses very little energy and power, and does not employ miners. If you are ahead of others, you get processed first, at no additional cost to you. You never have to pay extra to speed up your transaction.

The Blockchain’s power lies in the verification of transactions by consensus. But this causes delay. In its place, we have transparency of transactions: every transaction is published publicly and anonymously as soon as it is made. Hence, anyone can download transactions of any given day and verify that the transactions are consistent continuations of the previous day's transactions.

Thanks!

Tom and Bill

How are your transactions stores and recorded though? Can you post some technical data? The beauty of the blockchain is its inability to be manipulated and its persistence across every node.