- 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.
Can I mine Bitcoins with twister?
Not exactly. The same mechanism used in Bitcoin for mining is also used in twister but for a different purpose, ensuring the order in which user registrations took place (the nickname belongs to whoever registered it first). twister network must incentive users to mine, so block chain may keep advancing. However, unlike Bitcoin, there is no monetary value involved. The twister incentive is: whoever finds the hash collision to validate a new block of transactions will be awarded with the right to send a promoted message. Promoted messages have a certain probability of being displayed by twister client.
This sounds interesting, but let's see how it plays out. People creating hip new fuckthegov tech are a dime a dozen, but they ignore existing solutions that have existed for years, such as Syndie, which is mainly used on the I2P network, but is compatible with Tor, Freenet, email, usenet, hell anything when it gets built in. That's the point of it. I2P is seriously underappreciated, even though it encourages torrents and P2P.
this is amazing the whole internets should go P2P
We could get to work on the P2P Hubski. It would be a guaranteed firewall against everyone slightly normal for the next several years. Also, I wouldn't get delete account requests. Nothing can be deleted. In all seriousness, I do think that we are just at the beginning of a wave of apps built on this protocol. It is concerning that the entire network depends on miners, however. If that gets bent, everything could go to hell.