The existence of other similar - and functioning - ideas (Twister, MediaGoblin) means we probably shouldn't dismiss this as vapourware just yet. Bitcloud, he says, is more of a fancy version of PayFile, but it is nonetheless part of "a greater effort" that's probably worthy of our attention. Taaki explains that there are a lot of fundamental similarities between Bitcloud's proposals and Twister, but that Twister is already seven months in development, operational and run by a trusted developer. Basically all the functions of the Silk Road but uncensored and usable (deal with nicknames)." Twister seems to be capable of many of Bitcloud's underlying features, except it's limited to microblogging: "With this technology we can do many, many things", explains Taaki, " maintain an identity, build a distributed reputation around that identity, coordinate contracts between identities, distribute anonymous blogs and webpages which is fast to load unlike Tor/other systems, and send private messages. Megaupload, The Pirate Bay, FrostWire and other groups are all jumping on the bandwagon but I think Twister is the most advanced." Twister is my favourite of these new wave of projects exploring this, and this is the final puzzle piece in usable crypto.
We still haven't explored all the applications of it.
The blockchain is a new data structure in computer science and arguably more important than Bitcoin itself.
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