Not sure why the relevant link is a link to a Telegram community.
However, I did some googling, and I found an explanation of what ‘lokchain’ is.
AHEM. From: LokDon::LokChain™
LokChain™ is an extreme blockchain platform to enable global communities discover and easily access the necessities of life. LokCoin™ aims at improving the quality of lives worldwide through the established Human Service Organizations. LokChain™ is the first Distributed Ledger system backed by real commodity for any Electronic Transactions (DLSeT) capable of capturing biometrics (eFRI).
What on god’s green earth are we looking at, here? One, ‘enable communities discover and easily access the necessities of life’. That level of odd grammar issue and bafflegab is perplexing. I WHOIS the domain, and I learn that Tucowsdomains gave them the website. The most educational thing I suspect anyone is going to get out of this answer is that Tucows still exists, albeit as a weird internet domain service instead of an application-hosting website.
It is designed for significantly improving and increasing secure access to grow human quality of life. These Include affordable healthcare and prosperity to the remotest part of the world via our Lockchain™ secure networks (LokDon™ Encryption) and use of envelope methods to validate crypto-currency.
Okay, so somehow increasing the cryptographic complexity on cryptocurrency will allow for…better health care? Okay, I’ll bite. Explain how.
The LokCoin™ token will launch with 1million subscribers and will be available globally by all profiled users with the world’s first crypto-electro identification process. Cryptographically this platform will secure all transactions in the digital world. Hashes are used in Blockchain and it does guarantee the objects are electronically what they are. However, it simply means that anyone with the hash assumes to have the proper object and authorization. Bearing this in mind, the problems of double spending and Byzantine general lingers. What is really the proper or exact, when that object can always be that one thing at all time? Here in, we see the danger of copying and hash matching. If a copy cannot be told apart from the original then the problem persists. A hash of string "Mike" in SHA 2 can always be the same. In Lokdon technology this is not the case. The objects are completely unique with no comparison.
Okay. So it’s an ICO. Sure. Apparently they’ll start once they have a million subscribers, and it works better because shut up it works better. Here’s the thing: There are unceasing, unending problems with cryptocurrency. Doublespending is one of them, but the doublespending doesn’t happen because someone cracked SHA256. That’s not how it goes down.
I now know what the Byzantine General problem is. I lied. I’ve learned two things from this. Neat!
Alright, so supposedly this form of cryptography can eliminate the one literal problem Bitcoin didn’t have.
What does this have to do with securing health care?
What does this have to do with ANYTHING?
Even if it’s true, even if this manages to accomplish what it says, it’s a problem noone haves with a solution noone needs that’s still looking for another problem noone has.
This is insanity!
