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by barnacs
702 days ago
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I think it all comes down to relativity and the speed of light. There is no single, universal, true ordered state (ledger/db). Participants need a conflict resolution mechanism to figure out whose truth is correct. One must rely on a localized consinstent state of some authority (leader/consensus). |
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A solution that somehow goes around these limitations could have implications beyond computing. It could enable “headless” large scale cooperation. This would be a fundamental innovation in the evolution of intelligence generally.
Proof of work is the only one we have that kind of works and it’s massively expensive. You could argue that it’s just a way to make economically irrational or short sighted collusion prohibitively expensive rather than a true solution and might only work in a domain like a currency where there is a direct mapping to cost.