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by awesome_dude 193 days ago
I mean, as soon as synchronisation is required in any system, block chain, distributed SAAS, even Peer to Peer sharing, decentralisation fails hard

That's one of the sticking points I have with the /idea/ of the technology
1 comments
immibis 193 days ago
Ethereum and similar chains run arbitrary computation on-chain. You can make a futures exchange on Ethereum (or Solana, etc). However, the fees for doing so are very large, and confirmation times are very long, like any other on-chain transaction.
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awesome_dude 192 days ago
What I am loving about this comment, and the downvotes, is the idea that blockchains can escape things like basic laws of the universe.

> confirmation times are very long, like any other on-chain transaction

Yes. synchronisation is where everything breaks down because you have to get everyone to agree to the new state.

edit: Sorry, not everyone, but a consensus, and that consensus is then what everyone agrees is the state.

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