3 ms·
> no one person can alter the laws of physics, just as no one person can alter the laws of Bitcoin This is one of the things that concerns me most about Bitco
by fiheff 5y ago
> no one person can alter the laws of physics, just as no one person can alter the laws of Bitcoin
This is one of the things that concerns me most about Bitcoin, or as the headline addresses: blockchain.
The fact that people misunderstand its technology.
Blockchain is inequivalent to physics. It is a mathematical model, and so, unlike physics, we understand its machinations precisely.
So precisely in fact, we wrote them!
And we wrote them utilising other mathematical models that are only effective in the goals of blockchains contingent on the fact that they are, similar to our current ability regarding physics, outside our ability to fabricate.
But where the fabrication of laws of physics would require the development of both the mathematics and devices which render the mathematics physically, the fabrication of blockchain would only require the mathematics as it itself is a mathematical model.
A proof of an algorithm that can freely manipulate a blockchain will render it useless.
You will likely hear from those who support using unproved mathematics in these types of systems that these conjectures have elluded proof for so long it is time to disregard rigor for a more meta analysis of the probability that a proof is likely in order to promote the technology.
But the possibility is always present that mathematically there will be a way that 'one person can alter the laws of Bitcoin' until proven otherwise.