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The physical force of law is consensus by violence. State/NFTs on a secure blockchain have a force of law, which is what the proof-of-X consensus mechanisms ar
by meowkit 5y ago
The physical force of law is consensus by violence.
State/NFTs on a secure blockchain have a force of law, which is what the proof-of-X consensus mechanisms are. Consensus by game theory/computation.
On a normative note, saying "actual human people" don't care about something you either don't like or don't understand is closer to what I would describe as cringe.
- kristjansson 5y agoIt’s not the consensus mechanism that matters, it’s the enforcement of the relation between a record of ownership and an actual physical asset. Ownership of a token or wallet may be inalienably ensured by the blockchain. The right use that property for one’s benefit in the physical world must be enforced by someone’s violence - the owner, if not their agent, if not the state. A irrevocable deed on a blockchain is worthless if it does not also entitle me to forcibly dispossess someone of the property, and preferably the agents to do that on my behalf. I can own a share on a blockchain, but if I execute a takeover who will cut the locks on the factory gates? I can buy a house, but who will evict the squatters? I can buy lunch with ETH, but I can’t eat it if someone with a gun suggests I hand it over.