3 ms·
What is a fundamental rate limiter and why do we need one?
by lottin 5y ago
What is a fundamental rate limiter and why do we need one?
- drdeca 5y agoIf you could make arbitrarily large numbers of accounts that each receive the token, that would break the system
- lottin 5y agoYeah, this is pretty obvious. I don't know that the phrase "fundamental rate limiter" can be used to describe a solution to this problem. Maybe it's me but it seems very odd choice of words.
- munificent 5y agoAny system that is predicated on "one X per person" needs to ensure that a single human can't synthesize multiple "persons" in order to get more than one X and cheat the system. Systems like this include: * Democracy: One vote per person. * Universal basic income: One income voucher per person. * Some sales: One coupon per person, or one purchase per person. * Many resource usage licenses: Can only catch one salmon on this river per person, etc. Basically, it's good to have systems that are fair and equitable and in many cases, a way to do that is to distribute the good uniformly to people. That requires you to accurately determine how much each person gets, which requires a reliable notion of person. At the same time, I think Worldcoin is complete nonsense. Almost all of the above systems function much better when scoped to a smaller regulatory authority that already has an existing reliable notion of person: passport, driver's license number, etc.