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What do you mean when you talk about "the real world", is there one such thing?
by jerrre 4y ago
What do you mean when you talk about "the real world", is there one such thing?
- Nextgrid 4y agoBy real-world I mean off-chain assets where the source of truth is usually the state of the physical world (as opposed to the blockchain, like it is with cryptocoins).
- betwixthewires 4y agoI have some thoughts on this. Fundamentally, the "state of the real world" is the result of might is right, force or threat of force. The state of the real world is the result of action, and action is an act of force on the matter of the world, the act of changing things away from their most stable state by way of expression of energy. This is an act of force in it's simplest sense on non living things. Where living things are concerned, it becomes recognizable as force because living things have their own agenda, and putting them into a state you prefer necessitates some degree of coercion. So a hypothetical world where entities like these network States, blockchain states and consensus mechanisms control real world assets is a world where action on the real world, including use of force, is automated. You don't have to have permission from the current status quo structure of institutions for blockchains and the like to have real world effect, you just have to have a way for them to act with or without institutional approval. A world where construction, modification and aggressive action is automated and thus can be deterministically and provably democratic is what you get out of all this.