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Millions of currencies. I was standing at the back of the room when Andreas said that and I was like, yeah, I can see it. The blockchains deliver trusted comm
by kordless 13y ago
Millions of currencies. I was standing at the back of the room when Andreas said that and I was like, yeah, I can see it.
The blockchains deliver trusted communication of stored work to us. The network has value in and of that function alone. That I can verify you have thing of X value and I have thing of Y value and that the ratio of X to Y is such as established by these market APIs/feeds. Which themselves are running on a trusted computing platform that is a fair and accurate representation of what is what in this world, up to a point.
That there will be a million blockchains working together in a mishmash of interconnected markets, is no more difficult than imagining a million seperate computer networks, each of which is using a private address block 10.0.0.0/24. Some things are meant to be highly distributed, some are not.
Why would you ever expect a cryptocurrency based on the thesis of high distribution to ever be a singleton itself?
- therealpatriot 13y agoerrm...what tha fuck did you just say?
- roasbeef 13y agoSee Sidechains[0], and Treechains[1]. But as always, without the proper incentives a block chain is unsustainable and vulnerable. [0]: http://sourceforge.net/p/bitcoin/mailman/message/32108143/ http://sourceforge.net/p/bitcoin/mailman/message/32108143/ [1]: https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg04388.html https://www.mail-archive.com/bitcoin-development@lists.sourc...