Discover and read the best of Twitter Threads about #parallelrealitybasedledgerstate
Most recents (1)
I really hope that DeFi and it's inevitable future of having to deal with these kind of "problems" will finally make people understand why it is a bad idea to build decentralized systems that try to establish a shared perception of time among all nodes.
It doesn't just severely limit scalability but it also creates these really tricky problems where even if you build a system that is "secure" and where the participants are incentivized to behave "honest", it ultimately doesn't matter because at the end of the day every ...
... block producer runs an algorithm and there will always be people that will study these algorithms and try to game them to their advantage.
As soon as you give "somebody" (no matter how honest) control over how others perceive time you are in for some serious problems.
As soon as you give "somebody" (no matter how honest) control over how others perceive time you are in for some serious problems.
