1\ I gave a weird talk (even for me) at the incredible #RefactorCamp2018.
I presented five schemes, each increasingly crazy, requiring more bullshit tolerance. My title slide below should give an idea of what this talk was like.
Read on for short desc. & links to each scheme.
I presented five schemes, each increasingly crazy, requiring more bullshit tolerance. My title slide below should give an idea of what this talk was like.
Read on for short desc. & links to each scheme.
2\ The first scheme I call the "Nakamoto Point":
The share of global energy used by PoW mining will increase until the marginal revenue from burning 1 kWh of PoW mining = revenue from selling that same kWh on the grid (currently PoW is a >10x premium!)
The share of global energy used by PoW mining will increase until the marginal revenue from burning 1 kWh of PoW mining = revenue from selling that same kWh on the grid (currently PoW is a >10x premium!)
3\ The second scheme I call "Chain Lightning":
Layer 1 : #Bitcoin (value)
Layer 2: #LightningNetwork (value => payments)
Layer 3: Dist. data & bandwidth markets (payments => infrastructure)
Layer 4: dApps (infrastructure => world computer)
Sorry ETH.
Layer 1 : #Bitcoin (value)
Layer 2: #LightningNetwork (value => payments)
Layer 3: Dist. data & bandwidth markets (payments => infrastructure)
Layer 4: dApps (infrastructure => world computer)
Sorry ETH.
4\ The 3rd is a distributed identity project I call"Humanity" (inspired by @DarkSoulsGame).
Most dist. identity projs. are attribution, attestation, reputation - not identity.
Yet blockchains are still the best way to build dist. identity. See how.
Most dist. identity projs. are attribution, attestation, reputation - not identity.
Yet blockchains are still the best way to build dist. identity. See how.
5\ The fourth scheme ("Latinum") is where it starts to get really weird.
If there's money in space, what is it made of?
Blockchains are the perfect tool for building distributed, information-based money, the only kind that will work between the stars.
If there's money in space, what is it made of?
Blockchains are the perfect tool for building distributed, information-based money, the only kind that will work between the stars.
6\ The 5th scheme, "Hash to the Future", is crazy.
Blockchains are secure b/c each block is constrained by all prior blocks.
Can we use quantum mechanics to constrain each block by all *future* blocks?
Perhaps if the universe is itself a blockchain...
Blockchains are secure b/c each block is constrained by all prior blocks.
Can we use quantum mechanics to constrain each block by all *future* blocks?
Perhaps if the universe is itself a blockchain...
7\ The whole #RefactorCamp2018 conference was amazing. Thanks @vgr @TaylorPearsonMe @josephkelly @platformpapi & others for organizing, and thanks to all the attendees & speakers for making it weird.
Check out Taylor's post-mortem & all the other talks:
ribbonfarm.com/2018/08/16/ref…
Check out Taylor's post-mortem & all the other talks:
ribbonfarm.com/2018/08/16/ref…
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