1/ @RaoulGMI being the open-minded macro analyst that you are, I’d like to present an essay series of appreciation to you and the @RealVision community for helping to the level the informational playing field in these times of cultural, economic, and political distress. Until ...
2/ now there has not, in my opinion, been an accessible and well-presented comparison of Bitcoin’s classical Nakamoto consensus mechanism to IOTA’s new many-worlds Nakamoto consensus mechanism—so I’ve attempted to write the layman's Bible on it in a four-part essay series ...
3/ called Finality. The main take away from this series should be that a blockchain-based consensus mechanism cannot be simultaneously and completely secure, decentralized, and scalable with a total order of network events. When the total order of network events is relaxed, ...
4/ however, Satoshi’s heaviest reality wins (also know as the longest chain wins) principle is preserved, but the resulting technology is truly indistinguishable from magic. Comparing classical Nakamoto consensus to this new many-worlds approach is like comparing a rotary ...
5/ telephone to an iPhone 13 or a horse and buggy to a formula one race car. It is time the distributed ledger community begins to understand the true depth of what’s been built by the IOTA community in the wake of its strategic mistakes, bad PR, and false promises. This is ...
6/ by far the most inefficiently priced asset in the history of humanity.
👇Read more below to get your information edge.
👇Read more below to get your information edge.
7/📕Finality—Part 1: Two Generals
“A truly permissionless and secure distributed environment has no barrier to entry or impediment to use, providing a trustworthy open infrastructure for any party wishing to participate.”
#Finality #iologica
iologica.substack.com/p/two-generals
“A truly permissionless and secure distributed environment has no barrier to entry or impediment to use, providing a trustworthy open infrastructure for any party wishing to participate.”
#Finality #iologica
iologica.substack.com/p/two-generals
8/📗Finality—Part 2: Bookkeeping
“Whether incorporated explicitly or implicitly, an opinion weight in the form of a scarce resource ensures that validator votes are expensive and successful Sybil attacks are statistically unlikely.”
#Finality #iologica
iologica.substack.com/p/bookkeeping
“Whether incorporated explicitly or implicitly, an opinion weight in the form of a scarce resource ensures that validator votes are expensive and successful Sybil attacks are statistically unlikely.”
#Finality #iologica
iologica.substack.com/p/bookkeeping
9/📘 Finality—Part 3: Total Order
“Only by relaxing the absolute perception of network events can validator rewards be removed and the block size be reduced to one message—resulting in a technology truly indistinguishable from magic.”
#Finality #iologica
iologica.substack.com/p/total-order
“Only by relaxing the absolute perception of network events can validator rewards be removed and the block size be reduced to one message—resulting in a technology truly indistinguishable from magic.”
#Finality #iologica
iologica.substack.com/p/total-order
10/📙Finality—Part 4: Many Worlds
“With this simple modification to triple-entry bookkeeping, validators can vote explicitly to resolve any number of conflicting realities with near-perfect theoretical efficiency.”
#Finality #iologica
iologica.substack.com/p/many-worlds
“With this simple modification to triple-entry bookkeeping, validators can vote explicitly to resolve any number of conflicting realities with near-perfect theoretical efficiency.”
#Finality #iologica
iologica.substack.com/p/many-worlds
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