At scale, a Turing-complete blockchain can be a platform for extremely expensive trust-minimized computations. Not a "World Computer" or "Web3.0". With very carefully written & very small no-library programs, it would be suitable for large-sum financial smart contracts.https://twitter.com/jon_choi_/status/1014913203145326592 …
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It depends on how you aggregate and keep "liveness" of data. I think with IPFS or content addressable storage and with a suitable aggregation scheme it can be a "world computer". What are your thoughts on TEE (trusted execution)?
IPFS is not trust-minimized -- not suitable for socially scalable / seamlessly global smart contracts.
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Well obviously it would be rooted to a chain to make it trust-less. I would only use IPFS in a merklized aggregation model. Using IPFS as storage medium allows a substrate to build upon a blockchain layer as a consensus court system. We've scaled society as innocent until guilty.
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Essentially using the permissionless, trustless blockchain as a gatekeeper? Trust is minimized for access, but what about availability?
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availability is the thing that is affected obviously tradeoff for scalability. Blockchain is just a court, if we scale like legal system did it can work. The recourse obviously needs to be worked out. Many ways to minimize availability issue where you cannot say same with scaling
End of conversation
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Hi Nick, why do you say that IPFS is not trust-minimised, given that it's based on a Merkle DAG. Availability? Would it be solved with FileCoin + IPFS ?
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