I love your deep digging for historical technology perspective.
Airplanes and blockchains move precious cargo around the world. Airplanes are a mature programming environment. Hardware is costly to fly. Yet they trade off performance for reliability and were early adopters of hardware-expensive consensus algorithms.https://elaineou.com/2017/02/12/byzantine-fault-tolerant-airplanes/ …
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It was Elaine's deep digging, I just tweeted a summary. :-)
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Thanks to you and to
@elaineou!
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Airplanes better keep using hardware-expensive consensus algorithms. No need for Sergeant General Bluetooth in first class synching his wireless beats to actuator controls
. Blockchain, sigh, mining pools are the mice chewing at the wires. No? -
Indeed.
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if we extend the analogy then miners must be certified, formally educated, their work hours detailed, hardware certified, etc.. That makes me uncomfortable for many, many reasons. I do hope their's a better approach.
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There are a few things in play with mining centralization besides low energy cost. Proximity to chip fab and the math advantage of large pools are two more. There was a spec for a Proof of Ram on my twitter feed last summer, but it's lost.
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The idea being that RAM is the most commoditized product their is. If you cap RAM participation between 2 and 16GB you get a very decentralized mining plant. Everyone with RAM.
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This is why your talk at Stanford is so important too. Redundancy of the communications hardware is important as well. Thanks for sharing.
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Satoshian Wisdom, Nobel Prize of Economy to this humble and brilliant scientist
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Most fun thing I’ve read today. Not sure I buy into the “Uber can’t because FAA” but I love looking at the world through technology as fault tolerant at scale vs. not fault tolerant.
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Bitcoin Segwit is expensive, slow and unreliable with bad fungibility. Bitcoin Cash has none of those problems.
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I never thought two of my passion would intersect -- airplanes and blockchain. Great article.
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Nick you and I are on the same team now. You do whatever you can to ensure BTC doesn't hard fork - I want small blocks on the Core network. I'm invested in this High Cost Low utility BTC and Low cost high utility BCH. Like everyone else invested in Bitcoin I have a 1:1 stake.
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