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tapping out but good thread, I am not impressed not because I know anything about blockchains (I do not) but because it mostly just sounds like they could solve these problems with DEs and infra eng

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Yan Zhang

@krzhang

· Jul 17, 2020

Another elephant in the room (or me just being dumb, very possible) is the mining setup/incentives. They don't seem to be mentioned anywhere. If missing, this is again glorified data store. I guess it means govt-issued "miners" just get paid a salary and make blocks? 37/

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QC (in Berlin 7/29-??? w/ COVID

)

@QiaochuYuan

Replying to

@eigenrobot

i know epsilon about blockchain and nothing about databases but it also sounds to me like they want a centralized database of some sort, very unclear to me why you’d want a blockchain for the stated purposes. wonder if it’s more about intimidating the west or attracting talent

9:55 AM · Jul 17, 2020Twitter for iPad

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my guess is probably they want to crack down on graft mostly or pure fluff hard to say this seems likely to be a much harder problem than they anticipate even organizing these data would be a nightmare, even without adversaries