@zig @stman @theruran @emsenn

My question is indeed what is the point of money whether it is crypto or not. I know a little about bitcoin (proof-of-work: evil for climate so far) and Ethereum (algorithmic contracts, good idea as far as I understand, but still PoW).

The idea of a single source of thruth is neat, and would be useful to avoid lies or fakes in a distributed system.

@zig @stman @theruran @emsenn

Money used to be used a means of exchange something of value for the rich that is gold. That by itself shows how dubious money seems, because gold is almost useless in practice. Nowadays, money has mostly only virtual value, because people trust the system, and the people in power somewhat trust each other and they agree through the market on exchange rates.

@zig @stman @theruran @emsenn

Anyway, take of instance "carbon budget" of countries, it can be exchanged for money. And they that "carbon budget" can be used to produce new products.

With the money, a low carbon footprint country can bargain to buy some products.

During this exchange the low carbon footprint might have lost value because conditions of the exchanges and the dubbed added value to the products.

@zig @stman @theruran @emsenn

It is far fetched, but to me their should be no money, hence probably no crypto-money.

A single-source of truth is helpful, but I am not convinced it is necessary, and is certainly not necessary in a fully cooperative system with no evil.

Thanks including me in the convo.

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@mouloud (Preparing and structuring my answers, please give me a few minutes, will be back in a few minutes...)

@zig@functional.cafe @theruran @emsenn@myasstodon.xyz

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@stman @zig @theruran

I agree with what you write.

Where does the code happen?

@stman @mouloud @zig Thanks for the discussion. I enjoyed reading so far!

Yes, and about code - that is the kind of knee-jerk reaction that people have nowadays and it prevents everyone else from understanding what they are doing. Documentation of every kind is key, unlike the prevailing software engineering practices that lack rigorous conceptual design development phase. Visual documentation is also of course important, and to maximize the utility it must also be an executable architecture model.

Well - if we can theorize another way of achieving an equivalent security model and utility to Bitcoin without the energy consumption, that would be incredible. As far as I know, there is no alternative yet conceived and the energy consumption keeps the system honest. And unfortunately, no one I have met in the fediverse thus far is qualified to theorize such an alternative. There are real engineering constraints and trade-offs that are glossed over in these kinds of discussion, and I doubt that billions of transactions per second is achievable due to laws of physics. It is my expectation that such a decentralized and trustworthy cybersystem will be slower in many ways but is nevertheless fast enough for us to get real work done and not just mindlessly consume Big Media.

P.S. come to hackers.town - we got 10,000-character toots!

@stman @mouloud Another thing about code is that I am having a helluva time finding the right tools to do the work. Most of the advanced tools are either theoretical or incomplete. The best tool right now seems to be free-form writing. @alcinnz @zig

@stman @theruran @zig @mouloud your CPU can think it has accuracy in time but doesn't matter if all the CPUs can't agree on the tone. There will always be relatively long delays propagating that timestamp no matter how perfect it is.

@stman Time Sensitive Networks with timestamped everything sounds like great way to approach this problem :blob_gnikniht: @mouloud @zig

@stman @mouloud @zig a trustworthy distributed time server will be important when solar storm activity picks up and our GPS goes out for extended periods; and in scenarios when that GPS infrastructure rots due to lack of funding and the satellites fall out of the sky.

@stman yes you are right! I guess I meant server generally as in an entity that serves something. "global synchronous clock" maybe more accurate. in blockchain-speak it's a kind of oracle. @mouloud @zig

@stman The closest thing to this that I know of is Google Spanner which uses GPS and atomic (hardware) clocks to ensure global synchronicity. Its FOSS equivalent is CockroachDB which only emulates this functionality through the system clock synchronized by NTP. @mouloud @zig

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