@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.

@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 @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.

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@tomosaigon and with all the propagation delays within this alternative cyberspace architecture being known and quantized synchronously to this clock, then, in such fully synchrounous global meta-system paradigm, what I say is truly relevant. I find more intrtesting to design and sexy and usefull to design such thing, than to try ugly ducktape fixes the way blockchains are currently implemented, with other complex @theruran @zig@functional.cafe @mouloud

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