P2P distributed architectures such as Holochain which actually decentralize data and control are far more positive paradigms for humanity.
Right now it seems: If you don't have central consensus you can't have digital currency. Since everybody needs to be on the same line regards to who owns what. This is different from cash in the current world. Where nobody needs to agree to how much I have because I can physically store it and it's impossible to copy my dollars.
> If you don't have central consensus you can't have digital currency.
From what I can tell, the Holochain developers agree with this: you can't have a single global currency without global consensus. Their approach seems to be: rather than having a single global currency, have a network of IOUs, trusted and enforced locally: https://medium.com/holochain/beyond-blockchain-simple-scalab...
Personally, I have no opinion on their approach, other than welcoming experiments, since that's what I find interesting in Bitcoin and the rest of the crypto space (and frankly wish it hadn't passed that stage yet).
> ## Order of Operation Matters
> It turns out when you focus on distributing process first you end up with even more greatly distributed data. This is because each participant holds only their own data. In contrast, blockchains store everybody’s transactions in a single database that every node verifies and copies. The underlying foundation of distributed process enables deeper distribution of data and parallel architectures. Ethereum and smart contracts, are doing this the other way around — layering processes on top of a global ledger.
> By distributing process at the foundation, and leveraging Intrinsic Data Integrity, our approach results in massive improvements in throughput (from parallel simultaneous independent processing), speed, latency, efficiency, and cost of hardware. There is no need to wait 10 minutes to see if your transaction gets committed. This architecture can facilitate huge volumes of even extremely “low value” transactions permitting creative uses for coordinating shared activities that wouldn’t merit the cost or energy of implementing on a blockchain. You also don’t need to incent people to hold their own record — they already want it.
This is all true but the section heading "order of operation matters" - and how holochain deals with this - is simply not addressed. Given HN is a technical community feel free to link to actual research papers or more technical content that actually explains how Holochain solves the problems. This piece looks like a PR piece to me, one that doesn't really have any answers.
Try buying something you are not allowed to buy. Personally I use it a lot while traveling abroad.