169 karma · joined October 12, 2021
The problem is how to be able to synchronize an ever-growing database across an unlimited number of peers, and the answer is "through chunks we call blocks".
Adding ing to any word, is similar to in English as adding ling to any word. So if it were English, it would be vikling, someone who is of the vik.
Norwegian definition: Vik er et vannområde som danner innskjæring i kysten eller i en innsjø, oftest trangere enn bukt og kortere enn kil.
This would consolidate the wealth transfer in favor of asset holders, but would at least not make it worse, and non-asset holders generally don't really understand what's happening anyways so that's why it's the path of less resistance.
From your second link (digital currency fed boston):
The researchers also note that the faster system, the one processing 1.7 million transactions per second, the transaction quantity “appears to scale linearly with the addition of more servers,” which would sustain an even larger volume of activity.
To my understanding, the lightning network scales exponentially with the number of participants (servers) because of its edge-contracting capabilities, so I wonder if it is something they took into consideration. Granted, the lightning network transaction protocol is not the same as Taro/RGB, but I imagine it would scale similarly.
I agree that they don't need decentralization, but I'm wondering if the proposed protocols are the superior choice regardless, because of their effectiveness and ready for production-ness. The control over the smart contracts themselves may still be centralized while the platform they operate on are not.
> The CBDC idea is terrible anyway. The only people who want this are authoritarians who want to control how people spend, control the money supply and enrich themselves. There is no benefit to regular citizens in having a CBDC over what they can do with either bitcoin already, or can do with cash.
In my experience many citizens like using their nation's currency, and don't mind that the government has some control.
> A nation should just stick with part cash, part electronic money, but should back its currency with bitcoin and gold, and stop pissing away its value with constant credit expansion. If there's any purpose in a CBDC, it should be that the citizens of a nation can audit the central bank. I can guarantee this is not what politicians have in mind when they talk about CBDCs.
Is there a reason why the electronic money in this case couldn't be CBDCs?
Like for example a minimalist build of the PinePhone with software that literally never updates unless there is a security issue. Maybe something like a stripped down Slackware, or I was gonna say OpenBSD where even the proprietary hardware drivers are re-written to be open source (and free), but I guess for the PinePhone, the hardware is already open anyways.
edit: A stripped down Slackware I should say
Since the layers are directly connected, it doesn't sound like to me that you'd have to dig into the very core for that to happen.
Of course at the current state of affairs the effects are miniscule, but it doesn't sound like a very good investment as something to potentially scale up in the future to where it will actually matter.
If it turns out to be a problem, how hard would it be to insert fuel back into the earth's core to sustain the magnetic field?
So a single nuclear power plant would be roughly equivalent to 0.002% of earths geothermal energy radiation. It doesn't sound like much, but for something as crucial as the earth's magnetic field, I wouldn't want to reduce it one bit.
I guess if the heat is radiated into space anyways and we simply capture that it doesn't speed up the core's energy loss, but if we start digging into the core and allowing energy to escape faster, we would effectively speed it up, right?
After you get it to work, I'm not sure if your server would have a worse data set for speech recognition etc, maybe, maybe not. I'm guessing it should be all right because they are using a Mozilla free data set (which you contribute to by default I think, if you use their server).