It’s hard to “peek into” other knowledge domains successfully. The reason;
: Blockchain data–structure is
designed only for Bitcoin’s rules.
Large deviations from Bitcoin go nowhere.
Ethereum appears to be the only
protocol with minor deviations from Bitcoin.
blockchain protocols —
laws (protocols) on permanent appendable excel sheets (blockchains). Bitcoin is
not the only protocol. Various cryptocurrencies have differing rules but..
Are cryptocurrencies limited/driven by blockchain data–structure?
favours Bitcoin’s rules and use cases. Economically, that’d suggest
I’m too dense/lazy to understand the shared roles of the data–structure and
protocol in the full implementation;
Or more specifically, the difference between
a merkle tree
So, no plausible technical predictions on coinage–but perhaps the government’s
broken clock is right twice a day? Bahamians need permission to “officially
invest” in crypto–stock “currency”.
Any organization that designs a system will produce a design whose structure
is a copy of the organization’s communication structure.
Many suns ago, local events “piqued” my curiosity into cryptocurrency hype.
Praise be to the king–no
Anyway, reading the leaves and decrypting the crypto–babble made bits of
sense.. at least superficially.
The point: there’s plausibility that
one or many powerful democratic
government(s) designed/orchestrated the cryptocurrency ecosystem. Yes, hard to
prove but.. the architecture is an uncanny 1:1 copy of government communication.
Even abuse/failure modes are 1:1 (see
similar to democracy’s extra fun “limbo” mode).
..if it wasn’t for this guy
visiting my country. I am now “enlightened”. Spoiler:
Blockchain protocols computationally
government’s high power
restraints within democracy. In civics (social studies), democracy is
decentralized power (no/many kings) and therefore implicitly inefficient.
Democratic governments (in perfect world) communicate/act/bank;
In public (freedom of information)
With immutability (no deleting things)
With consensus (majority vote)
With inefficiency (to weaken bad actors)
Citizens and other low power (centralized) entities can do
of the above (federation), but mostly (wisely) communicate/act/bank;
In private (freedom of association)
With mutability (to protect privacy)
Without consensus (freedom of expression)
With efficiency (to build–up fast actors)
Individually, (5-8 > 1-4) no? But (1-4 > 5-8) in dictatorships
Blockchain governments for maximal oversight? Not happening :)