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tdro

Another wandering soul whispering into the void. If you are looking for my blog you are in the wrong place. The profile and header pictures are brought to you by cdd20.

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It’s hard to “peek into” other knowledge domains successfully. The reason; marketing fuzz.

: 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.

For example;

Cryptocurrencies are 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?

Blockchain’s implicit permanency favours Bitcoin’s rules and use cases. Economically, that’d suggest noncompatible use–cases/cryptocurrencies/forks become irrelevant.

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 and a blockchain. 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”.

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tdro

Another wandering soul whispering into the void. If you are looking for my blog you are in the wrong place. The profile and header pictures are brought to you by cdd20.

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So, I’ve been thinking (uh-oh).. there’s this idea/law by Melvin Conway (popular in programming books) that goes something like this;

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 really! 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 sybil, a 51% attack: similar to democracy’s extra fun “limbo” mode).

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tdro

Another wandering soul whispering into the void. If you are looking for my blog you are in the wrong place. The profile and header pictures are brought to you by cdd20.

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I’d have never peeked so deeply into cryptocurrency lore..

..if it wasn’t for this guy visiting my country. I am now “enlightened”. Spoiler: Blockchain protocols computationally formalize/describe a 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;

  1. In public (freedom of information)
  2. With immutability (no deleting things)
  3. With consensus (majority vote)
  4. With inefficiency (to weaken bad actors)

Citizens and other low power (centralized) entities can do some of the above (federation), but mostly (wisely) communicate/act/bank;

  1. In private (freedom of association)
  2. With mutability (to protect privacy)
  3. Without consensus (freedom of expression)
  4. With efficiency (to build–up fast actors)

Individually, (5-8 > 1-4) no? But (1-4 > 5-8) in dictatorships (5-8)? Blockchain governments for maximal oversight? Not happening :)

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tdro

Another wandering soul whispering into the void. If you are looking for my blog you are in the wrong place. The profile and header pictures are brought to you by cdd20.

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A superficial review of the paper that pulled a monetary deus out of a machine..

Yes yes, reading is old school and for losers (according to the Internet), but these are the words of cryptocurrency’s based god! Jokes aside, read the first sentence of that abstract. The developers of cryptocurrency are smart but has their creation increased/decreased centralization into entrenched financial institutions? Think about it, stably. In my country institutional power has increased, .

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Bitcoin: A Peer-to-Peer Electronic Cash System
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