Cryptocurrency: -- The New Social Contract
punks at tfwno.gf
Wed May 27 17:10:55 PDT 2020
On Wed, 27 May 2020 10:18:16 +0000
"other.arkitech" <other.arkitech at protonmail.com> wrote:
> 1.- Nodes broadcast evidences (a generalized term I used to represent transactions).
> 2.- All nodes are aware of all evidences
> 3.- verified evidences are applied in real time onto a temporary view of the 'new' state made of the current state plus a the diff they are building.
> 4.- At agreed timings they sign and broadcast their diff
> 5.- All nodes decide, based on the views of the rest, which is the legitimate diff and broadcast the hash of their delta.
> 6- All nodes receive the hash of the legitimate delta from the rest, and decide which delta is the legitimate based on a majority of 'votes'
> 6.- if the winner delta matches the one they computed they just apply the delta to the current state to produce the next state. If not they request and receive the delta from neighbours.
> 7- goto 3
> Let me know if it is understandble.
let's see if I get it...
1- all nodes receive a number of transactions
2- they validate the txs/compute a new state
3- they broadcast a hash of the new tentative state
4- each node gets hashes from all the rest
5- the most common hash is the winner?
That seems to work, based on voting being limited by the one IP addr/one vote rule? (unless there's some obvious flaw, 'known in the art')
Not sure how it scales when the state is big, there are a lot of nodes, and every node has to make sure that it's getting all (or most) of the votes.
as to creation/distribution of coins, each node gets one coin(or whatever) per cycle?
> It means getting rid of criminal orgs to replace them with trustable machines that can serve us to run a public system -
governments don't need to be replaced, simply exterminated, but ok.
> I dont have any political bias, ZERO.
> I am no-wing.
> I don't care about classic politics or ideologies.
that's nonsense, but ok.
> I do care about personal ideas and the right to not be represented by anyone. Politicians are 3rd party actors. Unnecessary in a P2P understanding.
> 3rd world means people with talent who cannot afford to have a comfortable home with broadband connection.
> poverty can be eradicated.
poverty per se is not a problem. Plus, the 'riches' of your 'first' world are created by a seriously fucked industrial society and looting of the 3rd world. You'd be better off being poor, honest, and free. But ok.
> I hope this helps a bit more in the understanding of USPS.
> Thanks for asking. : )
More information about the cypherpunks