I hate when people say things like:
"You knew Bitcoin et al. were created out of thin air (or less)..."
~ Javert Chip
If this person used "out of thin air" in a sense evoking the process behind how most commercially produced nitrogen is made - which is to say "out of thin air" - then I have no qualms with their use of that expression.
But no one uses that phrase like that.
What is super ironic though, is how right they actually are in their wrongness.
'Bitcoin et al.' were created out of the nearly unlimited digital possibility constantly provisioned by networked computers atop which, methods from several distinct fields of cryptography, game theory, software engineering, programming and a few other fields were pulled together and combined in just the right order.
Being able to mine the first bitcoin on 3 January 2009 and not on 2 January 2009 is no different than how nitrogen was unable to be harvested from the atmosphere before chemistry had advanced enough to where knowledge and techniques could be applied to the atmosphere in just the right way.
If you think deep enough, ever since the atmosphere first formed, or from the time that the first networked computer system was set up, the possibilities of both nitrogen harvesting and bitcoin mining had always existed. It's just that those possibilities were concealed.
Because those possibilities were concealed, they were 'impossible'. Every possibility that has not yet been revealed is by definition impossible.
Pulling something out of thin air used to be impossible, and then one day, it was possible - it became true. In Greek 'aletheia' means truth. It's literal translation is 'unconcealed'. Truth is just the revealing of possibility.
So when someone mocks another's idea by saying it is 'impossible' because they are too thick to realize that concealed possibilities are continually being revealed, just tell them to go fuck themselves. That is, after all, how their life literally ceased being an impossibility and became possible to begin with.
2018년 1월 24일 수요일
Human Proof of Work (PoW)
I saw a tweet the other day that - for some reason or other - I didn't 'heart' or re-tweet so I couldn't find it to reference, but has still nonetheless stuck with me.
The basic gist of the tweet was this: Graduating and receiving a diploma from university is the human equivalent of Proof of Work. It signals to others that you were able to literally put the time and effort into something and can be trusted in some way now that, before receipt of that document, would have been perceived as higher risk or not even considered at all.
Although the poster was drawing a direct link with the consensus mechanism for Bitcoin, I was reminded of my late Great Uncle John. The last summer before heading off to college I was visiting his beach house down in Rehobeth, Delaware.
He and I were chatting when he asked me if the rumors were true that I was heading to Pittsburgh in the autumn to study. I replied yes, and then he put his hand on my shoulder, looked at me with a serious expression (which was out of character for a man who was *always* laughing) and he just said: "A degree is just a piece of paper to prove to others you are willing to put some hard work in and stick around for a little, so make sure you get one."
It was a simple comment, but so many people stil believe that which I guess makes it profound. I can appreciate that profundity, but like many these days, I just can't help but feel that such an expensive and time consuming PoW model is no longer necessary anymore - there are far cheaper, much quicker and more varied ways to verify the same thing.
Anyways after seeing that tweet and thinking about Uncle John, I started to think of some other human PoW examples besides 'graduating from a 4 year college' and I came up with this list:
These are all things that people can do that, whilst difficult and time consuming, tend to result in regular, consistent recognition if not outright admiration from others.
So then I got to thinking, which PoW examples could be changed to a human equivalent of Proof of Stake? How different would those examples look after switching to PoS? How many more people would benefit if it was not only much easier to accomplish something, but if that accomplishment would also provide an equal if not better reward or response from others?
There are many daily activities in many peoples lives that could be accomplished with a fraction of the effort and time, but still provide a similar if not better result as the traditional PoW activity. And this is where I think a lot of Dapps are going to find extremely broad adoption by allowing an easy but powerful way for anyone to stake their reputation, wealth or confidence in order to quickly and efficiently do work that gets them the results they need. I have a few ideas cooking myself that I hope to share soon.
If you are curious about this stream of thought, I recommend you check out the article by @twobitidiot on Medium entitled “Skin-in-the-Game Coins” and pay particular attention to the section on 'Token Curated Registries' which is essentially a human PoS consensus design architecture.
Source: https://medium.com/@twobitidiot/skin-in-the-game-coins-da0afdfdc650
The basic gist of the tweet was this: Graduating and receiving a diploma from university is the human equivalent of Proof of Work. It signals to others that you were able to literally put the time and effort into something and can be trusted in some way now that, before receipt of that document, would have been perceived as higher risk or not even considered at all.
Although the poster was drawing a direct link with the consensus mechanism for Bitcoin, I was reminded of my late Great Uncle John. The last summer before heading off to college I was visiting his beach house down in Rehobeth, Delaware.
He and I were chatting when he asked me if the rumors were true that I was heading to Pittsburgh in the autumn to study. I replied yes, and then he put his hand on my shoulder, looked at me with a serious expression (which was out of character for a man who was *always* laughing) and he just said: "A degree is just a piece of paper to prove to others you are willing to put some hard work in and stick around for a little, so make sure you get one."
It was a simple comment, but so many people stil believe that which I guess makes it profound. I can appreciate that profundity, but like many these days, I just can't help but feel that such an expensive and time consuming PoW model is no longer necessary anymore - there are far cheaper, much quicker and more varied ways to verify the same thing.
Anyways after seeing that tweet and thinking about Uncle John, I started to think of some other human PoW examples besides 'graduating from a 4 year college' and I came up with this list:
- Growing Twitter followers organically
- Climbing the corporate ladder
- Building up Reddit reputation
- Earning regular avc.com upvotes
- Attending church regularly
- Creating a successsful newsletter
- Having a baby with your spouse
- (Feel free to add more)
These are all things that people can do that, whilst difficult and time consuming, tend to result in regular, consistent recognition if not outright admiration from others.
So then I got to thinking, which PoW examples could be changed to a human equivalent of Proof of Stake? How different would those examples look after switching to PoS? How many more people would benefit if it was not only much easier to accomplish something, but if that accomplishment would also provide an equal if not better reward or response from others?
There are many daily activities in many peoples lives that could be accomplished with a fraction of the effort and time, but still provide a similar if not better result as the traditional PoW activity. And this is where I think a lot of Dapps are going to find extremely broad adoption by allowing an easy but powerful way for anyone to stake their reputation, wealth or confidence in order to quickly and efficiently do work that gets them the results they need. I have a few ideas cooking myself that I hope to share soon.
If you are curious about this stream of thought, I recommend you check out the article by @twobitidiot on Medium entitled “Skin-in-the-Game Coins” and pay particular attention to the section on 'Token Curated Registries' which is essentially a human PoS consensus design architecture.
Source: https://medium.com/@twobitidiot/skin-in-the-game-coins-da0afdfdc650
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