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jude- | 4 years ago
Hate to break it to you, but if your consensus rules permit forks, then there's no getting around this. A fork can be mined arbitrarily far in the future that builds off of a block arbitrarily far in the past.
We intend to partition state by application, for applications that are willing to trade smart contract composibility for more block space: https://gist.github.com/jcnelson/c982e52075337ba75e00b799421...
> But then again if you're building it on top of the literal money fire that is bitcoin, who cares about scalability and resource use!
Show me a more resilient blockchain and we'll build on that instead. Popular systems see lots of usage; news at 11.
frazbin|4 years ago
Ultimately it comes down to what you like about the blockchain chimera. Some people like proof of work for its own sake; they think that's the way forward. Some of us think that public distributed append-only log structures with cryptographically enforced permissioning are super interesting all by themselves, maybe even MORE interesting without proof of work!
Long term I don't think it's going to be any fun until a larger subset of homomorphic computing is cheap enough to run distributed-consensus style. In the meantime all I know is it's a lot more fun once you stop trying to be the source of truth for the universe, and accept proof of stake as a natural compromise necessary to keep playing with our toys w/o burning up.
I'd be happy to share but you'll have to message me. And I'm an idiot.