Re:Why Peter Thiel Fears Star Trek
by logfromblammo on Friday January 20, 2017 @02:52PM
(#13446506)
One wonders why the Federation never told the Ferengi about the only currency ever successfully used on Earth after the invention of replicators, Dogecoin.
I choose to retcon latinum as a device that physically encodes a cryptographic key, writes a signed hash into a subspace blockchain, and continually supplies computation power to the latinum validation network. It may look pretty, but it is actually a sophisticated ASIC that runs entirely on ambient photovoltaic energy.
So you can replicate latinum, but in order for it to be worth anything, you have to possess a specific bar that the network has designated to be split, or you have to replicate more than all the other latinum already in existence, to perform a 51% attack on the network.
I choose to retcon latinum as a device that physically encodes a cryptographic key, writes a signed hash into a subspace blockchain, and continually supplies computation power to the latinum validation network. It may look pretty, but it is actually a sophisticated ASIC that runs entirely on ambient photovoltaic energy.
So you can replicate latinum, but in order for it to be worth anything, you have to possess a specific bar that the network has designated to be split, or you have to replicate more than all the other latinum already in existence, to perform a 51% attack on the network.