Re:What's Blockchain Good For, Anyway? For Now, Not Much
by pjkundert on Monday October 28, 2019 @06:17PM
(#21382325)
A combination of two;
1) A consistent global ledger balance doesn't require global consensus; only local agreement, with global enforcement of rules. See: holo.host. Result: linear scalability (think: billions of agregate transactions per second), and CaP (Consistency and Partition-tolerance, with limited availability: any node you can see, you can transact with). Non-repudiable instantly, and finality as soon as one participant node in any transaction rejoins the larger network.
2) Direct monetization of assets with a market price; Dynamic issuance of credit based on price of monetary units vs. a basket of commodities. Sorry, word salad: your money maintains a perpetual, immutable value relationship to a large basket of commodities. No uncorrected inflation/deflation. Dynamic issuance/withdrawal is automatic and system-wide; no "first spender" pissing in the punch.
1) A consistent global ledger balance doesn't require global consensus; only local agreement, with global enforcement of rules. See: holo.host. Result: linear scalability (think: billions of agregate transactions per second), and CaP (Consistency and Partition-tolerance, with limited availability: any node you can see, you can transact with). Non-repudiable instantly, and finality as soon as one participant node in any transaction rejoins the larger network.
2) Direct monetization of assets with a market price; Dynamic issuance of credit based on price of monetary units vs. a basket of commodities. Sorry, word salad: your money maintains a perpetual, immutable value relationship to a large basket of commodities. No uncorrected inflation/deflation. Dynamic issuance/withdrawal is automatic and system-wide; no "first spender" pissing in the punch.