Re:MadMax: Analyzing the Out-of-Gas World of Smart Contracts...
by ATsch on Tuesday February 08, 2022 @01:51PM
(#30262695)
There can never be, for two simple reasons:
1. Making the whole world agree on something is inherently slow so there is limited capacity.
2. Every decision has to be made by a computer so the only solution available is some variant of auctioning to the highest bidder. Some number must compare larger than another and the only number you can't lie about is wallet balance (directly or indirectly via resource waste for PoW).
These are fundamental properties of the tech and one reason why these systems can never actually be usable for anything except a playground of a few wealthy hobbyists.
1. Making the whole world agree on something is inherently slow so there is limited capacity.
2. Every decision has to be made by a computer so the only solution available is some variant of auctioning to the highest bidder. Some number must compare larger than another and the only number you can't lie about is wallet balance (directly or indirectly via resource waste for PoW).
These are fundamental properties of the tech and one reason why these systems can never actually be usable for anything except a playground of a few wealthy hobbyists.