Re:$34M permanently locked into AkuDreams contract forever d...
by Workaccount2 on Saturday April 23, 2022 @02:55PM
(#31137222)
The problem is that it inherently places an ever growing bounty on corrupting those "trusted" sources which are in fact human, not cryptographic.
The bounty in crypto is only in cracking whatever chosen cryptography, and this is the very heart of crypto's provably rock solid trust. This bounty is worth trillions, but we known with a (very) high level of certainty that no one can claim it. You would have to have broken cryptography, or developed a sci-fi level computer chip in total secret.
How much can you trust a handful of news sources when the bounty for gaming them reaches the billions or hundreds of billions in value? What kind of person suddenly wants to become an editor when they get to wear one of the rings of power? (sorry I've been reading LOTR lately)
There is a simple calculus here (and everywhere) that shows that as the value of trust grows, so does the value of breaking that trust. Crypto solves this by making the cost of breaking that trust far outside human's capability. It probably would be be asking too much to introduce an element that suddenly makes that cost practically obtainable compared to cracking crypto.
The bounty in crypto is only in cracking whatever chosen cryptography, and this is the very heart of crypto's provably rock solid trust. This bounty is worth trillions, but we known with a (very) high level of certainty that no one can claim it. You would have to have broken cryptography, or developed a sci-fi level computer chip in total secret.
How much can you trust a handful of news sources when the bounty for gaming them reaches the billions or hundreds of billions in value? What kind of person suddenly wants to become an editor when they get to wear one of the rings of power? (sorry I've been reading LOTR lately)
There is a simple calculus here (and everywhere) that shows that as the value of trust grows, so does the value of breaking that trust. Crypto solves this by making the cost of breaking that trust far outside human's capability. It probably would be be asking too much to introduce an element that suddenly makes that cost practically obtainable compared to cracking crypto.