Oddbean new post about | logout
▲ ▼
ynniv | 16 hours ago (raw) | root | parent | reply | flag 
 Ok, "consensus is limited by communication speed". 

But, I should have added that L2 mitigates this.
▲ ▼
CitizenPleb | 16 hours ago (raw) | root | parent | reply | flag 
 Just thinking if one is being highly conceptual and speculative about AI and the implications of the machine consciousness, one should also be allowed to fantasize about an unknowable future where bitcoin is also not bound by the current constraints of today’s reality.
▲ ▼
ynniv | 16 hours ago (raw) | root | parent | reply | flag +1 
 A consensus protocol will always be limited by the speed of communication. I've got nothing against interplanetary consensus, as long as we agree this requires faster than light communication. 

But, locking funds into an L2 lets you run a local economy of the locked in size.
▲ ▼
Constant | 15 hours ago (raw) | root | parent | reply | flag +1 
 You dont need faster than light comms, just longer blocktimes
▲ ▼
ynniv | 15 hours ago (raw) | root | parent | reply | flag 
 As you stretch out block times it becomes easier for people to game the work factor. Might work for Mars... probably not out of the solar system.
▲ ▼
CitizenPleb | 15 hours ago (raw) | root | parent | reply | flag 
 It’s such a long off problem as well. 

Even in the next 500 years in an age of space exploration and discovery, the need for a hard money is small in a far flung outpost that’s largely dependent on trade back and forth from a home planet. Mining scarce minerals on an asteroid or exploring the moon of a gas giant for example.