So: are blockchains essential to decentralization?
No! In fact, decentralized approaches dramatically predate Bitcoin! In fact, blockchains often lead to "reproducing" centralized structures because it's just too easy to "throw the centralized mindset on top of a blockchain"!
But I also think *convergent decentralization* is being dramatically over-hyped. And that's no shocker because that's where the $$$ is. But it's not where the most important research needs to go.
So okay, for the rest of it, well that's what @spritelyproject is for...
Oops i accidentally split this thread in two, other half is at https://octodon.social/@cwebber/107492636810769669
@cwebber I haven't seen a proof-of-anything blockchain yet that doesn't either use more resources than it's worth, or creates/maintains a weird power structure between participants that will only be net positive for a minority. I've looked, argued about it, and so far, nobody has managed to show me something working.
I'm all for the git-as-blockchain kinds of systems where that doesn't exist, but that's not what people call blockchain. So I'd rather stay away from the term.
@jens yeah I talked about that over on the birdsite https://twitter.com/toba/status/1473752997083627520
There's FairCoin, HyperLedger, and Holochain. FairCoin is mathematically a Bitcoin-like blockchain that uses only 12 democratically elected nodes for signing, so blocks gets signed consistently, but there's low competition and minimal redundancy so it's very efficient. Holochain is software that creates multiple small chains where only the participants in the transaction participate in signing blocks, similarly reducing overhead. HyperLedger is a collection of blockchain software with various trust profiles for industrial use managed by the Linux Foundation for IBM and other providers; this is how Walmart avoids throwing out all their lettuce when there's salmonella contamination from one or two sources
For white westerners, blockchain is waste, currency speculation and art fraud. For others, it's freedom from colonizer currencies and a path towards markets free from monopolies like Steam, the App Store, Belgian chocolate manufacturers, Cristie's and Sotheby's, the CBO, and others. Neither perspective is wrong, just incomplete in itself
@yaaps @jens @cwebber "art fraud" 😂, I was thinking we *really* need to separate the "selling viewing rights at ridiculous price points" part from the "a hopefully less abusable artist-centric trade platform" part - NFTs are affected by the shouting match problem as well imo.
And more thick clients to help with the latter part!
@yaaps @jens @cwebber One part of me is really into technologies which allow communication with spotty, minimal infrastructure - how do you do digital transactions, messaging, and more when there isn't a reliable network, let alone the Internet, where you are? And what happens when someone tries to do that across two disconnected groups?
Most cryptocoins won't be able to handle that. Holo is on my radar because it just might. Scuttlebutt is literally built for this use case.
@yaaps @jens @cwebber What I (and Christine towards the end among all the ocap talk) was saying is that "freedom from colonizer currencies and a path towards markets free from monopolies" need not mean yet another single, globally synchronized thing like a classical distributed ledger. Other approaches exist, and might have unique benefits as well.
@yaaps @jens @cwebber Overall, I think that many of the shortcomings in this field are "unfortunate" - bad, very bad, but we simply haven't invented anything better yet. Mutually suspicious finance needs to exist, the coins are good enough for that, but we sure hope a better one comes along. And that's where exploring the edges of the space and attacking the problem from new perspectives becomes very important.
...Why did I just write a whole mini blog post which likely won't be read seriously?
@Parnikkapore @yaaps @cwebber Mutually suspicious finance can easily be done without a blockchain. First, a transaction needs to be signed by both parties to be valid. Second, all transactions need to be published. Then all transactions relating to e.g. a single party can be audited, for example for overspend.
None of this requires proof-of-anything as part of the publication process. It does require distributed storage, though. It doesn't even need...
You can protect the system with a web of trust, e.g. "I trust audits by X", and since you trust me, you accept my trust recommendation. If the audit says "don't trust Y", so be it.
It's s formalisation of how we deal with block recommendations here.
There are flaws to be addressed, to be sure, but I don't see a need for blockchain here.
So the legit use case for blockchains would be adversarial situations, such as unregulated marketplaces
What's clear is that this shouldn't be the default lens. Having markets with efficient transaction costs should be sufficient incentive to self-regulate, but the web of consent needs a fallback for situation where bad actors have power
@yaaps Right. But the downside of the blockchain approach is that if the bad actors have power (i.e. control the chain sufficiently), there is no way to dispute that or disentangle yourself from that.
The blockchain mentality is to acknowledge this, and try to add more higher layers of meta-management mechanisms to balance it out. Have bad actors punished. If punishment is turned into a weapon, have another layer punish weaponizing punishment. Turtles all the way down, err, up.
@yaaps In system design in general, that is rarely an approach that lasts; it's an approach that you keep tweaking ad infinitum. It's generally more stable to reduce control mechanisms than add more; you want to find a kind of mexican standoff, where destructive moves make no sense. You don't need layers upon layers of mechanisms for that.
Force of habit
I happen to agree very strongly with @cwebber and only differ in emphasis. Missing, in particular, from this conversation is that blockchains and OCaps are interoperable and have different trust profiles
There is a use case for blockchains, though it's much narrower than proponents usually imagine. Specifically, the vast majority of what I hope to accomplish would be better served by the OCaps tooling than by blockchain
A lot of games, especially from developers in Southeast Asia, are currently being developed for Blockchain in order to circumvent restrictions and fees imposed by marketplaces like Steam, Google Play Store, Apple App Store, and the Xbox and Window stores. Players, including many who are educated about the problems of walled gardens, are angry about this - and it's not unjust. It just would be much better if it was possible to take a nuanced view without being berated as a blockchain partisan
After all, the only thing I've done to earn that tag is express literacy in my critique. It's not you; it's endemic to the social climate in which this discourse is being attempted
"intro to distributed computing" ramblings
> only the participants in the transaction participate in signing blocks.
makes some sense. both parties could sign nonsense transactions that would essentially make new money, but since there would be a ledger, the party receiving the money wouldn't want to do that because when they tried to spend more than the ledger permits no other right-behaving clients would accept their fake money.
does Bitcoin not work that way? (never read the specification for Bitcoin) I recall something about needing several clients to check the transaction or block of transactions before they're official. i guess you'd still want something like that though, otherwise every client, for every transaction would need to check virtually the whole log of transactions for every exchange. consensus on past blocks means you can say, "ok, we're good from here back, so I can accept this transaction based on my own verification from here forward". not sure about "blocks" though: seems like you would register your approval of all individual transactions until you found "enough" signatures on the set of transactions leading to the one you participate in directly.
(IDK how you "register approval" though: maybe that's just part of what's exchanged for any transaction. you give to other participants your signatures of all transactions back to that agreeable consensus point and they reciprocate if they're all good.) still there's the problem of whether the ones who sign into the consensus are "good guys" vs some cadre of baddies who all collude to make bad txns for money or lulz: I don't know how you select that quorum or size it because I don't know how you count all of the population... that's a tough one in a "public ledger".
I think the expensive part is in minting the money in the first place because, if you don't want a central entity to say what's money, then you need some way for anyone to generate it, but it can't be too easy or the money won't be worth anything, hence proof-of-work. personally, I guess I don't care much about the other decentralized alternatives: I'd rather have actual central banks backed by governments minting the money and signing it into the system. across currency systems, we can have currency exchanges like we have now with govt backed currency.
"intro to distributed computing" ramblings
OTOH, since I don't care much about decentralization, an easier path to virtual money is something like @cwebber posted a little while ago about a "virtual mint", where you basically keep a secret token of value signed by the mint as an analogue of physical money. then you share that token over a secure channel to spend it, and the receiver/seller *before forking over the thing you're buying* asks the mint for a new token, using the one you gave as license to receive the new one, thus verifying and invalidating the old token to prevent double-spending.
@yaaps @cwebber That's not really a reply that addresses both of my concerns. Which is fine, I'm not trying to challenge you to do that. But I am looking for blockchain that passes both categories; one isn't sufficient.
Faircoin's proof-of-cooperation is great, I suppose I have to direct you to my thread from yesterday why it's not a great approach. Which of course you may disagree with. Better than repeating myself here, at any rate.
the distinction between the convergence to cosntitute a single distributed machine and the communication among distinct machines (distributed or not) is, to me, something new
it's enlightening and insightful
I still don't understand the PoW/PoS thing and the Catp thing
But at least now I have a geography of the continent, if you allow me this analogy
everything attempted to read previously was, frankly, too abstract, rethorical and lenghty
so this is a substantil progress, a fundamental bit
I think this should be consoldated in a blog post somewhere
I find the convergence interesting personally. It devises a strong solution to the "consent" aspect of "consensus", as in, "here is why I'd bother to participate". That's a carrot and stick problem. Most of computing has added consensus sticks(systemic enforcement and monitoring mechanisms) and an occasional carrot(video gam, cat picture), while "Blockchain" adds a whole lot of carrot($$$) with very few sticks.
That specific incentive is wildly suited for people who can "think" in finance - and, lo and behold, the financial industry is really the one sector that's all over it and leading the way; not the rest of tech or other markets. While outsiders are indifferent or hostile to seeing new finance carrots, insiders looking for disruption are jumping up and down in excitement. This is their chance to reset the board and the rules. It's not very principled, but it does let them try new stuff, like any useful tech.
I agree there's no tech that decentralizes everything. We're mostly just accumulating options for centralizing at different scales.
@cwebber this has the potential to get confusing in discussions around stellar's "quorum slices," as they've basically found a quorum based mechanism that works with open membership.
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