Blockchains and AI are complementary technologies;
And will be the most relevant in the upcoming decade.
With the massive improvements in AI,
AI-generated content will become indistinguishable from original one, which creates a far greater authenticity problem.
This requires a robust and sound solution;
digital signature schemes and a trustworthy source of information (permissionless blockchains).
This of course carries benefits such as the eradication of black mail, as no content – even if authentic – would be considered as such without the concerned party's signature.
#Money is arguably the greatest invention humanity has ever produced.
Money has lowered our time preference significantly, enabled economic calculations, and facilitated complex production processes.
This is known as costless or trustless verification of authenticity; as entities only require the public key of their counter-party in order to verify signatures.
A fundamental component of public #blockchains – and secure Internet communications in general – is the ability to trustless-ly verify authenticity through digital signature schemes.
Digital signature schemes provide excellent guarantees; as concerned entities can be convinced that some data is authentic only by running a trivial computation on their hardware.
To this day, no smart contracts chain has implemented a viable solution to the #blockchain scalability problem.
All "scalable" chains sacrifice massively on #security, or #decentralization, or both.
To this day, no smart contracts chain has implemented a viable solution to the #blockchain scalability problem.
All "scalable" chains sacrifice massively on #security, or #decentralization, or both.
#Money is arguably the greatest invention humanity has ever produced.
Money has lowered our time preference significantly, enabled economic calculations, and facilitated complex production processes.
Algorithmic #stablecoins will become a functional and prominent part of the ecosystem.
Preferably tracking a consumer price index rather than a centralized fiat currency.
The relative ease of recovering from majority attacks in #PoS-based systems is often under-appreciated — especially by Bitcoiners.
This property could be even more important than the energy efficiency of such systems.