The need for proof of operation

By definition, none of this is true for distributed systems. The breakthrough achieved by Satoshi Nakamoto is that he created a system in which all participants can focus on the same facts. The only reason this is possible is proof of performance.

The downside to proof of work is that you can create an irreversible history. If there is a conflict between the two data, the data with higher resolution should be preceded. By definition, the chain with the most functions is the correct one and we call it the Nakamoto Consensus.

Why use assistive devices as a metric? In short, work requires energy. He cannot lie, slander or lie. Proof of employment is affected by work.

In the Bitcoin network, performance means counting. All calculations, but special calculations have no shortcuts: guess. The reason there is no shortcut is that this calculation is subject / cumulative (unsuccessful) and irrelevant. All estimates are new estimates.

The best is the auto-inclusion function in the count results. The information is self-explanatory. Calculation results are factually established and no external authority is required to provide the facts. Following the estimate, the data represents the salary paid for it.

Other procedures, such as proof of law, are not able to do this. You cannot be sure what you are seeing is true because there is no cost to create another external reality.

Counting is the only bridge between global information and global organizations. When we create data, we only have data and its variables, for example calculations. Counting takes effort. Energy is a bridge. Real energy.

If you cut off the end that leads to the physical world, you will be in a trance. I don't know what happened. You have to trust others who will tell you what happened. You can't test yourself. You have to trust.

Many other questions linked to the obviousness of the rule of law, such as the fairness of electing the right person (who will be elected and how?), The naturalization of centralization (several rights = several donations = several rights) , and the lack of time resistance. handling available. refuse.

Proof of manufacture can solve these problems. This can disrupt the electoral process and produce physical evidence of an outcome, resulting in physical costs and time allocation.

Link: Bitcoin is a clock (Chinese translation)

As Proof of Work is a waste of resources, before we answer these questions, we must first understand how Proof of Work issues can be resolved. . If you understand this problem well, you will see that there is no other solution without trust.

So the question is: what is the implementation of reliable digital voice calls? Is it worth it?

If you make a refrigerator, car, or smartphone, the public will think it's worth it. If it were Bitcoin, those who understand the social benefits of a healthy and strong currency against censorship would respond well.

After all, proof of office is not only valid, but also important. Without it, a numerical advantage would not work. We can no longer do without the anchor that connects the earthly body. Without this anchor, we could not prove our identity and our history reliable. Energy is the only thing that can be the basis of our hands.

Proof of work = Relying on physics to determine the outcome

Proof of fairness = trusting people to determine the outcome

I am patient with anyone who thinks Bitcoin is a waste. I had the same feelings before, but I changed my mind. Like most people, I don't know anything about (solid) money.

Link: Bitcoin Energy Consumption - Changing My Perception

The problem of how to get timely approval in a reconciliation effort cannot be completely solved, even in theory. Research shows that such a solution can solve this difficult problem.

Ledger takes time and time is a thermodynamic concept.