Could you describe a case example how that applies in practice?
Because yeah I understand that when we all have our own copy of the data someone can’t falsify all our independent copies but is data being tampered like that even the problem?
It’s a problem when you’re dealing with decentralized systems (read: Byzantines general probelm). If there’s no central authority, how do you verify the person actually has the money and isn’t lying / double spending?
Bitcoin is an example. A wallet is unique data (private key) that is stored only the users storage. That private key proves ownership of funds owned by a wallet address / hash. A wallet address has funds if someone with valid funds sent money to it. A person initially gets that data by mining, which is like spending computational power to solve a puzzle, in which solving also processes a set of transactions at the same time. This is like the process of minting, except anyone is allowed to mint. It also helps identify who the miners/minters are, since utilizing energy gives a signature (It’s really hard to hide using a megawatt of energy with a thousand computers, for example)
A use case is it allows people in war torn countries to consolidate their wealth digitally. Gold, for example, could easily be confiscated at the border, or the refugees currency could only have value in their country. Lebanese people had their money squandered by the banks and the government, because they were the central authority. In a system managed by people, over a long enough period of time, a bad actor will gain some control of the system. This effect is worse the more control is centralized.
It also means you couldn’t sanction other countries the way the America is doing to Russia’s banking system right now. I’m indifferent about that argument but maybe you think those sanctions are good in which case would be a point against decentralized currencies.
I think more interesting ideas in blockchain involve decentralizing ID. A microchip in the heart can both act like a smart watch by monitoring health data and represent a unique identity in a decentralized system by using the biometric information like a fingerprint scanner. With a secure decentralized way to establish identity, you can decentralize voting, and remove politicians from the political system
A microchip in the heart can […] remove politicians
I… think that would be a crime, even with a majority vote. 🤫
biometric information like a fingerprint scanner. With a secure decentralized way to establish identity
We already have that in most countries, it’s biometric national IDs and passports. Particularly in EU countries which issue biometric national IDs with secure personal certificates, we could implement direct democracy right now.
I personally envision a future where we use blockchain technology to create a new direct democracy party in which every member has a unique identifier and the blockchain ledger system used to track polling data. Every individual member of the party would have one vote in each poll at ever level (federal, state, regional, etc) - for every single thing that gets a vote, and the elected politician representing that party would be required to vote based on the polling data.
Everyone would have access to a copy of the ledger to confirm their votes are counted accurately, and they can review polling data to confirm their elected politicians are voting based on polling data, and the representative would be replaced if they do not adhere to the results
Why a party? You don’t need a party for direct democracy, just 1 person = 1 vote. Either vote yourself, or authorize someone you trust to vote in your name, be it for a time, or on a certain topic, or whatever, if you’re too busy to vote on every poll.
I’d love to see that happen, But it’s because America won’t switch to a direct democracy. Instead we have a Kleptocracy run by corporations and the 1% who have power over both parties in America. However if it were possible to create a third political party where every member of the party earns only one vote maybe it would give people power back over corporations. But it’s a pipe dream, I know it’ll never happen.
The problem I see with it being a third “political party”, is that it would still have to get past the gerrymandering, the FPTP, and the general issue of financing.
In representative democracies, that “representative” part is so often set up with extra hoops in a way that counters any attempt at direct democracy. It’s… a curious coincidence.
Could you describe a case example how that applies in practice?
Because yeah I understand that when we all have our own copy of the data someone can’t falsify all our independent copies but is data being tampered like that even the problem?
It’s a problem when you’re dealing with decentralized systems (read: Byzantines general probelm). If there’s no central authority, how do you verify the person actually has the money and isn’t lying / double spending?
Bitcoin is an example. A wallet is unique data (private key) that is stored only the users storage. That private key proves ownership of funds owned by a wallet address / hash. A wallet address has funds if someone with valid funds sent money to it. A person initially gets that data by mining, which is like spending computational power to solve a puzzle, in which solving also processes a set of transactions at the same time. This is like the process of minting, except anyone is allowed to mint. It also helps identify who the miners/minters are, since utilizing energy gives a signature (It’s really hard to hide using a megawatt of energy with a thousand computers, for example)
A use case is it allows people in war torn countries to consolidate their wealth digitally. Gold, for example, could easily be confiscated at the border, or the refugees currency could only have value in their country. Lebanese people had their money squandered by the banks and the government, because they were the central authority. In a system managed by people, over a long enough period of time, a bad actor will gain some control of the system. This effect is worse the more control is centralized.
It also means you couldn’t sanction other countries the way the America is doing to Russia’s banking system right now. I’m indifferent about that argument but maybe you think those sanctions are good in which case would be a point against decentralized currencies.
I think more interesting ideas in blockchain involve decentralizing ID. A microchip in the heart can both act like a smart watch by monitoring health data and represent a unique identity in a decentralized system by using the biometric information like a fingerprint scanner. With a secure decentralized way to establish identity, you can decentralize voting, and remove politicians from the political system
I… think that would be a crime, even with a majority vote. 🤫
We already have that in most countries, it’s biometric national IDs and passports. Particularly in EU countries which issue biometric national IDs with secure personal certificates, we could implement direct democracy right now.
I personally envision a future where we use blockchain technology to create a new direct democracy party in which every member has a unique identifier and the blockchain ledger system used to track polling data. Every individual member of the party would have one vote in each poll at ever level (federal, state, regional, etc) - for every single thing that gets a vote, and the elected politician representing that party would be required to vote based on the polling data.
Everyone would have access to a copy of the ledger to confirm their votes are counted accurately, and they can review polling data to confirm their elected politicians are voting based on polling data, and the representative would be replaced if they do not adhere to the results
Why a party? You don’t need a party for direct democracy, just 1 person = 1 vote. Either vote yourself, or authorize someone you trust to vote in your name, be it for a time, or on a certain topic, or whatever, if you’re too busy to vote on every poll.
I’d love to see that happen, But it’s because America won’t switch to a direct democracy. Instead we have a Kleptocracy run by corporations and the 1% who have power over both parties in America. However if it were possible to create a third political party where every member of the party earns only one vote maybe it would give people power back over corporations. But it’s a pipe dream, I know it’ll never happen.
The problem I see with it being a third “political party”, is that it would still have to get past the gerrymandering, the FPTP, and the general issue of financing.
In representative democracies, that “representative” part is so often set up with extra hoops in a way that counters any attempt at direct democracy. It’s… a curious coincidence.