Thursday, February 15, 2018

Once again, bitcoin is the exception proving the rule

Blockchain is in general a finite consistency check, because exchange protocols ar pre-qualified as finite, bitcoin is the exception.  

The bitcoin blockchain happens to be finite since its inception, and it counts the accumulated arbitrage of central banks.  Central bank are deemed infinite, hence the bitcoin blockchain is deemed infinite, but it is rally still finite.

Not true usually. The ledger layer in the sandbox is populated with finite blockchains managed by pre-qualified notary processes, with consensus delete on the blockchain.  Protocols are considered finite and pre-qualified.

All notaries, including the bitcoin miner, effectively validate that all exchange swap machines were thread safe in the past.  Miners are notaries, we have a specific definition of an industry. Pipeline management of kernel thread, collectively, their job. The notaries enable the escrow router and make the monetary URL a real definition.

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