Well, I could tidy that definition up a bit, but you get the idea. I think standard database management systems (which are also improving all the time) with delegated record-keeper just fine in this context. But remain open to other possibilities.
I can recreate the Eth block chain as a set of queries and inserts using SQL. I did a lot of that, experimentally, make bizarre data structures with SQL The miners would just keep a block chain history of the SQL commands.
I could order the SQL commands sequentially, and even current banks keep long lasting records, sequentially. I can use a hierarchical system of miners, and any double spending can be cleared one tier up.
My favorite structure is the monte carlo model, the histogram of the distribution.
About the debates, in general, Andolfatto should frame it in terms of Swift, a fine and dandy hierarchical, digital poof of stake ledger. Then, in debating Selgin, just propose a mini Swift regulated bank in out credit card chips. How could that be destabilizing? We are still subject to congestion pricing like any Swift system.
About the debates, in general, Andolfatto should frame it in terms of Swift, a fine and dandy hierarchical, digital poof of stake ledger. Then, in debating Selgin, just propose a mini Swift regulated bank in out credit card chips. How could that be destabilizing? We are still subject to congestion pricing like any Swift system.
Then Andolfatto should continue, and advocate an open source Swift ledger code so anyone can use the Swift system for their application, minus the dollar. In other words, you have the tech, it is great stuff, competes well with the other ledgers. Give us the open source version, or we will recreate it, the Swift hierarchical ledger system, compatible with central banks, open source from Redneck Trading systems.
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