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59 sats \ 2 replies \ @k00b 2 Jun \ on: Interesting Note by Waxwing bitcoin
I'm reading a novel right now that has a galaxy-scale internet, primarily valued for its archive of billions of years of "recipes" and knowledge. It's vulnerable to manipulation though. It's helping me appreciate how nice it is to have bitcoin's unforgeable history.
But, having to verify billions of years worth of bitcoin transactions from genesis, the way we do now, is unreasonable. I suspect the necessity of avoiding that will produce lots of awesome things like this.
The other vision for a world onboard and using Bitcoin is the lightning and ecash model with the base layer as settlement.
Waxwing's fantasy here sounds a lot more futuristic and foreign to me. Maybe that's because it's based on ZK stuff which I don't believe has been used much within Bitcoin so far.
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The "ecash model" has holes in its actualization path that I'm still waiting to see solved, ie a custodial anarchy so full of anarchist custodians that it is both perfectly anonymous and verifiable and distributed and free of centralizing network effects that it's "90% as good as self-custody with no Wallet of Satoshi disappearing act risks with better privacy." It's more wishful thinking than I'm comfortable with.
The ZK stuff feels a little too much like new, unknown magic to me too.
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