29 Apr 23 3:58 am type: related:
lex x vitalik
neutral thing which doesnt belong to anyone - reason to stay anon is not linked with your past and political choices etc
different kind of leaders: dictators who control all the money
what is money? it’s a game, where you have points and u can increase and decrease your and other people’s points it’s not fair it’s easy to setup exchange of value
how money has changed over time?
- a lot more intermediation in money
- backed by gold to backed by dollars
- free floating currencies
- bank accounts, electronic money
money can exist without being backed by anything that is not physical
a lot of important valuable things are not backed by anything
value is determined through network effect and coordination problems ( employees and users arent going to switch all at once)
money = power? vitalik says yes
money as a way of measuring how successful you are
money is considered a measure of self worth a lot of people do feel this way
utopia from economical pov: incentive aligns and no conflicts between goals and good for everyone
for bad players to win
anywhere between 23.2 and 50% can be compromised
23.2 level, u can shift things
but after 50, u can just do whatever the fuck u want
shores algo breaks encryption ig
shore’s algo can also break elliptical crypto
shore’s breaks a lot of things
we alr know that it’s coming eventually and we have other alternatives which are safer
grover’s algo solves search problems, square root of n combinations for mining
first working quantum computer who runs grover alg
it’s not exponentially, it’s quadratically faster
quantum computers have a lot of overhead, and quantum era correction, and there’s a lot of work for quantum to come into play
proof of work is the key factor of bitcoin
ethereum