so if we take a snapshot of bitcoin price at a certain day and time. it becomes the most trusted seed for a random generator. can the bitcoin use this for itself some way?
self referencing time...C++ pointers nightmares.
If you're familiar with the old joke where the Lone Ranger and Tonto are surrounded by hostile injuns and the Lone Ranger says to Tonto, "Looks like we're surrounded", to which Tonto turns to the Lone Ranger and replies "Whaddya mean ‘we’, paleface?"
The “we” in your statement isn't grounded and cannot be. Have some private intellectual fun, put on a “Mission Impossible” hat and be creative about how such a scheme could be gamed.
Then slip on an engineer's short-sleeved shirt and pocket protector and you can get to work on solving the issue of global agreement on “certain day and time” - it'll be a full time job just finding a level of precision that the (oops, sorry, see below - innumerable) population can agree on (using a provably-correct consensus mechanism).
Software “knows” nothing. We “know” nothing. It's
all modelling and the map is not the territory. As an old-skule AI-er, I know it as the
symbol grounding problem.
“most trusted” suffers from multiple issues when it comes down to implementation (first choose your modelling tool): “most” requires a population count and so is profoundly problematic when no-one can know the base population. Because we only have a mathematical hammer can trust be nailed down to numbers? But this isn't something than can be answered by a mathematician (and, if Simon Baron-Cohen is correct, probably shouldn’t even be attempted). Human cognition doesn't use numbers natively, mathematics is an invented, internally consistent modelling notation that must first be learned. Trust is idiosyncractic and contextual, a really
wicked problem and a non-numeric representation isn't even in sight.
This stuff is way more tricky than it might seem. If it were as easy as it looks, it'd be well sorted by now, given the amount of effort expended.
Cheers
Graham
I didn't make it too far yet from the article when i saw they compare it to learning chinese from learning just the words alone. i find that funny i know exactly what that means, since i am chinese and i know a little chinese and have struggled getting "meanings" of words across all kinds of medium be it (voice, write, type, local dialect, traditional-simplified..etc)..to even my mother, who i have had an argument over this very thing this morning. *very interesting article, need to reread multiple times.
you can't express meaning through words a lone true, there for no "meaning" can come out of software engineering, only function...does that sound a little deflating?.
as we get back the consensus problem. I have read a little bit of Byteball's implementation of using 12 trusted 'witnesses' for verification purposes. I propose we use 12 top exchanges as 'witnesses' for the bitcoin price, and the timestamp UTC.
granted still require a bit of trust, but decentralized trust on a decentralized price. the altcoins purposes is basically TO put a price on anything and everything. BTC can be the bridge for everything that can and will have a "price".