Topic: What’s the nature of consensus? (Read 320 times)

See consensus means agreement in judgement or opinion Or group of people .Consensus is a decision making which support of the whole group for the decision.basically it is between two parties.

The value of Bitcoin is formed by consensus and common value. The consensus is also people's acceptance and recognition of bitcoin, and it is also where bitcoin's greatest value lies.
The development of Bitcoin fully proves the consensus mechanism for its survival. It is easy to form a consensus in the crypto world, and with the development of cryptocurrency and its influence, the human world is constantly being improved. Bitcoin has liberated people's minds, and more and more people have formed a consensus on Bitcoin.
Nowadays under the trend of digital economy, bitcoin's influence in the financial system is increasing. More people understand it and realize its value and importance. Bitcoin continues to change existing social life and helps us form a free, equal and orderly human world.

In my opinion, Bitcoin is a knowledge system completely different from the existing human knowledge system. So that most people think Bitcoin is quite difficult to understand. I don't understand the nature of Bitcoin and the role that Bitcoin plays. However, as Bitcoin has become more and more influential in the world's financial system, it is constantly transforming our existing world. More and more people are beginning to understand the value of Bitcoin. And spread Bitcoin-related ideas and knowledge in different ways. This is human progress.

The new concept of bitcoin is certainly confusing, at first I also thought that bitcoin is the same as the online payment system paypal, skrill or others, as long as there is a passion for learning then everything becomes clear, including our task to introduce bitcoin to people who don't understand.

Thank you, palle11, I understand what you mean, and I agree with you. Here, I propose a concept of "bit civilization" and predict the evolution of human civilization in the future. I pointed out more of a direction for Bitcoin's future development and proposed a consensus on building a new human order based on Bitcoin. In the future, the construction of this consensus will be a natural process, gradually formed in constant gaming. It does not need to be achieved through round tables or various treaties, but through the trust of more and more people.

Consensus is broad agreement; for example, on the question of civilisation that you addressed, some countries accepted it when it was introduced to them, while others remain in the dark ages. The core of civilization is economic growth and development.

In my opinion, the consensus is that the agreement of the two parties is similar to an agreement, for example, Mr. A has ip pro max and wants to exchange it for that coin, that ip is equivalent to how much worth of cryptocurrency that Mr. B owns. and both agree to that value is called consensus. Most of this consensus occurs when the value of that cryptocurrency is not yet listed on an exchange and is only exchanged internally.

I see you are making a long thread that is looking boring for contribution but reacting to the above about new world order in btc civilization, I don't expect that it will be a consensus effort. If this will happen, it will take a natural process and not humans organising and agreeing on it in a round table discussion, conference or treaty requiring appending of signature, no. The financial system is going to revolutionize itself.

Example with the world order that the US have been pointed to be the carrier has been problematic even yet as China is battling with trade war with America and different countries in east developing nuclear weapon and that world order has not been successful.

Going back to btc civilization as your topic, it must be a natural process and not by agreement. We remember in 2020 how covid-19 took the world into a new normal, from quarantine that is still going on , wearing of face mask, working from home, vaccination etc and the biggest of all, a new and emerging financial system that is blowing up the internet, that is cryptocurrency. This is now having effect on countries trying to chase the tides of cryptocurrency through their digital currency. It was natural from covid-19 pandemic.

Many human confused with the concept of bitcoin mechanism with the real life. Some were earned good knowledge in trading from loss. Once they learn the sequence and chat. Surely they won't lose untill, unless you quit. Quit at the beginning is not a wise idea by the traders at any circumference.

Thanks for the questions raised by both of you, here I will explain my point of view again. In physics, entropy is a very mature concept, which is the second law of thermodynamics. Our entire universe is currently in a state of increasing entropy, unceasingly disorderly, and eventually dying. Life in the universe relies on the input of cosmic energy to fight against entropy increase, which is a process of entropy reduction. For example, we eat food every day to deliver energy to our body and maintain our body's entropy reduction. Bitcoin is also an entropy reduction system, which supplies energy to the Bitcoin network through mining and maintains the order of the entire Bitcoin system. At the same time, the essence of consensus is also orderly. When everyone reaches a consensus on one thing, it is to gather disorderly opinions into an orderly consensus.

My 2 cents ... Well noticed, but you forgot to mention why RainbowKun is contradicting his own claims ... one of two things occurs to me ... [1] either he is twins by horoscope [2] or he is really tired of the trivial conversations of this section. Although, perhaps I will send a link to this thread, a few peoples who are constantly complaining about the lack of interesting reading and discussions.

Why do I have a feeling that you’re just paraphrasing ecological Marxism and the “Heat death of the Universe” concept?

However, I don’t follow you entirely. According to your beliefs:
And, at the same time:
And since entropy is the measure of chaos, consequently, this means that orderly human society will increase entropy and, eventually, lead to extinction of the universe.

And finally, in the end, you state:

So a logical derivative from all these statements is that Bitcoin facilitates Universe extinction.

You might want to reduce some entropy in your thoughts and make them more orderly organized (no offense)

We would then be talking about sustainability, up to the point of reaching 100% sustainability - you may call that making peace with nature or reaching a consensus with Earth which sound a bit more New Age and ethereal. That may prove itself quite difficult, carbon emissions are just a tiny part of the equilibrium, yet the aspect that may call more everyone`s attention right now.

I get your point, bitcoin builds order into an otherwise disorderly transaction system. If you think of it, a proof-of-work algo links directly to the need of exerting work to create order. Interesting concept.

Yes, Bitcoin brings people from different schools of thought together to discuss the simplest and most basic rules, and finally reach a consensus in the collision of ideas. However, on the other hand, the Bitcoin community promotes minimal governance. Because Bitcoin already has a strong community consensus, and different stakeholders participate in it. This makes it difficult to make major changes to the Bitcoin network. Any upgrade of the Bitcoin network may take years of gaming and finally reach a consensus step by step. A little carelessness may cause division.

I don't think there is compatibility in Bitcoin apart from a minimum level of consensus, with everyone doing their part to check things out and exclude things that violate the basic protocol and build on the longer chain.

Consensus is the result of voting, and therefore consensus can change the basic rules and laws. For example, if people agree to increase the number of bitcoins to 100 million, this will not happen.
Bitcoin also brought together many people from different schools of thought on simple basic rules.

The right consensus that produces the right kind of order, harmony, goodness, peace, forbearance, kindness, etc will end up being Love for GOD (the CREATOR of this World & Heavens) and love for people. If you Love the CREATOR you will not abuse/misuse HIS CREATIONS, you do what pleases HIM always. We will be guided by this golden rule (Love GOD and Love People) and we can be judged by it. I don't see why Blockchain Consensus shouldn't be guided by the golden rule. Consensus can be based on it.

In the early stage of human civilization no consensus was met because we keep seeing lots of modifications from different world developers. Many had to embrace the new era then after seeing series of development and how contributive those innovation was to their existence even until now many still fight against human civilization but for bit civilization I guess a strong consensus was met because the data the put is actually what the all agreed on.

Hi, yhiaali3, thank you very much for your attention to my point of view. Here, in response to your questions, I will give a simple answer. Yes, as you said, it is easy to reach a consensus in the crypto world, but it is difficult to reach a consensus in the human world. However, we can now clearly find that the influence of the crypto world is increasing, and the existing human world is constantly being transformed. We can clearly see that DeFi has developed vigorously in 2021, and more and more traditional investment institutions have begun to embrace DeFi and decentralized finance. At the same time, various types of NFT projects are constantly changing human art, education, sports and culture. There are also various DAO organizations that have begun to rise and begin to transform various types of organizations. These all belong to the idea of ​​Bitcoin or the consensus of the crypto world.

Our current world is full of wars, hatred and malice, and different countries have different national interests. How can human society reach a consensus on the power of Bitcoin? In my opinion, it is the power of the people, the power of ordinary workers. When Bitcoin was born, I think the most important thing is to liberate human minds and give ordinary working people real freedom of thought. Everyone who truly loves Bitcoin from the bottom of their hearts will force political and economic reforms. We often see a word called Bitcoin Revolution or Blockchain Revolution. However, this kind of revolution is not a violent revolution, but is forcing social change through technology and technology. When more and more people have Bitcoin consensus and Bitcoin ideas, this trend will become stronger and stronger, until the entire society is finally transformed. This cannot be blocked by any single force.



Hi, paxmao, here, you have a very good understanding of entropy. However, in my opinion, the current order of human society is based on the disorder of the entire earth. At present, human beings have not achieved peace with nature, on the contrary, they are built on the basis of continuous destruction of nature. This is why various countries have to reduce their carbon emissions in recent years. The reason why I wrote this article is to show that the essence of consensus is order, which is entropy reduction. Bitcoin has also built an entropy reduction system to make data more orderly. I hope that through the dissemination of some ideas, more people will realize the value of Bitcoin.

I think your are mixing concepts here. Entropy grows at universe level, as far as we know to date, and, eventually, unless we discover something else, it seems that it will end up as simple radiation in a cold, dark nothingness.

Now, that is different from the entropy of human society and has little to do with the bitcoin consensus mechanics. Order a chaos are historically the way humans advance - I dare say progress. As the number of living people increase, there is a permanent increase in entropy, but at the same time there is a permanent increase in units that deliver work. The cohesion, organisation, management and governance of societies decides which factor weights more.

Bitcoin has grownTremendously over the years.
It has all it takes to overthrow fiat money but,the world's system has long been built on these..,to be realistic,it might take a while but in one SOLIDARITY, I know for sure that crypto has come to stay