Some ideas for native Bitcoin apps
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Some ideas for native Bitcoin apps
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Re: Some ideas for native Bitcoin apps
#2(disclosure, helped create this ^)
Re: Some ideas for native Bitcoin apps
#3This is a rapidly developing example of an application that couldn't exist without Bitcoin.
Re: Some ideas for native Bitcoin apps
#4Two compelling blog posts by two Bitcoin thought leaders at the same time. Multiple discovery at its best
Re: Some ideas for native Bitcoin apps
#5Re: Some ideas for native Bitcoin apps
#6I think this is a great post. I do wish it covered some of the other Bitcoin 2.0 concepts since it can do more then just efficiently moving small amounts of value around. Many think that concepts like smart contracts and fractual ownership (e.g. Reddit's recent announcement) require new altcoins, metacoins, or ethereum but don't realize Bitcoin can natively supports them too. There are already open source colored coi…
Re: Some ideas for native Bitcoin apps
#7Before Bitcoin was a thing, I was thinking about the Erlang VM's "reduction-counting" processing paradigm, and noticed that it was a lot like having a dom0-scheduler "treasury" with domU-process "citizens", where each citizen gets paid a basic income every scheduling interval, and then can spend it to "purchase" time-spent-aware on a virtual core.
In Erlang's model, processes lose whatever they don't spend in a given interval—this is necessary to prevent a process from "saving up" and then blocking the VM for seconds at a time. However, if rather than putting a cap on wealth, you just cap spending per interval, then processes could do lots of other clever things with their income: trade it, invest it, spawn subagents that consume it, etc. This would be a very interesting platform for running goal-directed AI agents on: somewhere between Core Wars and Heroku.
Now, if the only "ledger" of reductions was in the local dom0, you'd have nothing more than a toy server: a sort of fishtank for agents to interact within. But throw a blockchain at the problem, and now agents could pay to spawn sub-agents (or copy themselves) anywhere that'll take their dom0's currency.
Interestingly, since cryptocoins are all pretty fungible, this would imply that the "intelligence" of an AI—or of a hypothetical Hansonian brain-emulation, for that matter—could be measured in units of dollars-spent-per-second.
Re: Some ideas for native Bitcoin apps
#8Also worth reading: https://news.ycombinator.com/item?id=8410986 Two compelling blog posts by two Bitcoin thought leaders at the same time. Multiple discovery at its best