Apr 23, 2022·edited Apr 24, 2022Liked by Daniel H. Neilson

"Programmable contracts are possible only on a distributed ledger, where both parties independently reach the same result and can verify that this is the case."

I'm not not convinced that this is true. You can have stored routines on a non-distributed database. Why does it matter that two parties are "reaching the same result" as long as the database reaches a result in a way that both parties accept?

The consensus problem is a problem that is particular to distributed databases. Consensus is not an issue on a non-distributed database because there's nobody to reach consensus with. There's only one decision maker.

Maybe I'm missing something?

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If there’s tokenization, it’s crypto. SBF is one bad actor in crypto. He doesn’t get to own it. There are many good actors, including Satoshi and Vitalik.

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