Comment on Perpetual futures, explainedparentComments−awesome_dude9moI mean, as soon as synchronisation is required in any system, block chain, distributed SAAS, even Peer to Peer sharing, decentralisation fails hardThat's one of the sticking points I have with the /idea/ of the technology−immibis9moEthereum and similar chains run arbitrary computation on-chain. You can make a futures exchange on Ethereum (or Solana, etc). However, the fees for doing so are very large, and confirmation times are very long, like any other on-chain transaction.−awesome_dude9moWhat I am loving about this comment, and the downvotes, is the idea that blockchains can escape things like basic laws of the universe.confirmation times are very long, like any other on-chain transactionYes. synchronisation is where everything breaks down because you have to get everyone to agree to the new state.edit: Sorry, not everyone, but a consensus, and that consensus is then what everyone agrees is the state.
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I mean, as soon as synchronisation is required in any system, block chain, distributed SAAS, even Peer to Peer sharing, decentralisation fails hard
That's one of the sticking points I have with the /idea/ of the technology
Ethereum and similar chains run arbitrary computation on-chain. You can make a futures exchange on Ethereum (or Solana, etc). However, the fees for doing so are very large, and confirmation times are very long, like any other on-chain transaction.
What I am loving about this comment, and the downvotes, is the idea that blockchains can escape things like basic laws of the universe.
Yes. synchronisation is where everything breaks down because you have to get everyone to agree to the new state.
edit: Sorry, not everyone, but a consensus, and that consensus is then what everyone agrees is the state.