Turing completeness looks like an unnecessary feature for sound money to me. What is the real world application for any of this? (Not that there is anything wrong with exploring possibilities)
This is big picture, longterm thinking stuff. We must have global P2P money first. The network would require enough data points to be of any real value. Equivalent to say Twitter or Whatsapp wrt. the internet.
I think the idea would be, first to have software analysing and interacting with the blockchian rather than embedded within it. Somehow using the entire UTXO like an old fashioned punch card for early computers. You could for example have a Tx that spends itself under certain conditions. Or companies could analyse the UTXO set within their branch to monitor/divert resources where needed based on certain pattern matching. A State Machine. Point being, with big enough blocks and some zero or micro fee transactions all sorts of interesting stuff becomes possible.
I like to see Bitcoin being used as money by the average Joe before the "blockchain starts programming itself" or whatever you are dreaming of here.
If you take the argument further, with enough data points the blockchain becomes it's own prediction market, a Future State Machine if you like. Wether an AI would live within the blockchain is a huge leap? I like to think that could be possible, but why not first have some sort of Autonomous Crawler that can spend certain transactions depending on supply and demand?
[doublepost=1499347338,1499346399][/doublepost]Lots of these thoughts come from a fantastic hour or so chatting with
@NewLiberty and
@VeritasSapere after the conference, NL who is far more knowledgable on this, has just posted something on slack which explains these ideas much better than I could. So i'll quote it here.
newliberty said:
Let me expand on that ........ Bitcoin is more than money. All money can do, is to persuade people to do things that they wouldn't do without money, but that they would do for money. It can only close the gap between those. It can't convince folks to do things that they would never do, and it is not needed to convince people to do what a persuasive argument can compel them to do already.
Bitcoin is quite a lot more. Consider the implications from the fact that Bitcoin is a 2pda form of money, AND is also the data about everything and everyone that has been so persuaded in the past. Carried forward to the future when Bitcoin is used for everything, it may become the conglomeration of all human desires, recorded for posterity for all time. Then it can do quite a lot of things that no money has ever done before.
Then it can become the engine to fulfill all human desire as well as just record it. The problem of very big data analysis is often getting all that data to the place where analysis can be done. Bitcoin as 2pda inverts this limitation. The computer is within the data. When it can analyze the human transactions to understand, and even predict these desires, it can facilitate the actualization of all of us. It becomes a social memory complex of the first order. It becomes the agent of the sum of all human will, down to the individual level, for each one of us, distinctly.
Then...If then it turns out that the sum of human desire is that we just all want more sex and beer, then the social fabric will optimize for that. If we want to all kill each other, then that...
In the end it all comes down to what each of us want, for ourselves and for everyone else, and confined by the boundary between the things we will do for nothing, and the things we will do if only we had more. This gap is the realm of unfulfilled desire, the realm of hope.
Bitcoin as a 2pda can be the ultimate decision engine. It is why, xxxx, I suggest that it may be where the last AI exists, for better or for worse.
These are only the applications that appear to us here and now for the Bitcoin of the future. Today it is only just barely beginning, much more can come of it. It can be the answer to all our hopes and dreams in a way that nothing ever before could be. It is the bridge between we as humans, and we as more than humans. It is the mirror to a whole human society to show us who we are truthfully, and without edit, and to calculate who we can be as we reach our potentials.
None of this happens without first Bitcoin being a peer to peer electronic cash system, lest we forget.
.......
We need more conferences in the Netherlands
