"Imagine the ideal protocol. It would have the most trustworthy third party imaginable — a deity who is on everybody's side. All the parties would send their input to this god. God would reliably determine the results and return the output. In addition, God, being the ultimate in confessional discretion, would ensure that no party would learn anything more about the other party's input than they could learn from their own input and the output." - Nick Szabo
Another great piece by Szabo about the implications of a multi-party virtual computer and the incredible possibilities that such a protocol could open up. With amazing foresight, Szabo wrote this piece in 1997, detailing many of the trade-offs and complications in creating a shared system just like Satoshi's. Is Bitcoin The God Protocol he hoped to see?
Don't forget to check out the collection at the Nakamoto Institute & Szabo's Unenumerated blog:
https://nakamotoinstitute.org/the-god-protocols/
https://unenumerated.blogspot.com/2007/08/mutually-private-computation.html
Be sure to follow @nickszabo4 and the @NakamotoInst on twitter!
"Taking my view a step further, evidence shows that the global monetary system as currently structured is gradually re-aligning itself, and this fact will...
Bringing back one of my favorites today that I mention often but we haven't covered in a very long time. This is an essential...
COVID-19 Citadel Preparations The Great Financial Unraveling Scared of the virus or government? Kill Your Heroes Business as usual? With a special social distancing...