Quote:
Originally Posted by afc wimbledon
overseen by some neutral authority
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You're using logic to try to understand ideology. Crypto enthusiasts don't trust any authority, blockchain designs are intended to replace authority with consensus. This design means inefficiency is built in, a blockchain
needs massive redundancy and atomization of storage and processing onto many smaller discrete resources that can act as equally valid truths/nodes in an elective system, or it isn't a blockchain.
This inherent inefficiency is an insoluble limitation of the tech. Perhaps one day we will live in a world where limitless computing resources and sophisticated algorithms (algorithms an order of magnitude or two better than what is used now) will make this inefficiency irrelevant. Or, as is much more likely, the whole exercise will remain a pointlessly baroque and overcomplicated solution to a problem better solved at a different level of data storage and processing.