> making it very expensive to lie and to make the rewards that can be obtained through lying worthless
Lying is a small, small subset of commercial disputes. When a party loses in front of the Supreme Court, it isn’t because someone lied. It’s because they interpreted the facts differently. Solving for lying could be helpful, but it largely returns us to square one.
> who would've thought that we could solve the double spending problem 15 years ago?
Admire the enthusiasm. But note that the Byzantine general’s problem was solved well before Bitcoin.
Lying is a small, small subset of commercial disputes. When a party loses in front of the Supreme Court, it isn’t because someone lied. It’s because they interpreted the facts differently. Solving for lying could be helpful, but it largely returns us to square one.
> who would've thought that we could solve the double spending problem 15 years ago?
Admire the enthusiasm. But note that the Byzantine general’s problem was solved well before Bitcoin.