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0 pointsem-bee2y ago0 comments

a cursory search suggests that this is not the case and that smart contracts only run on a single node. the result of the smart contract that creates another blockchain entry causes the calculation of the new entry on every node that is mining.

internet computer should be using the blockchain to manage computing resources that themselves also don't run on the blockchain.

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dale_glass2y ago· 2 in thread

It amounts to the same thing, really.

Blockchains are structured so that you don't need to trust, you can verify. You follow the longest valid chain, and by "valid" I mean that your node verifies every block and checks everything complies with the rules.

For running code, it's the same thing. You can trust that your code won't be subverted by some rogue node because everyone else is double-checking those computations, and if a node breaks the rules its work will be rejected.

> internet computer should be using the blockchain to manage computing resources that themselves also don't run on the blockchain.

Not sure what's this supposed to mean. In general though blockchains are only effective within themselves. Any interaction with the outside hits the oracle problem -- you're trusting some outside source not to lie, so the blockchain doesn't really add anything.

em-beeOP2y ago

the blockchain doesn't really add anything

well, that is what i am trying to understand. for now i don't think that is right. it doesn't make sense to put everything directly on the chain. that would be to costly. not every computation needs to be trusted. i can still implement some checks to verify that computations are ok without the computation needing to run on the chain itself. but the chain can provide a mechanism to manage the resources (who gets to use how much and where, and who pays for it) which would be more difficult to do without a chain.

dale_glass2y ago

No, the chain only has authority over itself.

It's the same issue as with NFTs. Yes, you can store on the blockchain stuff like "User 0xabcdef owns the Godslayer of Hitpoints sword". And a game can look at the blockchain, and make use of that record.

But absolutely nothing whatsoever stops it from deciding to stop caring, or replacing your fancy sword with a rubber duck, or deciding that screw this particular user, they're banned regardless of what the chain says.

Also even to the extent this stuff works it's not nice to use. If the blockchain has you have some sort of resource (money, quota, etc), then if somebody ever gets their hands on your account they're now the rightful owner as far as the blockchain is concerned. So if per the chain you're owed say, 1 year worth of GPU time or something, that automatically becomes a self-paying bounty. Everyone can see it, and has an incentive to try and hack you.

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