Hello. I’m David Schwartz, better known as JoelKatz in many online communities. I’m the Chief Cryptographer at Ripple and one of the original architects of the Ripple global settlement network. In no way is anything said here official in any way or said in any capacity other than my capacity as a human being, so long as I continue to retain such a capacity.
Twice before I tried to start a blog. Each time, there was some specific thing I felt I needed to comment on publicly and none of the existing channels I had were really suitable. Each of the two previous times, the post count never got above three before I got bored and forgot I had a blog.
My blog posts will be around my personal interests and experiences. You may see things about blockchain technologies, encryption, aviation, solar power, sports, and about anything else that I feel the world most know.
I picked the domain GigabitEther.net for my blog because it was a memorable domain that I’ve had for quite some time and never done anything with.
Maybe the third time will be the charm. Maybe not.
I’m so excited that you have a blog! I have learned so much from you -especially through the really great analogies that you come up with. I have a few fantastic posts of yours saved. I’d like to share my favorite one here. I hope that’s ok.
1)You are trapped in a room, you have two choices:
1) You can keep flipping a coin until it comes up heads. When it comes up heads, you can leave.
2) You can flip 100 coins at once until they all come up heads. You can leave when all 100 coins come up heads at once or in two weeks.
Which would you prefer? Option 2 can guarantee you will eventually leave. Option 1 cannot. So option 2 must be better, right?
Blockchains can’t guarantee that anyone will ever find a block. Is that a problem? No.
What you can guarantee is interesting from a theoretical standpoint. But what really matters for practical purposes is what actually happens.