2 Comments
Apr 4Liked by Peteris Erins

The answer to the question in the heading is that it is unsatiable, just as our devices demand for cpu cores and ram are unsatiable.

But blockchains are subject to the requirement that they keep track of one canonical order of events, and therefore they will remain the most limited technology in terms of raw processing power out of any. All transactions must reconcile with each other, and that puts limits on how much capacity they can have and also means that eventually, there *must* be a premium paid for blockspace that is about equal to the value of using them.

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