Bitcoin Masterclasses Series 2 with Craig Wright: ‘Redundant Applications’, Distributed Services and Why You Need Them

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We can have search engines that find things you’re interested in. We can have a music industry that’s actually disruptive. We could have communication networks without a central point of control (or failure).

IPv6, Multicast and BSV blockchain can form an Internet much closer to the original vision, eliminating the need for large and centralized enterprise cloud services. Find out how and why in the next session of The Bitcoin Masterclasses Series 2, an educational event led by Dr. Craig S. Wright.

The Series 2 Bitcoin Masterclass sessions have focused on building robust and resilient network infrastructure around IPv6 multicast addresses and subscriptions. There’s a little more of that in this session, but Dr. Wright also looks at some potential uses and what they might look like once built.

You can watch a video of this session’s presentation segment here. Each presentation is followed by a group workshop and Q&A on the same topic. The entire two-day series is available for viewing on CoinGeek’s YouTube channel.

As discussed in the previous session, the more redundancy you can build into a network infrastructure, the more robust it will be. However, there are other things to consider – physical location being one. Having a business in two separate buildings gives more protection, but it is reduced if the buildings are next to each other. Multiple ISPs are more reliable than just one, but not if they all run their cables along the same pipe (which could all be cut by the same backhoe in seconds).

Now about these services

Now that we have established how to structure a communication network based on multicast addresses and subscriptions, it is time to start rethinking the real distribution of industries and the digital economy. To begin with: how do we actually find what’s out there?

There are search engines on the internet today and review networks to help you find the services you want. But are they actually getting better? They will often refer you to large corporate suppliers or their own advertisers who have paid money for prominence. Instead of “disrupting” legacy industries, today’s internet has merely recreated the same old gatekeeper models in a new form.

“We haven’t really disturbed anything, have we? We have just changed who is in charge.”

Dr. Wright uses examples from the restaurant and music industries to describe how sales, promotion and customer satisfaction can still be improved, thus restoring some of the internet’s original promise with Multicast’s more decentralized network. It opens up many more channels for direct (ie no gatekeepers or intermediaries) communication and interaction between seller and customer, entertainer and audience, including the ability to process direct payments of all sizes.

None of this is about avoiding legal liability, he reminds, and distributed operations are just better databases that operate under existing rules and norms.

“A DAO is just a company. Proof of Stake is just shares. Voting rights in these things are just voting rights.”

Much of the work developers have to figure out is how best to structure these new networks for robustness and efficiency, where best to place services, and what kind of microservices (with micropayments) can facilitate better access to information, and what can be automated.

The whole idea of ​​this is to have reliable, long-lasting, accessible (and verifiable) data, much like today’s networks, but have it in a truly distributed way that ultimately eliminates the need for large “service providers”. The Bitcoin Masterclass series will continue in other locations around the world, each focusing on a new aspect of Bitcoin and blockchain services. Stay tuned for the next iteration, and look for some inspiration.

See: Highlights from The Bitcoin Masterclasses 1 on identity and privacy

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