I love/hate this. It's one of those ideas that's incredibly appealing to people who already have other ways of doing it, and incomprehensible to people who would actually benefit from it. Most things of that ilk get blown up because once it's peddled to the masses, consumers don't verify that it's actually run the way it's supposed to be run, and someone writes in a backdoor (FTX). Then it just takes a few hyped up claims and burst bubbles before it becomes a punchline.
What would be sort of awesome, though, would be a distributed bank (or prediction market, or casino) along these lines. If every node can donate processing power to run totally encrypted transactions, it's a game changer. You could finally rely on client-side processing to deal poker hands and process game states without a central server, for example.
What would be sort of awesome, though, would be a distributed bank (or prediction market, or casino) along these lines. If every node can donate processing power to run totally encrypted transactions, it's a game changer. You could finally rely on client-side processing to deal poker hands and process game states without a central server, for example.