My fellow retards,
Bitcoin and Ethereum are mere implementation details. The all-stars of all these systems are the private keys and the ecdsa.
Satoshi gifted us a brilliant way to coordinate humans around value transfer via the bitcoin protocol. None of this would be possible without him. His system gives us a knowledge base to expand upon. He brought us the most important political and economic coordination game yet known to man. Understanding this is advanced thinking, but it is 2009-era thinking. Still, lightyears beyond the capabilities of normies in society.
Phonon allows us to reimagine Satoshi’s vision at a different topography. Phonon would not have worked without Satoshi. Phonon needs networks to exist that *already* have value on them in, else phonon would not be useful and would be merely a theoretical exercise. Thanksfully there are MANY networks with value on them that will prosper from Phonon.
Phonon allows any type of value on these blockchain networks to be encumbered to a private key generated within a secure enclave. The design of this system allows these keys to be passed between parties. This means we no longer need to broadcast transactions for all of globohomo to see. Instead we can take any value on any of these chains and pass it from one party to another in a 100% private and scalable way. The transactions are not broadcast for consensus on their respective networks, instead the logic within the javacard applet (phonon applet) verifies the private keys and performs the transfer through an encrypted channel.
How valuable is a layer 0 that goes beneath all blockchains and endows them with perfect privacy and scalable transactions?
Join the discord: https://discord.gg/TTfBrVnh
Compilation of phon/ongod posts and predictions here:
[Not financial advice – for entertainment purposes only]
phon/ongod out.