btw, the Jericho Consensus is precisely a leaderless, but no...

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  "content": "btw, the Jericho Consensus is precisely a leaderless, but not just leaderless, it's a peer to peer first protocol design. i based it on a database replication protocol called PnyxDB which is named after the hill where democracy happened in ancient greece.\n\nit does not produce, or aim to produce a total consensus, it is a type of \"eventual consistency\" or \"weak consistency\" this allows it to instead guarantee strong partition resistance and availability. \n\nsimilar patterns of consensus are used in semi-centralized network systems used by social networks like facebook and twitter. the data found at each installation varies, by either demand driven, as these systems do, or like the pnyxdb/jericho/bitcoin model, where the consistency is eventual, for bitcoin it's probabalistic, for my design and pnyx, it's eventual, as in, eventually all nodes will have the data, once the consensus decision propagates across the whole network and reflects back.\n\nso, it's basically a network consensus that is designed to eliminate rulers, as well as accelerate the process of arbitration that leads to the eventual consistency.\n\nwhy i am designing it is because the monetary value of bitcoin is predicated in a substantial part upon the expectations of participants, so it is like a mexican standoff. attacking the others in the network is effectively shooting yourself in the foot. but if enough people defect at one time, the value collapses and the security of the network is destroyed.\n\nby eliminating that requirement of uniform consensus, so that each replica can vary to a substantial degree, the \"moneyness\" which is the economic equivalent of strong consistency, is sacrificed, and thus instead of a mexican standoff, it's the opposite: the winners in such a system are the ones who help the others the most, and build trust and get repeat business.\n\nthere is still a fat tail in such distributions but they are more robust to catastrophic change, and that then becomes its value proposition, instead of the \"if you try to push others out of the consensus you push yourself out\" model that bitcoin has.",
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