well that is a ggod way to put it i think, it seems like It makes you think about the weight of what we choose to add, knowing it stays there forever, owned by no one, but influencing everyone. that is kind of fascinating.

Actually you do also have a global state, but it is append-only: a kind of pile where everyone can add, but no one can change or remove. It is “unowned”.

dr_orlovsky

RGB yellowpaper: the formal specification of Bitcoin & Lightning smart contracts

Ah, i can see that treating the state changes like UTXOs tied to ownership via single-use seals really simplifies the coordination problem. It’s kind of elegant how conflict resolution becomes unnecessary because ownership is binary: either you hold the right to update a piece of state, or you don’t. No global state to argue over, just local truth. Feels very in line with Bitcoin’s ethos. i suppose