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Limitations of holography

By studying global AdS using different foliations, global and Rindler-AdS, we show that there are two different asymptotic Fefferman-Graham expansions possible and thus two different definitions of "boundaries". We demonstrate that imposing boundary conditions on the two boundaries is not mutually compatible even when these boundaries are pushed to infinity. Thus, these two procedures define two genuinely distinct theories that we call global-CFT and Rindler-CFT. We show that the Rindler-CFT is not the same as the theory one gets by "Rindlerizing the global-CFT" as described in hep-th/9804085. We conjecture that the Rindler theory is incapable of capturing the dynamics inside the horizon and discuss its implications for the BTZ-CFT duality proposed in hep-th/0106112.