NEO's Da Hongfei at a Harvard fireside chat claims that dBFT, by requiring elected miners to reveal identity but not being subject to any single jurisdiction, is best for compliance with world regulation without being controlled by any single country. He trusts the UN too much.
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Da Hongfei believes in accountability via a posteriori retaliation against aggressors whose real identity is revealed, rather than more expensive a priori failproof safeguards. But who shall watch the watchman? Cryptocurrencies were invented to circumvent bad watchmen.
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Da Hongfei still wants a non custodial decentralized exchange in the near future, with on-chain settlement, but centralized off-chain matching. No technical details givens though.
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Da Hongfei thinks decentralizing personal data away from e.g. Facebook will drive adoption of blockchain technology. Me: But a public ledger has even less privacy and performance than a centralized private spy. Decentralized ≠ Blockchain.
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Da Hongfei learned software development in 1997 when the Internet arrived at Chinese universities, where he was studying English. He hacked a locked computer's MBR to be able to write on its hard disk, and was crashing the computer with a nuke packet when others were using it.
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These days, Da Hongfei believes in compliance with the law, KYC/AML, and thus no censorship resistance.
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