The year is 2024. MTGOX creditors' hope of regaining their BTC was dashed after Coinlab won 10X their value in court. Creditors are instead issued GOX, an asset on the EOS network w/ a market cap of -$15B LTC support is projected to be added in Two Weeks™https://www.ccn.com/revealed-a-bitcoin-billionaires-shocking-plan-to-revive-mt-gox-cryptos-most-notorious-exchange …
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In a nutshell - base layer arbitration doesn't scale. Each chain should have a User Agreement, and network operators should offer an SLA to set expectations of their support. In DPoS, a Block Producer's SLA could be a way to differentiate trust with token holders & attract votes.
That's nice, but what specific problems arose that convinced people it wasn't scalable?
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It was rushed and didn’t get the support of the 15/20+1 startup BP’s Like steve said, at this stage it looks like each side chain will develop its own ‘user agreement/constitution’ based on use case and jurisdiction This way BPs will be able to comply as local entities.
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Nice write up on side chains and sister chains here. https://link.medium.com/8BoMsJQY7T
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Centralization in any form leads to problems in trustless systems - else, why even use a blockchain? Despite what detractors say, the EOS community greatly values these principles & has shown as much in decision making on these matters.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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ECAF solution was like a supreme court... too centralized and the backlog kept growing without a solid business plan for them to handle
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