The most important and hardest part of trust minimization is governance minimization.
-
indeed, that's what Bitcoiners have been trying to say: governance is a dirty word! no governance.
And indeed governance minimization, via substituting security protocol for governance wherever possible, is why Bitcoin's market cap dwarfs that of any altcoin, and especially dwarfs the "governance-uber-alles" shitcoins.
-
-
Definitely nothing to do with first mover advantage?
-
Excuses excuses.
-
But then MySpace also had first mover advantage
End of conversation
New conversation -
-
-
yet, the EOS experiment removed its governance and reduced its market cap. So, no, no causality seen here, move on please.
-
The optimal strategy probably looks something like this. https://vitalik.ca/general/2018/08/26/layer_1.html … There's definitely a happy medium (in the abyss) between governance-uber-alles and completely ignoring research breakthroughs in security/scaling optimisations.
-
Most of the practical, secure and dependable scaling applied research is actually happenig in Bitcoin, or blue sky cryptography research, unrelated to alts
- 10 more replies
New conversation -
-
This Tweet is unavailable
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.