You do realize that this is literally "the paypal model", right? Not necessarily saying it's bad; there's plenty of cases where it works well, but it's worth being intellectually honest about it.
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"Users vote by buying tickets of the company they trust" ... "Same w/ blockchain".
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That's one aspect of "the paypal model", an aspect that is common to all institutions that have freedom of exit. Claiming that "is" that model ignores the more relevant and important differences (open source vs. closed, trust minimized vs. centralized protocol, etc.).
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Focusing on one broad thing that two things (and many other things including Ethereum which you are implicitly making the contrast to), and ignoring the crucial differences, then equating one but not the other with "is", makes for a doubly pathological false dichotomy.
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I agree with what ever
@NickSzabo4 has to say.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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