proof of work vs proof of stake: proof of work is like all the magnetic ink, magical threads, watermarks, etc... getting all of this stuff takes effort and work
Show this thread
-
between "full decentralization" and "full centralization" there likely exists a middle ground where the bulk of the excess friction and waste of a decentralization is reduced but the system is more trustworthy than a fully centralized one
Show this thread
the u.s. dollar as cash ironically serves this purpose in many countries the fiat of the central gov is considered trash but the dollar, with all its fancy security threads and watermarks has enough embedded proof-of-work that it's valuable despite being centralized as well
-
-
i'd rather use google drive than bittorrent or ipfs bc the user experience is so much better despite the centralization risk the downside is in places where google isn't trusted like china, there are more hoops to jump through
Show this thread -
google has enough marketcap/reputation at "stake" that it's good enough for files even for more important things like savings & equity, vanguard, bank of america, fidelity, schwab, etc... all have enough "stake" to be trustworthy the problem is... so did lehman brothers...
Show this thread
End of conversation
New conversation -
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.