We have stuff like this. It's called the legacy financial system. Don't confuse it with a cryptocurrency.pic.twitter.com/5ANQSvgsrq
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Elon Musk didn't do the impossible. We- like all good entrepreneurs- noticed that mobile devices where forcing the evolution of battery tech enough to make it practical for cars. He then did hard work to execute. He didn't invent a super battery 4 factors better than Panasonic
We've spent years systematically building out the science of both proof of stake and sidechains. Each paper is methodically written and moves the state of the art a little. That's how real and sustainable innovation is done
It's not sexy. It's really hard and usually thankless. Progress stalls and regresses at times. But over a long arc, you have a solid foundation to stand upon that will last a century.
Your children's grandchildren will be using this system. Let's not curse them with sins and flaws made in haste to achieve some arbitrary vanity metric. Give them something you're proud to pass on
Couldn't they also be using DPOS systems like EOS, BitShares, and STEEM? There are many methods to achieving robustness and resilience. Academic papers are not the only effective approach. I'm disappointed you have not taken any responsibly for spreading fake news.
DPoS works and has built real products. This was never up for debate. It was proven a long time ago.
Yes I did say that and it's even more true today. And when a community accepts a governance structure that normalizes blacklisting, reversals and freezing, then it leads to an unhealthy ecosystem. It's the same when we accept civil asset forfeiture with fiat. Both are wrong
This sounds to me like a false dichotomy and poor comparison. Protecting property (which is arguable what has been done so far with _valid_ ECAF orders) is not unhealthy. Monopoly on violence in a geographic region backing mafia-style enforcers (police) with no due process is.
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