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> distributed ledger rejects control by design Assuming you convince 1) 100,000 miners your blockchain has value, such that 2) the distribution of control is s
by platz 9y ago
> distributed ledger rejects control by design
Assuming you convince 1) 100,000 miners your blockchain has value, such that 2) the distribution of control is spread out among those miners uniformly. Both of which is a pretty big assumptions.
- Semaphor 9y agoMore and more newer projects don't need those miners. It's still in question if they really offer the same security, but between masternode chains (security by having the "mining" done by people having to hold a large share of the coins so tanking its value would hit them hardest), dPoS (delegated Proof of Stake, every coin is a vote and you vote for a pool of "miners"), DAG where everyone has to do PoW for other txs to confirm their own, and other ideas, there are some interesting things. (I say "miner" but for those newer ones, the proof of work is often minimal to non-existent.)
- platz 9y agoIf you can boil that down into an understandable statement appropriate for airing to on the radio or a finance television show, i'd be interested. Otherwise, it seems like you just tried to do a "grapeshot" with tech jargon & lacking a main point.