3 ms·
These measures only make sense to consider assuming the distribution was fair. Otherwise, the system is unrecoverably compromised from day one as there is no tr
by throwawaylolx 8y ago
These measures only make sense to consider assuming the distribution was fair. Otherwise, the system is unrecoverably compromised from day one as there is no trust-minimised way of telling whether the founders abused their disproportionate privilege to capture enough supply to manipulate the incentives that keep the miners honest and the network secure.
If the security of your network is fundamentally based on trust that one central party was honest, then you can't have decentralisation regardless of how many addresses you have, how many miners you have, how many nodes you have, or how many clients you have.