If there is one thing I learnt is that using a techno-bubble elite speech you can cover up a large number of loopholes, fraud schemes, ... Regulators and prosec

If there is one thing I learnt is that using a techno-bubble elite speech you can cover up a large number of loopholes, fraud schemes, ... Regulators and prosecutors know payment processors extremely well; once you start using another language they're partially unable to compute. In this sense the choice of initial validators alarms me. Trust is something that must be earned: it's different because I know the evils of the system I'm using, I don't know the evils of this system and it might be worse. ...worse... > In light of this, Facebook aims for the project to be fully “permissionless” — rather than permissioned, where membership of the Association is only granted to a select few —after five years and transition to a proof of stake network. "me looking at the GitHub repository": there's a lot of technical debt that needs to be addressed, where is the design for this stuff? A "we'll fix it" is not enough, certain issues require a lot more work than code development.