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All of those are run by a singular entity. This makes it trivial for them to implement PoS. That's not the use case something like Bitcoin is built for.
by xorcist 6y ago
All of those are run by a singular entity. This makes it trivial for them to implement PoS.
That's not the use case something like Bitcoin is built for.
- ericb 6y agoThat's flatly untrue.
- xorcist 6y agoHow can that be controversial? They all had an ICO to begin with. Some of them have even registered a company or organization to back it up.
- ericb 6y agoThe controversy is in the language "started" vs. "run." Tezos, as an example, is governed by voting and on-chain governance. It isn't "run by a single entity." Ripple or Tether are, though, sure.
- xorcist 6y agoGovernance is more than a voting protocol. Tezos is not governed by equal actors. There is a "Tezos Foundation". They control 30% of all staked XTZ. They checkpoint the blockchain regularly to provide correct history.
- ericb 6y agoIt seems to me that admin rights to the bitcoin core github repo count for a lot more than a 30% vote.