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I first thought this was a parody, but apparently this is serious, so here are some serious questions: - Why should anybody trust you as central authority? -

• flurly 6y ago
  > Why should anybody trust you as central authority? You don't have to. Regarding reasons to trust me - I build in public (https://twitter.com/TheBuilderJR https://twitter.com/TheBuilderJR). All transactions are published on the "central chain". The story of how CC came to be seems reasonable > How is this different from an Ponzi scheme? There is no cashing out. All transactions are transparent as opposed to opaque. > What prevents you from just making up accounts and printing coins for yourself and your friends? You are trusting me the same way you trust Gmail. It’s a tradeoff between trust and efficiency that I think should exist in between banks and crypto. However, since all transactions are published + there is no off ramp, I have very little incentive to tank the coin. Also, the more people who use it means more donations for me! > What happens if your datacenter catches fire? What happens if GCP's data centers catches fire? > What happens if hackers get write access to your database? What happens if GCP's databases get hacked? > How do you 'encrypt' and email address, do you mean salt and hash? Poor word choice. Perhaps obfuscation is a better word. I've updated the whitepaper accordingly.