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Thanks, great points. - Hadn't thought about DVCS, but yes this mechanism of chaining hashes is there. - On majority ownership: correct, this is an issue with
by sov0_custodian 4y ago
Thanks, great points.
- Hadn't thought about DVCS, but yes this mechanism of chaining hashes is there.
- On majority ownership: correct, this is an issue with excess centralization, which is an issue for blockchains in general. The remedy in this case is the standard one: the community would have to coordinate on forking out the misbehaving party.
- On rug pull: we're not going to sell the tokens to a general audience (for legal reasons among other things). But you're correct that there needs to be a community around the asset (and thus as sufficient level of decentralization) before it can serve its purpose of being a coordinated value store.
- On compromising twitter: you're correct that the inclusion of the signature makes it so that a compromised twitter doesn't compromise updates, could lead to freeze. The mitigation here would be coordination on backup broadcast accounts.
- On signing key issues: would love to hear more of your thoughts on this, thank you!