Edit: the idea I proposed as a solution is also flawed.
I will be starting a new unmoderated thread to discuss in detail all the flaws in crypto currency.
So this can be explained well so that everyone can understand what they are investing in.
I'm confused.
One second you're stating you have the holy grails, the next you are starting a thread to point out there aren't any? :|
As you wrote, temporary chargebacks (inconsistent channels a.k.a. partitions) can be allowed and resolved with a proof-of-work scheme. Any other schemes you are contemplating won't work and I will tear them apart once you detail them.
They can not be resolved in a DAG scheme (e.g. Iota) without some centralized control.
Proof-of-work is centralized at 51% control. This encourages the nation-states to organize into cooperation on regulation of the internet in order to regain control over money. Governments and society will not give up this control and will instead decide to cooperate so the system described below can control to move us towards the 666 system which is rapidly taking form. Bitcoin is designed to drive us towards a world governance.
Centralized control is loss of permissionless principle. It means the government takes control (because the Power law distribution of capital always drives a collusion amongst government and big capital in a winner take all paradigm).
There is no POW required to secure a CL (channeled ledger), nor is it a block chain, or a DAG. Neither are there any charge backs in a CL design because the state of truth and the ability to resolve any truth inconsistencies never gets to a point where you have to revert to chargebacks and transaction reversals to resolve them....which also means the risk of any centralization required to resolve said issues is mitigated and next to nil, the network can always resolve itself as should be apparent from the consensus primer I posted.
If block chains or DAGs or Ripple style ledgers could do what a CL allows, well, I wouldn't of wasted 3 years reinventing the wheel and tearing it apart myself and starting over.
Guys we are wasting time on things that won't work out in the end. It is one big fucking delusion.
And don't you dare give up on us! You may be a total pain in the ass sometimes (and I mean that respectfully!) but at least you have the right passions, motivations, and commitment!
Compromising isn't failure, its knowing the limits.