Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
minor-transgression
on 09/01/2016, 21:59:10 UTC
"You must use PoW or PoS and thus the problems of centralization and government control are the end result of all of what we are doing here. And helping to force a world government cooperation of regulating the internet, encryption, and Bitcoin mining. Bitcoin is a Trojan Horse that weakens the nation-states and traditional banks, which must fight back by cooperating with a world governance regulation of the internet and Bitcoin mining."

Disagree - once inequality passes a critical limit revolution is inevitable. While some would prefer
a world government, it is not an optimal solution, indeed, there may not be a single optimal solution.

With regard to cryptocurrencies, I doubt that a single cryptocurrency ie bitcoin, can provide an optimal
solution to the paradox of thrift, and for that reason alone other currencies must exist.

Before taking this further, what is the CAP theorem referenced earlier?