Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
GingerAle
on 15/01/2016, 04:31:15 UTC
I think your hesitation may be wise. If we accept the (admittedly unproven) hypothesis that all potential cryptocurrency designs can be centralized by determined government then the economic factors above may in the end determine the degree to which that centralization actually happens. A superior technical solution will be successful only to the degree it shifts those underlying economic incentives.

Even an unequivocally superior conceptualization may utterly fail if the underlying substructure of the society is not ready to support it. In an primitive age where tribalism is just giving way to dictatorship the man calling out for constitutional democracy is probably wasting his breath.

Afaics, the technical design I have enumerated in the prior post enables society to fight malicious centralization for as long as payers (i.e. the users of the currency, as opposed to professional mining farms which are stuck in one location with a huge capital investment) will move away from servers which are doing the malfeasance. So this makes it much more difficult to regulate because the government hates to make laws that require them to enforce the laws against every decentralized individual because the government knows they can not enforce this. Instead the government always prefers to regulate the centralized nodes in any paradigm, e.g. upcoming regulation forcing all instant messaging and video providers to register global encryption keys with the government (amazing we are sliding into 1984 already!).

So the only way the government can centralize control over my design is to regulate all the protocols of the entire internet to detect and force traffic to not implement my protocol. This is nearly impossible for the government to accomplish, even the world government will have difficulty with this.

I think I have the design we need.

I hope I will receive the support of the community.



If you make the coin actually fungible then you've piqued my interest.

And of course actually fungible means opaque blockchain, and the only actual implementation of complete opacity is Monero.

If you make another traceable asset chain, whats the point?

And I don't got the money, but I'll mine it, which IMO is more important.