Quote from: Come-from-Beyond on February 17, 2016, 03:16:47 PM

Quote from: TPTB_need_war on February 17, 2016, 02:46:09 PM

which I assert the control of must be centralized in order to not diverge.

BTW, do you know that the money is impossible in a completely decentralized world? Because a monetary system can exist only within boundaries of an economic cluster which implies a non-zero level of centralization around the core.

What I am driving at is that the economics of consensus MUST be centralized due to economies-of-scale which drive the power-law distribution of wealth.

Yet I am asserting (and designing) that it may be possible to decentralize control over the centralized aspects of consensus, by making the decentralized control UNeconomic for profit (yet economic for purpose, e.g. the Nash equilibrium of getting your transactions on the longest chain).

I am thinking Satoshi's PoW, the PoS systems I have seen, and Iota conflate the two issues above such that the control becomes centralized along with the other aspects which are forced to be centralized by the economics of profit.

In other words, I am stratifying economics into profitable activities and purposeful activities. Pure profit will always be won by those with the highest economies-of-scale (and the most corrupt connections).