Shelby, what about POS coins? Don`t you think they are totally immune from government controls?
Expect they are always controlled by a few whales, and thus the authorities can target those whales.
Centralization is always the weak point.
But if this POS coin is based on TOR or I2P?
So you have no answer to my question?
Apologies I've been suffering a bad GI infection past few days so my attention span was quite limited. I didn't see your reply.
TOR and I2P can be subverted by national security agencies (don't ask me to rehash the details of this as I already had these discussions long ago in the context of Monero and anonymity). Bottom line is that if a government wants to pinpoint an individual, they have the resources to do so. Again I repeat,
Centralization is always the weak point.Please read my
prior post just above yours. Understand how the pathetic Apaches defeated the mighty Spanish.
Also it isn't just that the whales can be targeted by the authorities, but the whales themselves ruin the ecosystem. Only decentralized systems can scale. This is why open source trumps closed source. Who would invest in an ecosystem controlled by individuals.
Imagine if the underlying Internet protocols such as TCP/IP were controlled by whales.
So do you think all POS coins are eventually doomed? I think the proof of stake problem was never fixed was it? it's a big vector attack.
I was looking at dropping some coins on Iconomi cause I want to get more BTC and its one of the few altcoins with a healthy looking all time graph, project is interesting definitely, but the downside: its based on ETH, which will hard fork to go full POS ultimately... your opinion on this??