Post
Topic
Board Altcoin Discussion
Re: I just did a smart contract in Byteball : mind blow.
by
SatoNatomato
on 09/03/2017, 12:08:01 UTC
I am considering investing on this altcoin but im still not sure since iamnotback addressed some valid concerns on the project and I want to invest in something long term not in something that has flaws and will have to deal with big problems in the future. I wish someone did a coin strong enough that it will not meet dead ends eventually but the question... this coin may not even exist. All coins may be cornered into hard forks and controversial situations in a long enough timeline.
The issues raised by iamnotback are valid and curious, especially the ability to replace witnesses, despite the system as design allowing it, the question remans if people are social enough to coordinate with each other to actually do it, its easy to replace 1 witness, but if several are required to replace then it gets more difficult to organize people.

My bet is, yes, people will find ways to organize and remove bad witnesses, and that most witnesses wont collude for evil things, as they stand to gain from colluding but doing good things. If however they really do suck, the users will just leave and form a new network which is natural.