Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
ePesoInitiative
on 27/02/2018, 08:45:47 UTC
Andreas speaks about DAG. I think he is right that with DAG you sacrifice decentralization and coersion resistance by removing proof of work. Byteball is a good example of this. We have 12 witnesses in the hands of 1 person. And even if these 12 witnesses are 12 different people it's easy by governments to coerce them for censorship or just shut down the whole system.

https://www.youtube.com/watch?v=lfgMnbb5JeM

The old "Proof-of Work versus every thing else" argument. I don't know. Humans tend to be centralized in nature but still has a decentralizing aspect of their behavior. Just look at the US and its politics. The point is you have to be vigilant. Not everyone can be coerced.