Re: Is POW systematically doomed to get a huge monster in its midst?
ʿAlī Bābā admits proof-of-work allows oligarchies therefore according to ʿAlī Bābā, we should store our Bitcoins in SegWit addresses that begin with a 3 so that when the oligarchy hard forks Bitcoin we end up only with Core tokens and not both real Bitcoin and Core tokens.
I'm Alī Bābā? I got an alias, cool.
I didn't admit anything like that ever and referencing to your own claims (your another weird habit) won't change this.
My position here is crystal clear:
Oligarchies are pre-bitcoin phenomenons, they are NOT symptoms or consequences of Bitcoin. It was supposed to improve the situation with them tho and failed to do so because it was launched premature and transited from an experimental project to an operational one, overnight.
I'm not suggesting about how and where you store your coins, don't care and as I've mentioned it clearly, the whole SegWit/LN thing is a distraction from the main problems.
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ʿAlī Bābā has this delusion that he will remove the undesirable invariants of proof-of-work with the magic words open sesame, yet all we will ever see come that is talk and delusion, never reality because he is simply incorrect.
I, Alī Bābā (seriously, I love it), hereby announce:I've already suggested a detailed specification for an alternative implementation of PoW and I'm busy with further design/implementation issues. Everything is ok, exciting improvements and a lot of fun ahead, you and other guys of 40 thieves are welcome to join.
