RE: RE: The r0ach report 38: Anyone who supports digital currency over silver and gold is the enemy of humanity
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RE: The r0ach report 38: Anyone who supports digital currency over silver and gold is the enemy of humanity

RE: The r0ach report 38: Anyone who supports digital currency over silver and gold is the enemy of humanity

You do not seem to comprehend the only way for a digital currency to not be a permissioned ledger slavery system is if everyone processes their own transactions (like standard email PoW). In order for transaction validators to not completely centralize through economy of scale, compounding stake-interest, or other means, you would be required to use unprofitable PoW.

Unprofitable PoW I'm 99.9% sure is a completely unworkable system. IOTA (AFAIK) is the only real attempt to do that so far, but DAGs are also unworkable without artificial, forced convergence, so IOTA doesn't actually work.

As for Dan Larimer's creations, I don't really consider any of Dan's creations as "decentralized" per se, more like he already knows it's not possible to create a decentralized cryptocurrency and instead just created governance systems instead that you would use in place of something like a senate or whatever...

If you wanted freedom from government, middlemen, counterparty risk, or other actors attempting to govern what you can and can't do with your own money at any given time, you would have to use a physical commodity currency like silver or gold.

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