Both options are helpful to the system. Traders adopting your strategy are what will make the peg hold. Not everyone is skilled at running servers to automate trades across different platforms, for them some passive income with slight leverage makes sense.
Ok, so perhaps I should call it a gray swan, where an event causing a rapid loss of collateral is highly unlikely to the extent that market participants are willing to take a risk.
Most would consider a bank failure a black swan, even though we all know that technically it can happen.
If your solution to dividing the Earth’s resources is to put everyone on a space ship to their own private earth, then I must ask how do you propose we allocate the supply of rockets? In reality I am proposing a way to divide the resources of the universe, creating a larger universe is a logical impossability.
Make contract developers liable, then they will need to buy insurance that will be far more expensive than medical liability / mal practice insurance. So much so that every dev of sound mind and no company would never release code again.
With open source code all parties are liable for hiring someone to audit the code on…
You have obviously never programmed or you would know that your intent is not always captured by the code. No one intends for a program to crash. What a programer *thinks* the code will do is indepndent to what it actually does.
This is why we need Intent of Code is law, your suggestions are all for things that cannot be implemented in code and require a subjective arbitrator to enforce arbitrary rulings to enforce.
I read your article and agree with the conclusions generally; however, I think DPOS+BFT finds a middle ground where it supports two points on the triangle at the same time.
“Buying RAM” is “staking for RAM”… there are two options the community could adopt:
With the unstaking model there is disincentive to free memory for those who got…
Satoshi’s original vision as he personally described it to me: “The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be…
The Ethereum Foundation had 800K ETH worth $500B at the moment, those proceeds are just delayed-release ICO tokens. Furthermore, mining can be viewed as selling tokens in an ICO and then using the proceeds to buy hash power. Bitcoin is currently doing its on-going token distribution auctioning off at a rate of $13B / year and ETH is also wasting similar amounts of resources.