Terms frequently spoken of are never enforced and there is a complete lack of transparency here. There is generally no requirement to meet goals, milestones, or deliver deliverables that would traditonally be required in order to run a business.
…How likely is it that XRP becomes a real medium of exchange (as opposed to a payment rail) and SOV. My contention here is that you can’t be a medium of exchange unless you are a SOV first ⁵. First comes value, then comes the exchange of value.
…cess, it is worth noting that some of the PoW/PoS feature disparity does affect engineers directly. For example, while PoW chains support stateless SPV proofs and NiPoPow-summarized tracking of remote state, PoS forbids any low-state communication. Subjectivity prevents state-light attestations. In other words, a remote state proof on Proof-of-Stake will consist of roughly the same amount of data as a PoW stateless SPV proof but requires prior validation of the entire PoS history. Stateless SPV proofs, in contrast, need no other information to validate. This means that cross-shard or cross-chain applications have reduced functionality and increased overhead in a subjective Proof of Stake environment.
From a security perspective, this means that any GPU mined cryptocurrency with less than 500,000 GPUs worth of hashrate on it can be single handedly 51% attacked by the largest mining farm. Cryptocurrencies with less than 100,000 GPUs mining on them are vulnerable to not just one farm, but…