@danielcawrey Sounds like a person-to-apple-to-bank-to-apple-to-person service
@napoleon Even if Proof of Identity did exist, installing and maintaining the consensus software requires resources (skin.)
To maximize consensus decentralization we need one identity == one vote rather than one CPU == one vote. https://t.co/Xxq1jRJKJh
@JamesGDAngelo Also, because it’s possible to make a change that simultaneously centralizes some aspects while decentralizing others…
@JamesGDAngelo Right; my problem with the debate is that many aspects of centralization are not measurable & arguments are speculative.
@JamesGDAngelo I imagine that we’d need to have a separate self-adjusting block difficulty for each algorithm as well.
@JamesGDAngelo So instead we’d see a new rush of people building ASICs for the algos other than SHA256.
@JamesGDAngelo Rotating PoW algorithm wouldn’t be able to be random, though; it would have to be deterministic and be a finite set of algos.
@Beautyon_ @jonmatonis What if Blockchain Technology is a tactic by smart money to distract dumb money while smart money buys bitcoins?