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by CryptoPunk
3112 days ago
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If your set is not the same as everyone else's set, you risk being forked off. Trusted third party based schemes have a tendency toward centralization, making them less resilient than ones based on cryptoeconomic incentives. Inevitability it will mean TTP based ledgers will be permissioned, with the TTPs acting as gatekeepers, rather than p2p. This isn't just theoretical either. Stellar has co-authored a paper arguing for regulations against anonymous cryptocurrencies: http://www.lhoft.com/assets/uploads/images/WhitePaper_LHoFT_... It's clear that it's positioning itself as a gatekeeper-based ledger that stays on the good side of regulatory agencies. |
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