[robertk]

Why is it a marketing fraud? As a mathematician, I can see the solution of a fully public permissionless DLT as long as (1) there is a PKI — not too hard to accomplish, (2) the generation time of ZKPs and SMPC can cross below the network latency threshold — to which I can say that I know researchers in the space and even a simple run rate calculations indicates this will be feasible soon...

I wonder whether your stance would update if you were to read Foundations of Cryptography by Oded Goldreich?

[zby]

I think there is some typo in your comment - because otherwise - do you mean that permissionless DLT was obvious (as in anyone who read Foundations of Cryptography by Oded Goldreich could create it) and bitcoin was not a breakthrough?

[robertk]

Nope. I simply mean that it is not a fraud, and can provide a legitimate service in the form of a new abstraction implemented in software.