[skilgarriff]

I'm not sure I'd necessarily call those problems - it's a weird definition I know, but perhaps tradeoffs?

1. On Electricity - It needs to be expensive to try to cheat or steal from the system. Currently with gold you would need to hire a private army to steal from and break into vaults - that's so expensive and crazy that I don't think most people are willing to undertake that risk. Currently I think electricity is the best way to make digital native things expensive. I'm not sold on anything else yet (definitely open to new solutions, but I'm not convinced think PoS is a viable one).

2-3. I think this is an interesting tradeoff. The way I look at it you pick 1 of 2. Either you trust someone or some people to return lost funds/remove "problematic" data or you trust the system in which case those things can never be recovered/removed.

I think calling those "problems" might be premature as they could actually be "benefits" depending on how you look at them.

[arcticbull]

Re 1: So why again are we wasting an entire country worth of electricity to secure some numbers? Because we haven't found a good replacement yet doesn't cut it. It's like saying why am I dumping dioxin in the rain gutters? Oh, well, I haven't figured out a better plan so back off, socialist :P

Re 2-3: Tell that to customers of Quadriga and MtGox and the countless scammed, those who paid ransom to kidnappers. Everyone who lost their keys. It's a problem, let's face some reality here.