1,758 karma · joined December 8, 2013
https://www.grin-forum.org/t/benedikt-bunzs-utxo-commitments...
Somebody has to do the work to bootstrap and develop the network. Whom do you expect to govern the project? Governance meetings are public, bi-weekly, in the Gitter Lobby chat, you are free to join.
Also since I am into nitpicking, economics are inflationary for the first couple of decades gradually switching to deflationary (1 grin per second forever).
The internet started in the early 90s so you are talking approximately about two thirds of its lifespan hence "new" doesn't really apply.
Citation needed.
To your comments re bitcoin, it sounds to me like somebody complaining that Internet is slow back in the 90s/00s.
EDIT:
I am not pontificating in favor of bitcoin. It's just that the technology is still immature but there is a lot of great and promising work happening today.
The only viable solution I see is open hardware.
https://www.mail-archive.com/cypherpunks@lists.cpunks.org/ms...
[1] https://puri.sm/shop/librem-13/ - see the Operating System choice
Didn't it occur to you that even if diaspora goes nowhere, the work these guys have been doing may be influential or even the foundation for something that will actually go somewhere in the future?
Can you elaborate more? What makes you think that this is true?
Yes, it would. Good read, I like the overall reasoning. I can think of some use cases where an OB token could make sense but I would like to learn more about OB first.