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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by tomp on Monday July 09, 2018 @07:11PM (#17494170)
Eventually people are going to realize that

(1) all of these can essentially require transparency + encryption (i.e. git + signatures), not the whole blockchain,

(2) hence can be had without the huge energy losses (that come from many nodes (re-)computing the same result over and over, and

(3) centralisation is a feature most people want, because it helps resolve conflicts (à la Vitalik's centralised resolution of the DAO conflict).

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by darawk on Monday July 09, 2018 @08:26PM (#17494510)
> all of these can essentially require transparency + encryption (i.e. git + signatures), not the whole blockchain,

That's just empirically not true. You need to timestamp transactions in a BFT way for all those examples. No way around it.

> hence can be had without the huge energy losses (that come from many nodes (re-)computing the same result over and over, and

You can get this with Proof of Stake. But you do need a BFT timestamping mechanism.

> centralisation is a feature most people want, because it helps resolve conflicts (à la Vitalik's centralised resolution of the DAO conflict).

Citation needed. Centralization has upsides and downsides. It will take time to figure out how to do decentralization well.

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by tomp on Monday July 09, 2018 @08:42PM (#17494580)
> You need to timestamp transactions

No, for most things what you really need is a happens before relationship. Git does that better, since it supports multiple timelines (branches) that can be resolved (merged) cleanly if there are no conflicts (double spends).

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by darawk on Monday July 09, 2018 @09:34PM (#17494797)
> if there are no conflicts (double spends).

What about when there are, though?

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by hannasanarion on Monday July 09, 2018 @09:53PM (#17494872)
Then let the person that everyone agrees to be an authority (the project owner) decide, not the person who happens to own the most GPUs.
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by darawk on Monday July 09, 2018 @10:06PM (#17494913)
That's a model that's totally great for open source projects. Not so much for currencies, or stock trading.
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by madeofpalk on Tuesday July 10, 2018 @05:48AM (#17496639)
How is this any different from a government or central bank?
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by tomp on Tuesday July 10, 2018 @04:35AM (#17496290)
Merge doesn't happen, participants resolve the issue or raise a conflict with the central authority. Same as with Ethereum :D
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by madeofpalk on Tuesday July 10, 2018 @05:47AM (#17496634)
> It will take time to figure out how to do decentralization well.

How long do we have to wait to find how to do decentralization well? It's been 10 years now and we're still asking the same question.