infowl

Citation needed. Appeal to authority, with no evidence of competency.

Don't mistake "Cryptonetworks" as being decentralized.

If you follow this history of previous popular open source decentralized software projects, you can see how easily a few participants can manipulate the entire ecosystem with no accountability.

Censorship, astroturfing, manipulative code and backdoors... negligence or malicious plausible deniability.

How do you hold bad actors accountable in decentralized networks?

Vote?

With money? (Hash power is simply a mask for existing capital)

Vote with (pseudo)anonymous accounts? ... https://en.wikipedia.org/wiki/Sybil_attack

Vote with points earned though early adoption?

Vote by being on the team of developers?

Application Specific Integrated Circuit, so yes but no.

BTC ASIC chips are relatively simple sha-256 generators, whereas the chip from these MIT researchers is somewhat more complicated and can handle elliptic-curve public-key cryptography.

Do you have proof?

It's difficult to tell if statements are true without hard evidence and data to back the claim.

  Religious cults start out by asking you to just come to 
  their meeting; then they gradually ask you for more and more   
  time and eventually money, too.



  Is the person or authority using mind-control tricks or 
  manipulation?  Is he or she using emotional reasoning?  
  Pushing an “us” vs. “them” perspective?



  How truthful can you expect this person to be? Does he or 
  she have a vested interest? Does the authority, 
  institution or publication have a hidden agenda?

Ask these questions anytime someone suggests buying from the supply of databases like Bitcoin, Ethereum, IOTA, or any of those things.

When you get down to the details, cryptocoin advocates need you to buy in so they can cash out.