Greetings. Been looking into new coins and today I'm looking at DAG coins. I read the white paper which I found to be woefully inadequate for being a cryptocoin. No probability formulas. One page talking about double spend which only talked about one possible attack vector. And then I saw that it's centralized by requiring "reputable" witnesses, "captains of industry" they were called. So the only question I currently have is whether or not this coins cryptography and implemention has been peer reviewed by experts in the actual field.
Greetings,
The implementation has been reviewed by interested developers, some bugs were found and closed, the discussion of cryptography/schemes happened on this forum before the launch. Correct, it is not trust-less, requires to trust 12 honest/well-behaved/incentivized/fee-collecting nodes/entities called witnesses on the network. There is no probabilities of confirmation times or similar, a transaction can be in two states, unconfirmed or confirmed.
There has been lower amount of technical/design discussion last week due to high price and everyone clapping, its about time someone got to the technical/criticism parts again.
