I'm more convinced than ever that BTC is basically dead...
...
4) Centralization problems haven't been solved. In the last two years, two major 51% scares have happened, both involving ghash.io. Each time the alarm bells ring, new ideas are offered, and absolutely nothing changes.
You are right on all counts, but on any given day DRK's hash is usually even more centralised than BTC's.
Evan and team need to
a) Admit the fucking problem
and
b) Fix it by shifting blockchain security to Masternodes. Most of the code and all of the infrastructure already exists. Blockchain security can and should be practically unbreakable, the same as Darksend and InstantX,
not left in the hands of two or three pool ops.
Go talk to anyone with serious money about trusting big chunks of it to a mightily 'decentralised'
3 shitty pool servers, all run as cheaply as possible by some noddy from the interwebs, see what reaction you get. Then have the same conversation again but with
3000 servers, n-of-m subsetting, 1/(10^20) attack success probability... your charts might suddenly start to look a bit more exiting than less than a fiftieth of the price of crappy old Bitcoin.
Couldn't agree more--and didn't mean to imply that DASH has solved all these problems, either. But at least our devs/community is willing to innovate/tolerate innovation in an effort to solve them.
I agree that mining pools create a very frightening problems in any currency, and strongly hope that DASH will adopt a 100% Proof of Service model or a 100% P2Pool model.
