On 2020-11-14 03:39, Steven Schear wrote:

Jim, This is a major place where you should be focused

https://juraj.bednar.io/en/blog-en/2020/11/12/how-could-regulators-successfu...

This an inherent problem with proof-of-work. A big corporation is more efficient at producing work - and is more vulnerable to the demonetization-deplatform-and-cancel attack, not to mention jackbooted government thugs bashing in their faces with rifle butts. Proof of stake, on the other hand, has the problem that stakeholders must have always up high bandwidth reliable internet connections. We can get around that problem with a client host system, where a relatively small number of hosts are peers on the blockchain, but the clients hold the secrets that empower the hosts. It is a lot easier for a peer to move from one host in one country to another host in another country, than it is for a miner who is using industrial amounts of power and massive dedicated hardware, and even easier for a client to move from one hosting peer to another.