Decentralisation
Date: 2022-12-05
Source: https://craigwright.net/blog/academics/decentralisation
A system such as bitcoin operates using a Proof of Work based consensus mechanism that many individuals have falsely claimed limits the ability for the system to scale. As a result, alternative proposals based on Proof of Stake are misleadingly being promoted as scaling solutions. However, it will be demonstrated that proof of stake is not a scaling solution but is rather a means of reintroducing ownership and equity control through a back door creation of a digital bearer share.
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R9
Abstract. A system such as Bitcoin operates using a proof-of-work-based consensus mechanism that many individuals have falsely claimed to limit the ability for the system to scale. As a result, altern...