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Originally published in Queue vol. 17, no. 1
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Comments

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TracyM | Sat, 06 Apr 2019 16:00:48 UTC

Compliment: A very good summary of blockchain at the level a network-literate non-math person can understand. Observation: The fees paid for mining are built-in inflation, which hurts the vast majority of the population of the planet. There is no social good coming from blockchain.

In the U.S., a "normal" expectation for Federal Reserve Board policy is 2% inflation, which hurts every single retired person living on an essentially fixed income, and also all the less well-paid members of society that are unable to save a penny for retirement, yet make it possible for others to earn more, especially those making millions and billions.


| Sat, 06 Apr 2019 07:02:25 UTC

The idea seems interesting enough to focus on the transport layer of the Internet and utilize the cloud networks for scalability but more study may be needed to study the block size vs consensus. Also the idea of a single cloud farm or BDN is contrary to the decentralized nature of the protocol. In that case what would be the need of miners or validators ? Why not let end users be the validators like in some DAG systems ?


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