[0015] Cryptoeconomics for the Nervos Common Knowledge Base #78
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mingrui
reviewed
Mar 8, 2019
doitian
changed the title
mingrui
reviewed
Mar 14, 2019
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| ## 5. Decentralization and the Need for Bounded State | ||
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| Like other long term store of value systems, a Store of Assets platform has to be neutral and free of risks of censorship and confiscation. These are the properties that made gold the world's favorite the store of value for thousands of years. For open, permission-less blockchain networks, censorship resistance comes down to having the broadest consensus scope with a low barrier for consensus and full node participation. Compared to payment networks, running a full node for a smart contract system is more resource intensive. Therefore a Store of Assets platform must take measures to protect the operating cost of full nodes to keep the network sufficiently decentralized. |
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I somewhat agree with gold is neutral, but don't agree with gold being free of risks of censorship and confiscation. For example gold was easily confiscated during the Holocaust. It's more convincing to argue that gold is valuable because it is durable, scarce, divisible, uniform, transportable(under normal circumstances), all these properties which Bitcoin also has.
mingrui
reviewed
Mar 14, 2019
janx
approved these changes
Mar 15, 2019
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Everyone,
This is a RFC(Request for Comments) for the Cryptoeconomic Design of the Nervos Common Knowledge Base.
Feedback or general comments are welcome.