[Cryptography] Tezos

[James A. Donald]

Tezos is a proof of stake crypto currency

Reading the white paper, I see no explanation of how to solve the hard 
problem of proving to all stake holders that fifty percent plus one of 
the stake holders have chosen to support one outcome rather than another 
when the number of transactions and accounts becomes very large.

Tezos starts off as a centralized system, as all systems must in that 
all proof of stake systems start off with the stakes held primarily by 
those who wrote the software and those who funded them, but for initial 
investors to cash out, must become a decentralized system, and I am not 
seeing any plan to become a decentralized system.

Of course that is par for the course for a lot of internet companies 
these days.  Fund me today, and I will figure out how to make money 
tomorrow.