[Cryptography] Krugman blockchain currency skepticism

[jamesd at echeque.com]

On 06/08/2018 14:11, jamesd at echeque.com wrote:
> Thus we need a system with proof of stake, and not only proof of stake,

...

> with peers that have a lot of wealthy clients
If the system handles an enormous number of transactions, peers are 
going to be big and expensive, thus vulnerable to people like Mueller 
armed with vague and open ended charges of tax evasion and money 
laundering.  Hence the power of peer over the currency needs to be 
proportional to the wealth controlled by the secrets held by that peer's 
clients.  And that peer's clients need to be free to move from one peer 
to the next, and apt to move to peers that make it difficult for Mueller 
to find their clients.