David Rosenthal: evaluation

Transcript context

…Going back to that more of an example of a nuclear strike, what we're really trying to do is guarantee that there isn't any central authority that can issue who are these sets of nodes that can guard the network. If we were the root certificate and we issued a thousand nodes, and we can issue more anytime, then that effectively makes us the point of failure. That censorship resistant piece is not good enough to prevent nuclear strikes. I trust you, but I don't know if I trust you that much. Right. To eliminate this central certificate root, you limit the number of certificates that can be issued, issue all of them, and let them decide who owns what, which is effectively what this token represents as a weight in the network in terms of how much vote you have, how much power to sensor you have, and maximizing that minimum set of nodes that can sense the network. You need this thing to be freely transferable and freely re-assignable. It's just naturally how it evolves. If we actually try to keep some form of control over it but we did a good job with everything else, then that network can decide to remove us from control at any point anyway.…

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