Great disclosure. ;). I tell people IANAT -- I am not a trader.
This deserves more upvotes. Thanks for putting it together.
I'm fairly new to the whole crypto-currency space, so there are a lot of nuances and such that I'm sure I miss out on. My experience with cryptocurrencies is mostly limited to Bitcoin and Ethereum, with some dabbling in day-trading on the side (Full disclosure: I suck at it).
Given that I follow Ethereum pretty closely, I've actually become fairly involved in the whole hard-fork debate. I'm very strongly anti-fork, and am really not very happy about the fact that the hard-fork was not only accepted by the majority, but how that came about. Watching the debate evolve over the last few weeks--and looking back on the history of similar debates in the Bitcoin space--I started to come up with some musings about PoW and what we call "consensus".
It's interesting to me that you are fairly new to the space but you are so confident in your posture on these issues. Maybe it's your style on reddit and I am misreading you, but in my experience, such overconfidence is a hindrance. At best it's just remarkably unprofitable. Food for thought. I am running on empty 350 posts but good to have you on Steem and I look forward to your musings as they evolve.
Thanks m8!
Honestly, the overconfidence is a bit of a problem. It comes from turning a problem over and over a little obsessively, until I see how all the pieces (can) fit together. Then it becomes hard to see them fitting together any other way--until more pieces get added, that is.
I like complicated systems like this. I like them less so when they get political like this, but regardless of whether or not I like them, they're utterly fascinating.
I do hope someone will come along and tell me where I'm wrong in some of my assumptions, or perhaps point out some additional information that would force me to rethink the model I've come up with. I'd especially like to hear from someone involved in Ethereum's development, but I don't think they're too fond of me over in their subreddit these days :(
C'est la vie.