Conversations with Tyler Balaji Srinivasan on the Power and Promise of the Blockchain
21 snips
Apr 25, 2018 
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Decentralization Is The Key Vulnerability
- Cryptocurrencies fail if their decentralization thresholds are low enough to be compromised.
- Quantifying decentralization lets you rank coins by the minimum entities needed to seize control.
Weigh Energy Costs Against Institutional Value
- Consider proof-of-stake and other energy-efficient consensus models but expect trade-offs in centralization.
- Compare blockchain infrastructure to institutional property systems rather than single server costs when judging energy use.
Blockchain Creates A New Competitive Rail
- New payment rails and smart contracts will enable routing around incumbent financial fees.
- Blockchain competition lowers transaction costs and creates different fee structures taxing new scarcities.