Excellent analysis.

RE: Your Post

Crowdfunding launched the first high risk, high cost trading ships across treacherous waters to retrieve spice, slaves and exotic goods.

These dangerous, but potentially lucrative voyages were possible only through spreading risks, and rewards among a group of investors.

Some made big fortunes. Some made little to nothing. And many ships never came back.

My musings on Funidtion.io as per the info in your post:

• Ironically, what should have been a heterogenous population of validaters, actually resulted in a few controlling verifiers (the Mining Mafia of BTC and ETH).

This has led to quite a few projects to "decentralize" by micro-centralizing - in reality, running a semi-permissioned network with trusted agents (e.g., those "small executive units", the masternodes of other projects, and the "designated overwatch" serving as temporary "training wheels" as in the DAGs of Byteball and IOTA).

• Although EOS is super fast also, many projects want to avoid the current atmosphere of hazy governance and disruptions that may occur from the impending forks.

• Agree with all your recommendations.

Namaste, JaiChai