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RE: The Libra Central Bank as a Capped Delegated Proof of Stake
Well BTC was an innovation that laid the groundwork for currencies like Libra. It was predictable that the establishment would try and usurp BTC's role.
If Libra (or any coin) does not satisfy all the needs that the promise of a truly decentralized coin purported to satisfy, then another coin will come along, and another mainstream force will try and copy it.
This will go on until the people's needs are met. So I'm hopeful!
Where there's a need, the market will find a way!
But doesn't decentralisation mean two thing?
One is the nodes, the other is the decision-making. Institutions like DARPA like the decentralised node structure for security reasons, somewhat like the internet itself was built to withstand nuclear attack. But I don't think DARPA would consider that the US Military decentralise their control structure.
The capped DPOS looked interesting until that paragraph that Members could delegate their stake thereby opening up Libra to complete central bank control by sheer weight of money - as well as making the capping pointless.