Topic: BOScoin question (Read 397 times)
Bump.
I thought this would be the ideal place to ask this question because of the high degree of cynicism and the abundant crypto BS detectors in this forum. I didn't want to ask on the BOS forum and get the usual true believer swarmy answer(s).
So a reader of the BOS whitepaper runs into this:
Congress Network
a. Overview
The Congress Network is the decision-making body for BOScoin consisting of individual
fully-synchronized node operators. Although people refer to cryptocurrencies as
decentralized and autonomous, in many cases, this is not true. Both the code and the
information on the blockchain are vulnerable to influence. In order to overcome these issues,
BOScoin proposes a decision-making body called the Congress Network to fully decentralize
and automate the system. Development of the source-code, forks, and even marketing
resources can be allocated from within the system.
b. Congress Network Roles
i. Congress members
You will be regarded as a Congress member if you meet the following criteria:
● Run a fully-synchronized node at stable network speeds
● Freeze at least four units (one frozen unit is 10,000 BOS)
● Participate in voting
Anyone can become a Congress member. A node could be a server or a personal
computer that a Congress member runs. The node can be located at home or a
remote location, as long as network speeds are stable.
Congress Members have the choice to either invest in increasing their political
influence through running more nodes or increasing their economic return through
increasing the BOScoin frozen.
I parsed it like this:
a) "Although people refer to cryptocurrencies as
decentralized and autonomous, in many cases, this is not true. Both the code and the
information on the blockchain are vulnerable to influence."
Ok, this is a fair statement. Possible ETH dink.
b) In order to overcome these issues,
BOScoin proposes a decision-making body called the Congress Network to fully decentralize
and automate the system. Development of the source-code, forks, and even marketing
resources can be allocated from within the system.
c) Congress Network Roles
i. Congress members
You will be regarded as a Congress member if you meet the following criteria:
● Run a fully-synchronized node at stable network speeds
● Freeze at least four units (one frozen unit is 10,000 BOS)
● Participate in voting
Anyone can become a Congress member. A node could be a server or a personal
computer that a Congress member runs. The node can be located at home or a
remote location, as long as network speeds are stable.
Congress Members have the choice to either invest in increasing their political
influence through running more nodes or increasing their economic return through
increasing the BOScoin frozen.
Section c) is where the questions pop up.
So here are the logical problems:
1) Not anyone can be a Congress member. They need a decent PC and say a 10 Mb/s internet hookup. They also need to tie up at least at the beginning at least 0.888 BTC. This is important because somewhere in the advertising copy BOScoin is said to address billions of people.
2)
a) First you state this: "Although people refer to cryptocurrencies as
decentralized and autonomous, in many cases, this is not true. Both the code and the
information on the blockchain are vulnerable to influence."
b)Then further down you state this: "Congress Members have the choice to either invest in increasing their political
influence through running more nodes or increasing their economic return through
increasing the BOScoin frozen."
Is this not a logical disconnect? In 2a) BOScoin complains about influence and yet in 2b) I can acquire it.
To put a western spin on this, there have been and are several structures. One only needs to think of US corporations and their several classes of limited and voting shares. British history and their house of lords.
Couldn't GreedyPerson LLC just spend to establish a majority/association of nodes and steer all the dough to their business entity?
So a reader of the BOS whitepaper runs into this:
Congress Network
a. Overview
The Congress Network is the decision-making body for BOScoin consisting of individual
fully-synchronized node operators. Although people refer to cryptocurrencies as
decentralized and autonomous, in many cases, this is not true. Both the code and the
information on the blockchain are vulnerable to influence. In order to overcome these issues,
BOScoin proposes a decision-making body called the Congress Network to fully decentralize
and automate the system. Development of the source-code, forks, and even marketing
resources can be allocated from within the system.
b. Congress Network Roles
i. Congress members
You will be regarded as a Congress member if you meet the following criteria:
● Run a fully-synchronized node at stable network speeds
● Freeze at least four units (one frozen unit is 10,000 BOS)
● Participate in voting
Anyone can become a Congress member. A node could be a server or a personal
computer that a Congress member runs. The node can be located at home or a
remote location, as long as network speeds are stable.
Congress Members have the choice to either invest in increasing their political
influence through running more nodes or increasing their economic return through
increasing the BOScoin frozen.
I parsed it like this:
a) "Although people refer to cryptocurrencies as
decentralized and autonomous, in many cases, this is not true. Both the code and the
information on the blockchain are vulnerable to influence."
Ok, this is a fair statement. Possible ETH dink.
b) In order to overcome these issues,
BOScoin proposes a decision-making body called the Congress Network to fully decentralize
and automate the system. Development of the source-code, forks, and even marketing
resources can be allocated from within the system.
c) Congress Network Roles
i. Congress members
You will be regarded as a Congress member if you meet the following criteria:
● Run a fully-synchronized node at stable network speeds
● Freeze at least four units (one frozen unit is 10,000 BOS)
● Participate in voting
Anyone can become a Congress member. A node could be a server or a personal
computer that a Congress member runs. The node can be located at home or a
remote location, as long as network speeds are stable.
Congress Members have the choice to either invest in increasing their political
influence through running more nodes or increasing their economic return through
increasing the BOScoin frozen.
Section c) is where the questions pop up.
So here are the logical problems:
1) Not anyone can be a Congress member. They need a decent PC and say a 10 Mb/s internet hookup. They also need to tie up at least at the beginning at least 0.888 BTC. This is important because somewhere in the advertising copy BOScoin is said to address billions of people.
2)
a) First you state this: "Although people refer to cryptocurrencies as
decentralized and autonomous, in many cases, this is not true. Both the code and the
information on the blockchain are vulnerable to influence."
b)Then further down you state this: "Congress Members have the choice to either invest in increasing their political
influence through running more nodes or increasing their economic return through
increasing the BOScoin frozen."
Is this not a logical disconnect? In 2a) BOScoin complains about influence and yet in 2b) I can acquire it.
To put a western spin on this, there have been and are several structures. One only needs to think of US corporations and their several classes of limited and voting shares. British history and their house of lords.
Couldn't GreedyPerson LLC just spend to establish a majority/association of nodes and steer all the dough to their business entity?
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