Okay, your have made your disagreement known. As I said previously, I will only discuss this issue futher in threads devoted to bitshares and/or mastercoin.
This isn't a disagreement it is a factually incorrect statement that you are broadcasting in your whitepaper right in the abstract:
....Unlike other proposed systems for issuance of USD-denominated cryptoassets (e.g. Ripple, Mastercoin, Bitshares, etc.), hop does not rely on trust relationships.
Either you have bastardized the word trust to mean something beyond common notion or you have no understanding how Mastercoin and BitShares work. In any event, you are misrepresenting our brands and I have every right to post a disclaimer in your thread stating such. BitShares does not rely upon trust relationships.
And yes, I will rely on mathematical arguments to do so. If you don't like that, we don't have to go there. Up to you.
When mathematics are used to justify arbitrary design decisions or override the will of the market, then I tend to discount the system. You can use any level of abstraction you desire with any level of complex relationships, but unless the system is actually tested with real users and predictive models are verified, the math is worth less than the ink on the paper. Ask David Li about this Cunicula.
Just as you discounted us for our lack of economists (and we do actually have one), I'll discount you for your lack of developers. They are the lifeblood of these ideas and the drivers of their implementation. I'll leave your thread now.
