1/2 "Decentralized systems purport to eliminate the presence of gatekeepers. But there is a problem as without such gatekeepers there is no efficient solution to the sibyl problem." twitter.com/NewtonMark/sta…
2/2 "…Instead there are ugly hacks, such as a “proof of work” system where sibyls are only prevented by the need to waste resources, or “proof of stake” where the design literally becomes “he who has the gold makes the rules”."