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RE: The r0ach report 38: Anyone who supports digital currency over silver and gold is the enemy of humanity
Since there hasn't been a single decentralized coin yet, and it doesn't look like creating one is even possible, I vote that you name it ADP - Anonymint's Digital Prison, then not tell anyone what the abbreviation stands for. If it actually was decentralized, well, more power to you. If it completely centralizes, you can't say you didn't warn anyone.
Well I think initially you’ll be able to claim that our project CRED (actually that’s the enforced utility1 token name but not the exact project name) is exactly a permissioned system when the open source is not revealed. But there’s a surprise that comes later when the open source is released. So you and others will presumably have fun characterizing it as a farce at the start.
We will discuss/debate/analyze the technological specifics later when the open source is released.
1 No ICO securities will be issued
P.S. I suggest readers revisit the Verify AMA to read my (username iamnotback’s) comments there, specifically w.r.t. the naming conflict over the CRED token name. I also made several comments there pointing out that Verify seems to be (IMO and analyses) yet another in a sea of ERC-20 pointless projects and an ICO musical chairs money grabs. UPDATE: note Verifyas banned me from their subreddit(ard).