I have a dream of using Peercoin’s Blockchain + PeerAssets to prove that is possible to fully automatize the governance process of a society.
Why use paper ballot or fraudulent voting machines when you can issue tokens and let users vote directly for what they want? Why rely on politicians when you could simply let citizens move the society to where they think it should go, without middleman? What about auditions? And municipal budget? Why rely on old papers and departments full of bored (and well paid) public agents to audit/write those (more than often fraudulent) information and keep them “safe”? Couldn’t we do it in a better way? Perhaps in a decentralized, anti-fraud one?
Well, for me, this is where Peercoin and PeerAssets get in.
Peercoin has one of the oldest blockchains, its a solid project, and count with devs that prefer to show the work done instead of throwing empty promises in shiny twitter “roadmap” images. This worked so far, and Peercoin is going 5 years old in August. And its getting older and better on each release. Its like wine, or whisky. How many blockchains can you trust will be here in the next five years? How will you define which will survive and which will not? Well, in Peercoin’s case, it already proved it can keep going, for five straight years, even when totally forgotten by the mainstream cryptocurrency world. It went to the pits of alt-coins hell, handled it like a boss, and went full Kratos all the way up again, how many projects showed this strength along the years?
Besides that, it also has a better way to handle network security without wasting ridiculous amounts of resources like full PoW coins (in fact, it was the first cryptocurrency to actually implement PoS). This means that Peercoin has not only a resilient blockchain, it also makes it more optimized in terms of resources consumption in order to keep running.
Oh, and there’s the nodes! Proportionally, Peercoin has an above-average quantity of nodes running across the globe. Decentralized. Less dependent on miners. Resilient. Relatively inexpensive.
With those things in mind, I couldn’t ask for a better option to “host” my assets.
PeerAssets is a great protocol that is fully open and could be implemented in virtually any blockchain derived from bitcoin. This means that even, by some obscure reason, if there is a need to switch your “host” blockchain in the middle of the game, you would be able to do so without changing the protocol in which you work on. This is not true if you issue your tokens in a “token-driven” blockchain. What happens when the blockchain dies? Well, unless someone start porting the whole spaghetti code that was never made to be in other blockchain, your project dies too.
PeerAssets, being a protocol thought from the ground up as blockchain-agnostic, would be ported easily to any other blockchain available.
But hey, why use PeerAssets with other blockchains when you can use it with Peercoin today? Peercoin not only has the above advantages, but actually is maintained by the minds who worked on PeerAssets and some of its more audacious projects. How could you let it pass? I really can’t see a better set.