Such as size of the ledger,
This is an issue? The ledger is not even 20 GB in size? It would fit on a single layer blu ray disk with room to spare for a few more years. It doesn't even fill up 0.5% of a 4 TB hard drive.
risk of the 2/3 vs 1/3 mining ratio
The only way for an electronic currency to work is for there to be a consensus on which transactions have occurred and in which order. If you don't want a centralized system where you have to trust a person or company to enforce this consensus, then you are left with a system where the nodes of the network must enforce the consensus on each other. If you don't want a system where a minority of the power can over-rule the consensus, you are stuck with accepting the consensus from the majority.
and hiding hashes, etc?
Hiding hashes? Explain?
There is a thread in the regular forums that Id like to participate in but Im a noob.
That won't last long. Have fun.