Is ada or eos better than bitbay? is dpos really better than pos3 - who knows ... but what matters is what people believe at the time
50m project or 5BN project. Of course icos with real narrow distribution can have huge fake caps but those are all i hear ppl talking about since they are hyping new mechanisms that can push high tps.... never mind the centralisation to a certain degree
The TPS hype like most hype trains are probably orchestrated with pumps from exchanges anyways who are probably in on it.
Even if it wasn't, DPOS is not better than POS3.
It has the drawback of not being able to see the genesis, no reputation system, the voting can be gamed and politicized via offering incentives, there is not enough nodes.
It's a great start for extremely large scalability and has proven that. But it needs to be not so rigid such as a limit of 101 delegates or X delegates. It needs to be where people upgrade their hardware, offer it to the network, prove they can handle the volume, etc. No voting required, just reputation, benchmark, and very well planned pruning techniques that leave almost no doubt of botnet or fraud. I've learned a thing or two from watching the rise of Larimer and it was obvious he wasn't gearing up for decentralization but commercialization. He chose a technique that would get him adoption by getting users regardless of how much decentralization was sacrificed. The strategy worked, I knew it would.
We have already taken a page from that, we are now looking to teach our team about web based markets. We think of simple systems that can be used on phones, we look at architecture that can scale the chain.
The peg database actually has to prune or else it will simply fail. The transactions for the peg are 100 times larger unless put into a liquidity pool per account after a certain number of blocks. If we had a million users it would be probably around 40 gigabytes for that and another 20 gigabytes to support 100k tx per 400 blocks (temporary not pruned storage). I'm building it to scale. Users can always rescan and verify that data again. But the blockchain itself can't currently be handled with pruning until a very major change to protocol happens. (to support high TPS). At BitBay we do things correctly.
