Our journey to the promised land of Evo adoption is not assured. We have to avoid the following pitfalls:
1. Evo is never released.
This could happen if some people here succeed in destroying DCG and we no longer have a competent CTO.
2. Evo is released but it's lame.
If contact list privacy is not implemented, for example, I would not use Evo nor would I recommend it to anyone.
3. Evo is released, and not lame, but it can't scale.
Pasta recently admitted that IS can only handle eighteen transactions per second, so this is a real concern.
4. Evo is released, is not lame, can scale, but it's too late.
When central bank digital currencies are rolled out, TPTB may simply ban competing, unauthorized digital currencies. This is not as hard as you might think. They can declare that possession, issuance, mining, trading and transferring crypto-assets is illegal. The Indian government has proposed just such a bill this year. Google and Apple would then remove all unauthorized crypto apps from Android and iOS devices.
You might say that crypto is too popular to ban. Alcoholic beverages were pretty popular as well in America in 1920.
* * *
Forking the coin as I proposed is not such a bad idea. A different and maybe more valuable fork idea would be as follows:
- Allow LLMQs to be block producers and do away with POW.
- Deprecate IS since LLMQs are not picking and choosing txes, but using a known algo to assemble blocks instead.
- Implement LLMQ-based blockchain pruning to maintain a small blockchain.
- No mixing, no treasury, no governance, no Evo (sorry grandma).