Hello all. Just wanted to introduce myself. I'm Bob Way, formerly of Ripple. Thank you in advance for allowing me to join your forum.
Back in the early days of crypto I was pretty active in the Bitcointalk and Ripple communities (under the username "Red"). In fact my community participation was what directly led to me going to work for Chris and the gang at OpenCoin. I made a lot of good friend in the forums five years back. I'm hoping to make some new ones now.
This requires its own thread or book chapter. I don't think I can do it justice here. Let me give my nutshell opinions here and it you want a long discussion, please start a new thread and invite me to discuss it.
Historically, proof of work was a genius solution to a problem that was (at the time) thought unsolvable. (Byzantine generals) Satoshi took that clever hack and wrapped it into a marketing scheme that was three times move clever than PoW itself. His scheme, 1) solves consensus, 2