Seems like the ideas discussed here, here, and here do not solve the issue of allowing elders to create new DBCs. The August 18th post recognized “[w]e still need to figure out how to . . . make mining SNTs uneconomic for rogue sections.”
And in a post I made just last week, @dirvine said “[i]deally, we look to a solution where Elders cannot steal, I,e. they cannot create money.” He also explained, “[i]f elders created DBCs then they would not go back to genesis and not be valid.”
Something is not adding up for me. I need a clearer description of how the network will autonomously distribute 70% of SNT over time without creating a vector for a sybil attack.
EDIT: and will the supply still be auditable if there are Genesis events occurring frequently rather than once at network launch?