Open-Source vs Closed-Source Protocol
This is quite alarming to me. The idea that being open source helps guarantee security unless simply the knowledge of how it works is enough to break it, which is not good either way. I think you should at the very least publish a detailed process for how it is secure. It is quite suspect to require this kind of technology and the only safe assumption I can make is that this is 100% centralized and reliant on TeraBlock to operate truthfully. Considering there are decentralized alternatives being worked on already, I'm not sure why the community would support such a proposal and especially the amount this proposal is asking.