3 ms·
I'm going to piggyback on your comment to present my unified theory of blockchain proof systems. Start with proof of work. Now imagine that the vast majority o
by IIAOPSW 9y ago
I'm going to piggyback on your comment to present my unified theory of blockchain proof systems.
Start with proof of work. Now imagine that the vast majority of the cost is in the computers and the electricity is basically free. You've just derived proof of stake.
Start with proof of work. Now imagine that the vast majority of the cost is in the electricity and computers are basically free. You've just derived proof of burn.
Start with proof of burn. Now imagine that each burnt coin gets evenly redistributed to everyone as a dividend. You're back at proof of stake.
Start with proof of stake. Now imagine there's an amount of time that you must lock coins away to engage in stakeholding. Now set that time to infinity. You're back at proof of burn.
- na85 9y agoI don't really understand what point you are making.
- heroprotagonist 9y agoI think that's why he called it a 'piggyback'. If it resulted in a lot of conversation, I think it would commonly be referred to as a 'hijack' comment. He just responded to the top comment to try to get people's attention on some unrelated matter.