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> read http://www.truthcoin.info/blog/pow-cheapest/ http://www.truthcoin.info/blog/pow-cheapest/. Modern PoS protocols prevent stake grinding with per-verifier
by AlexCoventry 8y ago
> read http://www.truthcoin.info/blog/pow-cheapest/ http://www.truthcoin.info/blog/pow-cheapest/.
Modern PoS protocols prevent stake grinding with per-verifier VRFs and multi-round verification procedures.
- keymone 8y agoThe complexity involved in making PoS “work” just increases the attack surface and enables political games around which workaround to implement next. And political games are decided by money, which is exactly what brings MR=MC, just like in PoW. So why bother and not use simplest possible system that guarantees security using the ultimate currency - energy?
- AlexCoventry 8y agoWhy bother with baroque consensus algorithms at all, and not just use USD? Because new systems with new properties will enable new capabilities.
- keymone 8y agoPoS is closer to fiat than PoW. PoS is more complex and relies on trust. There is nothing “baroque” about PoW, it’s simplest, cheapest and most reliable of them all.