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That's not even close to being correct, and blogs from maximalists are never a good source of correct information. Happy to walk you through what PoS looks lik

That's not even close to being correct, and blogs from maximalists are never a good source of correct information. Happy to walk you through what PoS looks like in 2020, but you can look up the information yourself too.

ShorsHammer 7y ago
Given the unwillingness to back up your argument, would you instead simply show one pure Proof of Stake system that is used today?
- decentralised 7y ago
  If you can define "pure" in terms of how it relates to energy consumption, I can try. The one PoS system I'm (edit: deeply) familiar with is Ethereum 2.0's, I wrote about it a couple of years back: https://medium.com/@jpa_of_snc/consensus-casper-and-cryptoeconomics-in-15-minutes-or-less-c7ca2427bf88 https://medium.com/@jpa_of_snc/consensus-casper-and-cryptoec... There are testnets using this already: https://medium.com/prysmatic-labs/ethereum-2-0-phase-0-testnet-release-1e9e682db910 https://medium.com/prysmatic-labs/ethereum-2-0-phase-0-testn...
ppf 7y ago
Tell me, what does PoS look like in 2020, apart from delayed? ps. Using the word "maximalist" immediately shrinks your audience to other die-hard crypto fans.
- decentralised 7y ago
  I'm not in it for the audience.. in any case, maximalism is mostly a self-assigned title and the author of that blog describes himself as such edit: how can something that is being discovered be late? The work on PoS is almost completely greenfield and far from trivial. Many people made many far too optimistic comments about how long it would take to get it right but no one can say it's late...
  - ppf 7y ago
    Right, so when you say you'll tell us the state of PoS in 2020, the answer is "currently unsolved".
    - decentralised 7y ago
      There are testnest live for some time now but there is still plenty to do before anyone should trust their funds into the staking contracts. edit: I mean, several dPoS networks went live without spending enough time considering the game theory attacks, but now we've seen them used on EOS and more recently on Steem so thats why I (personally) believe a real PoS is still a few months away at best.
      - ppf 7y ago
        Last I checked, "real" PoS was at least a year away, and receding fast. The current testnets are so lacking in functionality I'm not sure they can be called PoS.
        latchkey 7y ago
        ETH2 will deployed in phases. It will take many years before ETH1 PoW is turned off, if ever. Unfortunately, many people don't understand the actual dynamics of all of this and they equate ETH2 phase 0, which is supposed to see the light of day this year (I'm personally doubtful of even that), with the 'end' of PoW. Nobody in their right mind would trust many billions of value to some brand new unproven consensus model. That said, if they think they can make it work, I'm all for letting them try.
        decentralised 7y ago
        I would say they can be called PoS because that's the nature of the consensus algorithm used... but it's not in a "go live" production stage atm.

ShorsHammer 7y ago

Given the unwillingness to back up your argument, would you instead simply show one pure Proof of Stake system that is used today?

decentralised 7y ago
If you can define "pure" in terms of how it relates to energy consumption, I can try. The one PoS system I'm (edit: deeply) familiar with is Ethereum 2.0's, I wrote about it a couple of years back: https://medium.com/@jpa_of_snc/consensus-casper-and-cryptoeconomics-in-15-minutes-or-less-c7ca2427bf88 https://medium.com/@jpa_of_snc/consensus-casper-and-cryptoec... There are testnets using this already: https://medium.com/prysmatic-labs/ethereum-2-0-phase-0-testnet-release-1e9e682db910 https://medium.com/prysmatic-labs/ethereum-2-0-phase-0-testn...

ppf 7y ago

Tell me, what does PoS look like in 2020, apart from delayed? ps. Using the word "maximalist" immediately shrinks your audience to other die-hard crypto fans.

decentralised 7y ago
I'm not in it for the audience.. in any case, maximalism is mostly a self-assigned title and the author of that blog describes himself as such edit: how can something that is being discovered be late? The work on PoS is almost completely greenfield and far from trivial. Many people made many far too optimistic comments about how long it would take to get it right but no one can say it's late...
- ppf 7y ago
  Right, so when you say you'll tell us the state of PoS in 2020, the answer is "currently unsolved".
  - decentralised 7y ago
    There are testnest live for some time now but there is still plenty to do before anyone should trust their funds into the staking contracts. edit: I mean, several dPoS networks went live without spending enough time considering the game theory attacks, but now we've seen them used on EOS and more recently on Steem so thats why I (personally) believe a real PoS is still a few months away at best.
    - ppf 7y ago
      Last I checked, "real" PoS was at least a year away, and receding fast. The current testnets are so lacking in functionality I'm not sure they can be called PoS.
      - latchkey 7y ago
        ETH2 will deployed in phases. It will take many years before ETH1 PoW is turned off, if ever. Unfortunately, many people don't understand the actual dynamics of all of this and they equate ETH2 phase 0, which is supposed to see the light of day this year (I'm personally doubtful of even that), with the 'end' of PoW. Nobody in their right mind would trust many billions of value to some brand new unproven consensus model. That said, if they think they can make it work, I'm all for letting them try.
      - decentralised 7y ago
        I would say they can be called PoS because that's the nature of the consensus algorithm used... but it's not in a "go live" production stage atm.