4 ms·

Funny. The first class was a public class & anybody could join in at any time. The second class had reserved early seats based on the initial supply of the dic

by kang 6y ago

Funny. The first class was a public class & anybody could join in at any time. The second class had reserved early seats based on the initial supply of the dices; without investment in the initial dices the game doesnt start, whereas sudoku generation is free.

dgellow 6y ago
Could you explain? Anyone can run a node for a proof-of-stake, or delegate/stake to the node they want. Why do you add the reserved seat to the story?
- hjorthjort 6y ago
  Because that's how Bitcoin maximalists view Ethereum, and basically all other major alts.
- wmf 6y ago
  In the early days of Bitcoin like 2011, you could mine basically for free using a gaming PC you already owned (there are a lot of assumptions here that coiners don't want to get into). I actually did this. This has nothing to do with how PoW works today, where even obscure chains are slammed with GPU farms within minutes of mainnet launch. With PoS you have to buy coins before you can stake. There's no way to bootstrap your stake without spending money.
juanitolol 6y ago
amen
sparkie 6y ago
In the PoS game, the stakers must be trusted to report their dice roll accurately. To overcome this, you would need some kind of random oracle which can't be influenced by any of the participants. The best random oracle we know is of course, Proof-of-Work.
- kang 6y ago
  Basically this. You, a mathematician, walk into the class to purchase a brick to label. The first class has solved sudokus with deterministic difficulty to prove they did work to build the structure, whereas in the second class you have just dice sums & have to trust them telling you they rolled the diced only every fixed interval etc. It's distributed but not decentralized.
pazimzadeh 6y ago
The first one was only accessible to wizards who knew the magic spells to generate gold. The second one was accessible to anyone willing to risk losing a little bit of gold on an idea.

by kang 6y ago

dgellow 6y ago

Could you explain? Anyone can run a node for a proof-of-stake, or delegate/stake to the node they want. Why do you add the reserved seat to the story?

hjorthjort 6y ago
Because that's how Bitcoin maximalists view Ethereum, and basically all other major alts.
wmf 6y ago
In the early days of Bitcoin like 2011, you could mine basically for free using a gaming PC you already owned (there are a lot of assumptions here that coiners don't want to get into). I actually did this. This has nothing to do with how PoW works today, where even obscure chains are slammed with GPU farms within minutes of mainnet launch. With PoS you have to buy coins before you can stake. There's no way to bootstrap your stake without spending money.

juanitolol 6y ago

amen

sparkie 6y ago

In the PoS game, the stakers must be trusted to report their dice roll accurately. To overcome this, you would need some kind of random oracle which can't be influenced by any of the participants. The best random oracle we know is of course, Proof-of-Work.

kang 6y ago
Basically this. You, a mathematician, walk into the class to purchase a brick to label. The first class has solved sudokus with deterministic difficulty to prove they did work to build the structure, whereas in the second class you have just dice sums & have to trust them telling you they rolled the diced only every fixed interval etc. It's distributed but not decentralized.

pazimzadeh 6y ago

The first one was only accessible to wizards who knew the magic spells to generate gold. The second one was accessible to anyone willing to risk losing a little bit of gold on an idea.