8 ms·

Compact fusion reactors exist and are functional… and they chose griftcoin junk tech.

pacoWebConsult 5y ago
Don't get me wrong, plenty of griftcoin junk tech exists, but Ethereum is the most capable platform and moving away from Proof Of Work is a significant step.
- cuteboy19 5y ago
  They may be grifters and scammers but at least they are not burning down the planet. But I am curious about this: Etherium is not the first crypto to go PoS. Are there any significant technical advantages compared to other PoS implementations?
  - yokem55 5y ago
    Sure - They have a novel BLS signature aggregation that allows for a much larger number of participating validators (roughly up to 1M) then other POS systems that top out at a couple thousand. - It's slashing mechanism creates 'economic finality'. Any validator participating in a reorg beyond that ~12 minute economic finality window would find themselves slashed and forced exited from the validator set. - Lengthy entrance and exit queues mean that the validator set can't be shifted faster then the community can adapt should an attacker try manipulate the network. - Multiple independent client teams have implemented a publicly agreed upon specification (there are 6 known at the moment). This keeps insider developers from sneaking in adverse changes without causing a huge hullabaloo. Getting all this right is why it's taken so long to roll out.
  - anonporridge 5y ago
    > Bitcoin’s Energy Usage Isn’t a Problem. Here’s Why. https://www.lynalden.com/bitcoin-energy/ https://www.lynalden.com/bitcoin-energy/
    - cuteboy19 5y ago
      So then PoS was pointless right? This whole article was bullshit too right? Or maybe, just maybe, the author holds a not insignificant amount of Bitcoin and is working overtime to dismiss criticism.
      - anonporridge 5y ago
        Here's her thoughts on proof of stake, https://www.lynalden.com/proof-of-stake/ https://www.lynalden.com/proof-of-stake/ > Or maybe, just maybe, the author holds a not insignificant amount of Bitcoin and is working overtime to dismiss criticism. No shit Sherlock. This is a ridiculous point to make to try to dismiss someone's argument. If you believe something is a good investment, then of course you're going to own a lot of it and promote your reasoning to think it's good and alternatives are bad. Literally everyone one the planet does that and you're deluding yourself if you think anyone who has put in enough time and effort to understand the complexity of things is going to be bias free.
- deleted 5y ago
  [deleted]
- rvz 5y ago
  I don't see why someone needs to wait 'years' on a coin for such a move when others already exist that are neither Proof-of-Work or Proof-of-Stake, unless you just plan on speculating on the cryptocurrency.
  - dcolkitt 5y ago
    Because creating a new network from scratch is easier than safely transitioning, without downtime or breaking backwards compatibility, an existing network that secures hundreds of billions of dollars in value.
    - rvz 5y ago
      Are you saying me I should tell users to wait 7 or more years for this desired functionality while they lose more money trying to figure out how to use it? I also don't think there is a cryptocurrency network that is widely used that has operated without network halts, downtime or congestion so I do not expect any network to have such a 'smooth' transition either.
  - thebean11 5y ago
    Like which coins? As someone in the industry, I highly recommend taking claims like that with a grain of salt.
kordlessagain 5y ago
People who write articles, submit articles, admin articles and comment on articles can't buy fusion reactors and profit from them. So, we have biases with cryptocurrency. Opinions about unknowable consensus mechanisms aside, I have serious doubts about PoS given there's no clear associated PoW presented alongside the staking. But what do I know? I have grey hairs. I still like Bitcoin and Lightning because the PoW and PoS work with each other to deliver similar functional properties. This is a personal opinion based on reading and trying to imagine how the Yapese managed their stashes of huge coins. Fun fact: One particularly large coin dropped off an outrigger on the way back from being mined and instead of taking it out of circulation, a few of the consensus makers went out and dove on it to confirm it was indeed sitting on the bottom of the ocean floor. I've set intent to go dive it and see it for myself.
- happytoexplain 5y ago
  >One particularly large coin dropped off an outrigger on the way back from being mined and instead of taking it out of circulation, a few of the consensus makers went out and dove on it to confirm it was indeed sitting on the bottom of the ocean floor. What does this mean? A cursory Googling isn't shedding light on this metaphor for me.
  - adenozine 5y ago
    It almost reads like a GPT-3 bot wrote it, I thought I was having a stroke trying to understand it.
    - kordlessagain 5y ago
      I've provided a link to ease your stress.
      - adenozine 5y ago
        It seems rude now, what I wrote. I do apologize, I chose not to overlook a clunky sentence, you did not deserve that! You're a very understanding person for replying this way, despite my remark.
bpodgursky 5y ago
I am 100% confident that the first commercially available compact fusion reactor will win this prize too.
adamsmith143 5y ago
>Compact fusion reactors exist and are functional Functional as in works as intended? Maybe but certainly not functional as in "Useful as powerplants"

Don't get me wrong, plenty of griftcoin junk tech exists, but Ethereum is the most capable platform and moving away from Proof Of Work is a significant step.

cuteboy19 5y ago
They may be grifters and scammers but at least they are not burning down the planet. But I am curious about this: Etherium is not the first crypto to go PoS. Are there any significant technical advantages compared to other PoS implementations?
- yokem55 5y ago
  Sure - They have a novel BLS signature aggregation that allows for a much larger number of participating validators (roughly up to 1M) then other POS systems that top out at a couple thousand. - It's slashing mechanism creates 'economic finality'. Any validator participating in a reorg beyond that ~12 minute economic finality window would find themselves slashed and forced exited from the validator set. - Lengthy entrance and exit queues mean that the validator set can't be shifted faster then the community can adapt should an attacker try manipulate the network. - Multiple independent client teams have implemented a publicly agreed upon specification (there are 6 known at the moment). This keeps insider developers from sneaking in adverse changes without causing a huge hullabaloo. Getting all this right is why it's taken so long to roll out.
- anonporridge 5y ago
  > Bitcoin’s Energy Usage Isn’t a Problem. Here’s Why. https://www.lynalden.com/bitcoin-energy/ https://www.lynalden.com/bitcoin-energy/
  - cuteboy19 5y ago
    So then PoS was pointless right? This whole article was bullshit too right? Or maybe, just maybe, the author holds a not insignificant amount of Bitcoin and is working overtime to dismiss criticism.
    - anonporridge 5y ago
      Here's her thoughts on proof of stake, https://www.lynalden.com/proof-of-stake/ https://www.lynalden.com/proof-of-stake/ > Or maybe, just maybe, the author holds a not insignificant amount of Bitcoin and is working overtime to dismiss criticism. No shit Sherlock. This is a ridiculous point to make to try to dismiss someone's argument. If you believe something is a good investment, then of course you're going to own a lot of it and promote your reasoning to think it's good and alternatives are bad. Literally everyone one the planet does that and you're deluding yourself if you think anyone who has put in enough time and effort to understand the complexity of things is going to be bias free.
deleted 5y ago
[deleted]
rvz 5y ago
I don't see why someone needs to wait 'years' on a coin for such a move when others already exist that are neither Proof-of-Work or Proof-of-Stake, unless you just plan on speculating on the cryptocurrency.
- dcolkitt 5y ago
  Because creating a new network from scratch is easier than safely transitioning, without downtime or breaking backwards compatibility, an existing network that secures hundreds of billions of dollars in value.
  - rvz 5y ago
    Are you saying me I should tell users to wait 7 or more years for this desired functionality while they lose more money trying to figure out how to use it? I also don't think there is a cryptocurrency network that is widely used that has operated without network halts, downtime or congestion so I do not expect any network to have such a 'smooth' transition either.
- thebean11 5y ago
  Like which coins? As someone in the industry, I highly recommend taking claims like that with a grain of salt.

kordlessagain 5y ago

People who write articles, submit articles, admin articles and comment on articles can't buy fusion reactors and profit from them. So, we have biases with cryptocurrency. Opinions about unknowable consensus mechanisms aside, I have serious doubts about PoS given there's no clear associated PoW presented alongside the staking. But what do I know? I have grey hairs. I still like Bitcoin and Lightning because the PoW and PoS work with each other to deliver similar functional properties. This is a personal opinion based on reading and trying to imagine how the Yapese managed their stashes of huge coins. Fun fact: One particularly large coin dropped off an outrigger on the way back from being mined and instead of taking it out of circulation, a few of the consensus makers went out and dove on it to confirm it was indeed sitting on the bottom of the ocean floor. I've set intent to go dive it and see it for myself.

happytoexplain 5y ago
>One particularly large coin dropped off an outrigger on the way back from being mined and instead of taking it out of circulation, a few of the consensus makers went out and dove on it to confirm it was indeed sitting on the bottom of the ocean floor. What does this mean? A cursory Googling isn't shedding light on this metaphor for me.
- adenozine 5y ago
  It almost reads like a GPT-3 bot wrote it, I thought I was having a stroke trying to understand it.
  - kordlessagain 5y ago
    I've provided a link to ease your stress.
    - adenozine 5y ago
      It seems rude now, what I wrote. I do apologize, I chose not to overlook a clunky sentence, you did not deserve that! You're a very understanding person for replying this way, despite my remark.

bpodgursky 5y ago

I am 100% confident that the first commercially available compact fusion reactor will win this prize too.

adamsmith143 5y ago

>Compact fusion reactors exist and are functional Functional as in works as intended? Maybe but certainly not functional as in "Useful as powerplants"