4 ms·
I would argue that PoW participants still need to "ask others", albeit for different kinds of information - - For starters, if say I'm accepting a BTC payment,
by dlubarov 4y ago
I would argue that PoW participants still need to "ask others", albeit for different kinds of information -
- For starters, if say I'm accepting a BTC payment, I need to ask a trusted source about the market value of BTC.
- I need to ask which software I can trust to implement the Bitcoin protocol.
- If I don't want to verify every transaction from the genesis, I need to ask for a checkpoint.
- In case I'm being eclipsed, I need to ask whether the chain I'm seeing is the canonical one, or what approximate hash rate the canonical chain should have.
- Geee 4y agoThose things have a single truth, on which social consensus converges on. PoS doesn't have this single truth, and thus it's incapable of converging on it. "call a friend"-consensus fails when there are disputes.