3 ms·

I'm not convinced proof-of-stake works at all: https://yanmaani.github.io/proof-of-stake-is-a-scam-and-the-people-promoting-it-are-scammers/ https://yanmaani.gi

I'm not convinced proof-of-stake works at all: https://yanmaani.github.io/proof-of-stake-is-a-scam-and-the-people-promoting-it-are-scammers/ https://yanmaani.github.io/proof-of-stake-is-a-scam-and-the-... It's almost certainly better for the environment / our continued existence than proof-of-work, if we must suffer cryptocurrency, but I don't trust people who were willing to continue to engage with proof-of-work for years to create an ethical (or even functional) alternative.

thebeastie 4y ago
For anyone who might be concerned by the claim here; it’s really a political argument and not a technical one. Proof of stake as implemented by Ethereum makes a tradeoff which requires some small amount of trust (to identify the correct chain more quickly) which does not create a centralization risk. But this is always the way; leveraging trust where appropriate can allow great increases in efficiency, this is how society works, so you have a political spectrum where Ethereum is “responsibly pro social” and Bitcoin is still a kind of super trust less money with enormous energy costs to enable this somewhat superficial security property.