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Global high-performance proof-of-stake blockchain with erasure coding
- Flemlo 1y agoSomeone wanted to fix block chains now we have one more problem XD Btw to add content: exchang between block chains is not a solved problem. Adding more doesn't help
- Animats 1y agoProof of stake: Government of the rich, for the rich, by the rich. Can't anybody do better?
- everfree 1y agoProof of stake isn't a government, it's a network time protocol.
- drdeca 1y agoRuling is done by rulers, and the people who have lots of power are the powerful people. Money can be exchanged for goods and services. If we have no way to determine whether two accounts are held by the same person, so that influence can only be determined by what one has, then it should behave the same pattern I would think.
- packetlost 1y agoYes. Proof of Logits.
- weregiraffe 1y agoYou can use weapons. Let's call it Proof of Ammo.
- tonyhart7 1y agobut that just how life goes
- wmf 1y agoProof of Eyeball —sama
- sph 1y agoYes, see the Bitcoin white paper ;)
- kinakomochidayo 1y agoI don’t think Bitcoin whitepaper talks about ASIC monopoly and economies of scale :D
- bawolff 1y agoDepends on what properties you want your system to have. For some properties yes, for others no. Of course anyone can come up with something new at any time.
- up2isomorphism 1y agoProof of stake is exactly a scam.
- drdeca 1y agoYou seem to be using the word “scam” in an unusual way. What do you mean by it?
- bracketfocus 1y agoWhat’s with the hate for proof-of-stake? Seems like the hate is directed towards the fact that those have more to stake, benefit more. Can’t the same argument be made about proof-of-work? Those who have the ability to buy more compute, also benefit more. Instead of buying GPUs/ASICs for mining you’re buying into the network you’re trying to secure.
- Mistletoe 1y agoIt’s just ignorance pure and simple. Proof of stake means you don’t enrich chipmakers and electric companies on the way to your security.
- proxynoproxy 1y agoNah you just enrich the founders who did nothing except print all the tokens out of nothing. PoS is worthless, it came from nothing, it is worth nothing.
- wmf 1y agoI suspect it's tribalism with layers of rationalizations on top.
- sph 1y agoCapital (stake) can be accumulated infinitely, without friction, and usually the more you have the more its value accelerates upwards. Work can be increased, certainly, but you pretty much hit major physical blocks to its increase, whether it’s productivity, lack of capital, energy costs, competition finding new ways to do the same work for less cost. Really, the parallels to real world wealth disparity are reflected in why proof-of-stake is just a bad idea, unless you are one of the “1%” of crypto mining, then you just have to sit and wait for your stake to increase indefinitely. Then why not lend it for interest? You can get it to grow even faster. Whoops, we have reinvented the global economy and the wealth disparity.
- D13Fd 1y agoWith proof-of-work, we as a society are doing insane things like burning large amounts of fossil fuels on a warming planet just to ensure people don’t cheat at various distributed spreadsheets. Even if you don’t participate in crypto, those who do are polluting your environment, increasing your electricity costs, and generally making the planet worse all to run their distributed spreadsheets With proof-of-stake, all of the annoying crypto folk are basically harmless. They generate near zero economic value (moving money from place to place, which can be accomplished without crypto) but they don’t hurt anybody except for other crypto folk.
- tetrisgm 1y agoGenuinely asking: do people here still care about blockchain? I used to work in the space, I’m not trying to be nasty. Just that it seems the interest has vanished
- 0xOsprey 1y agoYes https://www.cnbc.com/2025/02/04/stripe-closes-1point1-billion-bridge-deal-prepares-for-stablecoin-push-.html https://www.cnbc.com/2025/02/04/stripe-closes-1point1-billio... https://cointelegraph.com/news/tether-us-treasury-holdings-surpass-germany-q1-2025 https://cointelegraph.com/news/tether-us-treasury-holdings-s...
- crq-yml 1y agoThere's a quiet rumbling left over and doing more background development, trading is still taking place. The major impasse is really with "what's the framing for this invention now" - the invention is still interesting but it isn't a good technology until you have established a motive to depend on it at scale. The flood gates are opening to do things with blockchains again in the US, although the motive for that is "more scams".
- tetrisgm 1y agoIt feels like they are still searching for demand and a use case. Having made a lot of tech in the space and in ipfs, I find that all the things it’s good at are just more readily accepted when in web2
- ycui1986 1y agoit is because we are not at the top of this bull market. When crypto hits Hacker News front page every other day, then you it is the peak of the bull cycle. Happened every time in all past cycles.
- proxynoproxy 1y agoI don’t think this is anything like past cycles. Blackrock and Nations be playing this time. Stack accordingly.