Carlo Spiller [ARCHIVE] on Nostr: 📅 Original date posted:2021-06-24 📝 Original message:The key difference here is ...
📅 Original date posted:2021-06-24
📝 Original message:The key difference here is that in PoS the seller of the coin might
still have a vested interest in the network, where in PoW the person you
aquire energy from to mine and mint has absolutely nothing to do with
the network. Anyone with power supply can sell it to you and has no
further interest in what you do with that power. If you don't find a
powersupply, you can build your own.
That is not generically true for PoS. If the seller is still staked with
more coins they hold, they are entrenched in the network and have
"permissioned" you to partake only for what they sold to you. Even
worse, if a super-majority decides to simply never sell, you cannot
aquire significant stake and participate in minting.
Am 24.06.21 um 10:12 schrieb bitcoin-dev-request at lists.linuxfoundation.org:
> Re: Opinion on proof of stake in future
Premise: There is a healthy exchange market for PoS Coin X with tens of
thousands of participants bidding to buy and sell the coin for other
currencies on the market.
If the premise above is true, then there is no significant permission
needed to enter the market for minting blocks for PoS Coin X. If you make a
bid on someone's coins and they don't like you and refuse, you can move on
to any one of the other tens of thousands of people in that marketplace.
📝 Original message:The key difference here is that in PoS the seller of the coin might
still have a vested interest in the network, where in PoW the person you
aquire energy from to mine and mint has absolutely nothing to do with
the network. Anyone with power supply can sell it to you and has no
further interest in what you do with that power. If you don't find a
powersupply, you can build your own.
That is not generically true for PoS. If the seller is still staked with
more coins they hold, they are entrenched in the network and have
"permissioned" you to partake only for what they sold to you. Even
worse, if a super-majority decides to simply never sell, you cannot
aquire significant stake and participate in minting.
Am 24.06.21 um 10:12 schrieb bitcoin-dev-request at lists.linuxfoundation.org:
> Re: Opinion on proof of stake in future
Premise: There is a healthy exchange market for PoS Coin X with tens of
thousands of participants bidding to buy and sell the coin for other
currencies on the market.
If the premise above is true, then there is no significant permission
needed to enter the market for minting blocks for PoS Coin X. If you make a
bid on someone's coins and they don't like you and refuse, you can move on
to any one of the other tens of thousands of people in that marketplace.