Erik Aronesty [ARCHIVE] on Nostr: 📅 Original date posted:2021-05-10 📝 Original message:personally, not speaking ...
📅 Original date posted:2021-05-10
📝 Original message:personally, not speaking for anyone else, i think that proof-of-burn
has a much higher likelihood of being a) good enough security and b)
solving the nothing-at-stake problem
the only issue i see with a quality PoB implementation is a robust
solution to the block-timing problem.
https://grisha.org/blog/2018/01/23/explaining-proof-of-work/
i do think there *could* be other low-energy solutions to verifiable
timing, just haven't seen one
On Fri, May 7, 2021 at 6:50 PM SatoshiSingh via bitcoin-dev
<bitcoin-dev at lists.linuxfoundation.org> wrote:
>
> Hello list,
>
> I am a lurker here and like many of you I worry about the energy usage of bitcoin mining. I understand a lot mining happens with renewable resources but the impact is still high.
>
> I want to get your opinion on implementing proof of stake for bitcoin mining in future. For now, proof of stake is still untested and not battle tested like proof of work. Though someday it will be.
>
> In the following years we'll be seeing proof of stake being implemented. Smaller networks can test PoS which is a luxury bitcoin can't afford. Here's how I see this the possibilities:
>
> 1 - Proof of stake isn't a good enough security mechanism
> 2 - Proof of state is a good security mechanism and works as intended
>
> IF PoS turns out to be good after battle testing, would you consider implementing it for Bitcoin? I understand this would invoke a lot of controversies and a hard fork that no one likes. But its important enough to consider a hard fork. What are your opinions provided PoS does work?
>
> Love from India.
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
📝 Original message:personally, not speaking for anyone else, i think that proof-of-burn
has a much higher likelihood of being a) good enough security and b)
solving the nothing-at-stake problem
the only issue i see with a quality PoB implementation is a robust
solution to the block-timing problem.
https://grisha.org/blog/2018/01/23/explaining-proof-of-work/
i do think there *could* be other low-energy solutions to verifiable
timing, just haven't seen one
On Fri, May 7, 2021 at 6:50 PM SatoshiSingh via bitcoin-dev
<bitcoin-dev at lists.linuxfoundation.org> wrote:
>
> Hello list,
>
> I am a lurker here and like many of you I worry about the energy usage of bitcoin mining. I understand a lot mining happens with renewable resources but the impact is still high.
>
> I want to get your opinion on implementing proof of stake for bitcoin mining in future. For now, proof of stake is still untested and not battle tested like proof of work. Though someday it will be.
>
> In the following years we'll be seeing proof of stake being implemented. Smaller networks can test PoS which is a luxury bitcoin can't afford. Here's how I see this the possibilities:
>
> 1 - Proof of stake isn't a good enough security mechanism
> 2 - Proof of state is a good security mechanism and works as intended
>
> IF PoS turns out to be good after battle testing, would you consider implementing it for Bitcoin? I understand this would invoke a lot of controversies and a hard fork that no one likes. But its important enough to consider a hard fork. What are your opinions provided PoS does work?
>
> Love from India.
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev