OMG—everyone who cares about Proof-of-Work mining needs to read the entirety of https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b …. There are many major truth bombs in there. This is going to force me to rethink a lot.
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Replying to @VitalikButerin @zooko
The question is: who invented proof of stake and what is he working on right now?
@ercwl2 replies 2 retweets 28 likes -
@c___f___b invented PoS I think, in NXT. He is working on IOTA now. Why?4 replies 1 retweet 24 likes -
Replying to @ercwl @SteenhuizenLind and
Lots of people invented PoS, even me.
6 replies 1 retweet 23 likes -
but did
@bytemaster7 perfected it with#DPoS ?
2 replies 0 retweets 3 likes -
I think he screwed it up a little bit. Nobody stakes in DPoS. You just vote the participants in and out of a private blockchain.
3 replies 0 retweets 9 likes -
the voters who vote for BPs stake their
$EOS tokens.1 reply 0 retweets 1 like -
No they don't. They lock them for 3 days to vote and after that they can sell them. So who has anything at stake when a BP goes rogue?
1 reply 0 retweets 2 likes
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