Why do proof of work systems ramp up the difficulty of hash solving while keeping latency constant, instead of keeping difficulty constant while nodes compete to reduce latency? The later seems more useful, and not inflationary.
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If edge nodes can verify, then you don't have to "trust" miners, because you can see double spends yourself. If edge nodes can't verify, then miners can conspire to do as much double spending as they want, unless I'm misunderstanding what you're suggesting.
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There is of course the open question as to whether edge nodes will ever be able to verify a real, functional world-wide transaction system anyway. But in order for any of these cryptocurrencies to have a point, we have to assume that the goal is that they can.
End of conversation
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When a tx is sent it goes to miners, but the funds are irreversibly transferred from one peer to the other, unlike a bank. This spares the expense of trusting a 3rd party. (For those that only saw this tweet in the thread)
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