1/ Nice to see more in-depth articles investigating the extremely important role randomness plays in blockchains
h/t @aparnalocked
However, IMO this analysis of randomness is incomplete
https://www.tokendaily.co/blog/randomness-in-blockchains …
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7/ Naive randomness mechanisms in PoS protocols do not give you either of these protections. PoS inevitably requires the intervention of trusted 3rd parties and significantly increases the social attack surface. In other words, PoS is nowhere near as trust-minimized as PoW.
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8/ In summary, randomness in PoW solves *two* crucial problems: a/ Leader-election b/ Unforgeable costliness Leader-election is only half the battle, arguably the less important half.
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9/ P.S. For a list of my writings on the problems with PoS:https://twitter.com/hugohanoi/status/1021831408489136128 …
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End of conversation
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I would argue that this holds only when minority is dishonest. POW also requires social intervention. Read more here to understand why:https://medium.com/mechanism-labs/finality-in-blockchain-consensus-d1f83c120a9a …
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