1/ What is handwaving & sloppy thinking is ignoring subtle but important differences between PoW & PoS. Such as the *degree of social consensus required* - in terms of both magnitude & frequency.https://twitter.com/killerstorm/status/1044522585663447040 …
What do you expect? They are engineers
No offense to academics, but from what I've seen, the engineers have a *much* better grasp on Bitcoin fundamentals than most academics (even CS researchers), and the engineers are rightfully conservative when it comes to make-up metrics.
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If I have to choose whom to trust, I'd choose the engineers. Any day. Now that's not to say that's there's no quality research in crypto. I'm particularly a big fan of
@random_walker . http://randomwalker.info/publications/mining_CCS.pdf … -
Speaking of
@random_walker, his most recent paper formalizes the problems with PoS, from the aspect of pseudorandomness. Doesn’t surprise me one bit. Although he seems to still give PoS some benefit of the doubt
https://twitter.com/random_walker/status/1043552710086340609 …
End of conversation
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