"As PoS merely involves the temporary lockup of existing capital and does not consume said capital, it does not satisfy the unforgeable costliness requirement" - @hugohanoi
Excellent post!https://medium.com/@hugonguyen/work-is-timeless-stake-is-not-554c4450ce18 …
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Yes. That falls under wishful thinking. It also runs counter to your own logic economically, especially considering the nature of already distributed technology. Seizure is also not a requirement for asset control. Point is there are ”off-chain” security issues on both ends.
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Viktor, I don't see how you've responded to Hugo on the point of differing risks? He's saying in the failure case with PoW, miners still can't easily rewrite history.
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I am not saying the risks are same. I am saying that he applies burden differently -> illogical. I said other things too but there characters are limited and you make me use them wastefully.
End of conversation
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