30/ PoS might be mildly interesting without being as secure as PoW. But I don’t really see the point. If you compromise on ledger security, you compromise on what makes blockchains special in the first place.
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42/ Continued debate with Vitalikhttps://twitter.com/hugohanoi/status/952712190808608768 …
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44/ A deep dive into PoW & extending the energy argumenthttps://twitter.com/hugohanoi/status/957091071745433601 …
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Lightbulb vs LED = Same Lumens... Less power. (mike drop)
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That’s different because in Lightbulb vs. LED case there are exploitable inefficiencies, whereas every hash in PoW goes to secure the ledger. One hash mined == one hash harder to revert. One joule of energy != one joule of photons released.
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Insightful post. But your second point sort of disproves your first point - the massive social consensus IS the energy that is required to secure the network.
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More social consensus = more vulnerability. That's kind of the point.
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Wow thank you for this not too short but well written tweet!
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I'm not sure if you've ever seen PoS
$NXT and now NXT 2.0 ARDOR$ARDR they've had PoS since 2013, used to be the #3 coin, first ICOs, they are a great example of PoS that does work, not ETH@Jelurida@ArdorPlatformThanks. Twitter will use this to make your timeline better. UndoUndo
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Nice thread. If you’re in NY you should come at CryptoNYC we’re having that discussion sometimes next week. /cc
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Absolutely agree. I would also add that the game theory works for PoW but it doesn't for PoS.
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What about
#hashgraph? -
Absolutely great point of view.. But yes what about new tech like
#hashgraph?
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Dear sir, are you Vietnamese men? From Vietnam with love.
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Thank you for sharing your knowledge. Well written and precise! 1000 bits
@tipprbot -
I've transferred your tip of 0.001 BCH ($2.58243 USD) to hugohanoi!https://twitter.com/tipprbot/status/944091082480078848 …
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Biased, uninformed, subjective, superficial, unnecessarily long, unnecessarily dumbed down, ineffective attempt at propaganda. Next time just fork the opinion of someone who actually has a point and call it litepoint.
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PoW can withstand the worst but can we withstand PoW? Also the human social machine is rather costly, though unpredictable.
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Can I ask for your thoughts on dBFT vs PoW and vs PoS?
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