31/ PoS weaker security is also evidenced by its need to require a lot more “social consensus” (which is just a fancy word for manual human intervention) than PoW.
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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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Hi Hugo, This thread is really interesting and worth to read. May I translate this into Japanese?
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Yup, please go ahead.
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Thanks!
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Great thoughts! Worst use of tweeter! :)
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Hybrid PoW/PoS (ala Decred) is where the greatest network security lies. All the benefits of both worlds without any of the downsides.
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Both POS and POW require upfront cost.If you fail a POS attack you lose your coins. A failed POW attack does not burn down the mining farm.
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I think what you are missing is the viability of POW in a larger scale and long time
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Guess you havn’t hard about quantum physics yet. Hawking radiation could explain PoS for example. Using natural sciences to explain social (trust) phenomenon can backfire
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You place a lot of faith on your analogy But there are logical gaps all over it. According to it, no system can be more efficient than another. It’s like you’re trying to convince yourself to avoid cognitive dissonance. The lady doth protest too much, me thinks.
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Great great post, thanks for this!
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I'd summarize your tweetstorm as
#Ethereum PoS will solely work because of@VitalikButerin and@VladZamfir and that sounds about rightThanks. Twitter will use this to make your timeline better. UndoUndo
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You can indeed make something out of nothing ...https://www.newscientist.com/article/mg21328472-000-trying-to-make-the-cosmos-out-of-nothing/ …
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Next tweet storm: POW vs POS infrastructure investment and network growth incentive. POW grows infrastructure like nobody’s business. Also: POW post-mining (likely scenarios) vs POS post-mining.
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Can you prove that the current PoW implementations have no exploitable inefficiencies, or are you just talking out of your ass? Kind of seems like the latter.
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