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23161931 No.23161931 [Reply] [Original]

Does Proof of Stake even fucking work?

>> No.23161941

not on ethereum

>> No.23161962

Yeah I did not say it would work. Perhaps the question contained the phrase will it work but I did not hear that when it was asked.

>> No.23161974

>>23161931
With smart contracts: hopefully.
Without them: no.

>> No.23161986

>>23161931
It's not live on Ethereum yet, but yes, it does work.

>> No.23161994

>>23161962
>Perhaps the question contained the phrase will it work but I did not hear that when it was asked.
I thought this part was made up but he literally said that KEK

>> No.23162032

And how is PoS not inflationary?

>> No.23162079
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23162079

>>23162032
thanks, just shorted everything

>> No.23162409

>>23161931
Yes. Not for securing networks better, but for curbing volatility. It favors holders over traders. This lowers volatility, thus making it more stable and thus a better investment for more poeple.

People who say it doesn't work better to secure networks are right. People who says it doesn't work or is useless are just seething swingers

>> No.23162539

>>23161974
>>23162032
>>23162409
THE ABSOLUTE STATE

>> No.23162553

>>23161931
No.
>see Dash

>> No.23162608

>>23161931
Biggest problem with Ethereum:
No upper limit on supply (BTC solved this...)
Inflation baby... fiat trash.

>> No.23163068

>>23162608
Not really a problem as long as inflation is kept at a very low rate (which it will be). Bitcoin will keep inflating for many many years to come too.

>> No.23163477

>>23163068
>Confusing inflation with gradually reaching the specified market cap and disregarding tokens burned via lost wallets
>Good thing they can print more BTC
>Oh wait

>> No.23163615

multiclient testnets have been pos for months now, staking was never the problem, it's sharding that they haven't entirely solved yet
>>23162608
how many more halvings can bitcoin handle? do you see the price at least doubling every 4 years?

>> No.23163682
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23163682

>>23161931
It worked out pretty well for EOS

>> No.23163707

>>23163477
> t. retard
If the FED hard capped the USD supply at 100x the current supply there would still be inflation.
> Good thing they can print more BTC
They? Do you mean the people who hold BTC? "They" can print more BTC if there's concensus. The same way the people who hold ETH can decide the inflation rate of ETH. You can fork ETH into 0% inflation or even deflation if that's what you want.
> disregarding tokens burned via lost wallets
This happens to ETH too, brainlet.
Staking results in net zero inflation as long as you stake your ETH, e.g.
> you stake 1000 ETH and staking inflation is 0.5%/year
> after one year the circulating supply is 0.5% higher but so is your share of the network (actually your share is slightly higher than 1 year before because not everyone is staking)
In other words, the purchasing power (inflation) of your ETH will be constant or increasing slightly as long as you stake your ETH.

>> No.23163767

>>23161931
How much Kleros to sue Vitalik? Would be block it? SEE YOU IN KLEROS COURT.

>> No.23163789

>>23163707
Sure, so as long as you make your crypto unusable it doesn't become any more devalued.

I can see why I'm the brainlet.

>> No.23164757

>>23161931
see the binance chink chain
fast but centralized

>> No.23164812

maybe the fucktard Justin sun can help Vitalik figure it out