[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 175 KB, 1098x1396, Untitled.png [View same] [iqdb] [saucenao] [google]
21242890 No.21242890 [Reply] [Original]

The entire value proposition of decentralized commerce is destroyed when a network becomes Proof of Stake.

>PoS chains will naturally centralize validation among exchanges, ETFs, and other custodians resulting in chains secured by the easiest companies to regulate.

They will have the ability to regulate the network by owning the majority of staked tokens.

>> No.21243138
File: 144 KB, 1024x762, a1a.jpg [View same] [iqdb] [saucenao] [google]
21243138

I propose proof of fren
Every node on the network must be a fren. On every new block the reward is given to a fren based on how many frens they have

>> No.21243169

They have less than 1% of ethereum supply
Medalla is working great
Get fucked

>> No.21243183

>>21243138
This might work. $FREN

>> No.21243190

>>21242890
daily reminder that this could be absolutely true but you would be retarded to sell right now for this reason.

>> No.21243232

>>21243169
72,000,000 tokens were premined on ethereum

>> No.21243247

>>21242890
I swear him and Tual fucked Eth release over. Prior to them it was "smart contracts" - then they came along and turned it into "Decentralize Everything" and "World Computer". Then all the brainlets showed up wanting to program 2D RPGs on it.

>> No.21243316
File: 209 KB, 345x358, Screen-Shot-2018-10-24-at-10.33.26-PM-1-345x358.png [View same] [iqdb] [saucenao] [google]
21243316

The best incentive is no incentive.

>> No.21243338
File: 109 KB, 918x628, Untitled1.png [View same] [iqdb] [saucenao] [google]
21243338

>>21243247

>> No.21243350
File: 298 KB, 1170x1172, 8525BCF8-4A09-4C2B-A6E6-37A263F31750.jpg [View same] [iqdb] [saucenao] [google]
21243350

>>21242890
>PoS is dead on arrival.
You mean Ethereum’s shitty attempt is.

>> No.21243362

>>21243316
OOOOOOOOOHHHHHHHooooohhhhhhhhhhhHHH

>> No.21243380

>>21242890
>Gupta
its fucking over for eth lmao

>> No.21243398

>>21243338
Based Nick - he follows me on Twitter but no one here will believe this.
Most think he's an acidic maximalist but he was mildly pro Ethereum in the beginning and showed interest. Not hostile at all in the way blockstream was.

>> No.21244139

>>21242890
wrong, people are going to prefer decentralized pools rather than exchanges, and people with enough eth are going to run pool nodes.
It's going to be glorious

>> No.21244376

>>21243138
$FREN 4 LYFE

>> No.21244505
File: 1.16 MB, 3374x670, 21DA095F-22F3-47DE-BE11-27B3357BBFB0.jpg [View same] [iqdb] [saucenao] [google]
21244505

IM SO FUCKING EXCITED FPR YOU GUYS YOU HAVE NO IDEA

>> No.21244533

>>21242890
Cope more

>> No.21244588

>>21242890
Lmao look at that guy. Is that a human?

>> No.21244674

>>21242890
Bitcoin is run by 10 mining operations with 60% of hashing power under the direct control of China. You need exogenous specialized hardware to mine efficiently and the people who create them have no incentive to sell them to you until they’ve used them a 18 months and made something better...that they also aren’t selling to you. PoW is very prône to centralization and miners are mercenaries whose interests are not aligned directly with long term holders. All that hashing power to determine who suggests the block...when PoS can do that simple task for a tiny fraction of the energy costs.

>> No.21244910

>>21242890

sanjay acting like protecting free speech is a bad thing. You just know he was bullied as a kid.

>> No.21245152

>>21244910
he's white-indian, hybrids always have problems with identity