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/biz/ - Business & Finance


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50524317 No.50524317 [Reply] [Original]

>> No.50524327

>>50524317
swap the pictures and this > to this < and we are okey

>> No.50524342

>>50524327
POW is just POS with extra steps

>have to invest gpus to mine
>more gpus more mining
redundant version of POS

>> No.50524344

>>50524327
learn english retard

>> No.50524345

>>50524327
what are some cool PoW chains?

>> No.50524348

>>50524317
Top is fun to bounce against, but bottom will clamp down on your cock.
>no verification needed.

>> No.50524350

>>50524317
Proof of stake benefits insiders

Proof of work is neutral

>> No.50524366

>>50524350
how does PoS benefit insiders but PoW doesnt

>anyone can buy tokens, much like anyone can mine.
its the same neutral

>> No.50524375

>ITT: fags who didn't get to mine eth for the last 6 years.

Cope

>> No.50524415
File: 27 KB, 738x276, 1655142472665.png [View same] [iqdb] [saucenao] [google]
50524415

Most Proof of Stake is scam :)

>> No.50524421

both terrible looking asses. 1st is fat, second looks deformed and ugly like she was in a coma for 10 years. glad im not living in america.

>> No.50524432

>>50524317
Top woman
Bottom tranny
You can tell by the hips

>> No.50524464

>>50524432
whats this hole in the back, tranny expert?

>> No.50524478

>>50524317
Proof of work is like a virgin stacy. Proof of stake is like a slut that might give you a std.

>> No.50524496

>>50524366
If you have more tokens you have more power over the network. It's the same as the fiat system

>> No.50524521
File: 368 KB, 1337x1337, 1599249550030.jpg [View same] [iqdb] [saucenao] [google]
50524521

>>50524345
bitcoin
>>50524342
you need asics to sufficiently mine btc
if governments decide to 51% a POS they only need to buy the 51% amount of staked tokens to do so.

On the other hand, ASIC yearly production is a sliver compared to the ASICs running right now.

cope
>>50524344
sneethe

>> No.50524527

>>50524496
so if you have more gpus?..
satoshi was a retard nigger bitch and never anticipated pooling.
centralization is inevitable

>> No.50524565

>>50524521
Why couldn't a government make asics in secret?

>> No.50524661

>>50524565
pretty sure nvidia and amd did things like this in secret and are mining all the time.

>> No.50524695

>>50524317
Big asses are for niggers just like PoS

>> No.50524714

>>50524317
both smells great i bet

>> No.50524761
File: 165 KB, 1080x1963, Screenshot_20220723-084456_Edge.png [View same] [iqdb] [saucenao] [google]
50524761

>>50524345
Bitcoin(SV)

>> No.50524799

>>50524366
PoS ensures the people at the top remain at the top.
PoW allows for competition since it embraces Moore's law. People at the top need to constantly improve to stay there.

>> No.50525056
File: 241 KB, 960x715, ft8vxf8uwhz61.png [View same] [iqdb] [saucenao] [google]
50525056

>>50524345
Out of all the current PoW, Ergo holds the most promise since it's attempting private smart contracts, alongside Flux. Ravencoin has memecoin power and nft's; some real estate company has already started using RVN to tokenize properties.

>> No.50525097

XBC (bitcoin plus) is still the best PoS chain. Nobody knows about it. It's hard to find an exchange.

But...

Read my lips: 20%.
And only 1 million total supply, ever.

>> No.50525133

>>50524521
>bro just buy 51% of the supply and make everyone rich in the process

>> No.50525185 [DELETED] 
File: 132 KB, 633x590, goru.png [View same] [iqdb] [saucenao] [google]
50525185

>>50524317
Proof of Stake literally means the rich get richer. Fuck this shit. Also it incentives money-printing when incorporated in a CBDC and will thereby create a hyper-inflationary feedback loop. It's cancer. It solves nothing and only make our problems much worser. But hey, at least degenerate groomers get to use the women's bathroom now.

>> No.50525218 [DELETED] 
File: 390 KB, 506x602, Skärmavbild 2022-07-23 kl. 18.24.35.png [View same] [iqdb] [saucenao] [google]
50525218

>>50524317
Proof Of History

>> No.50525328
File: 300 KB, 614x307, Capture-23-614x307.png [View same] [iqdb] [saucenao] [google]
50525328

>>50524799
PoS is the future though. Bitcoin will be obselete once quantum computing overtakes Moore's law. PoW will be secure against quantum hacking, but BTC transaction speeds, etc. will be a joke when PoS adopts qubit tech

BTC's days are numbered

>> No.50525353

>>50524521
Governments will just force existing mining farms to do their bidding / buy up their ASICs for a lot of money. That's the only reason these mining pools exist, to make money. Give them more money -> they mine for you. The few idealists don't make up any meaningful hash power.

>> No.50525417

>>50524521
>buying 51% of eth easier than making some asics
basically impossible to buy 51% of eth

>>50524496
>If you have more gpus you have more power over the network

>>50524799
>PoW allows for competition since it embraces Moore's law. People at the top need to constantly improve to stay there.
you mean people need to buy more gpus with their mining gains to keep %, HMMM sounds just like staking to me anon

>> No.50525460

>>50524317
niggers

>> No.50525496

>>50525133
If everyone is ritch no one is ritch

>> No.50525499
File: 147 KB, 750x447, 95AC0475-D224-4AB3-8838-95A5187EA0F0.jpg [View same] [iqdb] [saucenao] [google]
50525499

>>50524317
Proof of stake is just FIAT money with extra steps
If someone else can vote network proposal and change tokenomics without your consent, then it doesn’t work

>> No.50525519

>>50525328
quantum computing is a scam
>BTC's days are numbered
I agree

>> No.50525537

POS is a a form of parsitism.

>> No.50525577

https://www.youtube.com/watch?v=J4jQaCVQgKY

>> No.50525678
File: 135 KB, 1200x800, quantum pc masterrace.jpg [View same] [iqdb] [saucenao] [google]
50525678

>>50525519
ok boomer. whatever you say, ok???

>> No.50525722

>>50524317
the top is fake and gay

>> No.50525767

finally a non-jeeted thread on biz

>> No.50526652
File: 31 KB, 376x384, 1630092384401.jpg [View same] [iqdb] [saucenao] [google]
50526652

>>50524345
Monero, also CPU mining no GPU to improve decentralization.

>> No.50526686 [DELETED] 
File: 65 KB, 750x738, 1658588940256166.jpg [View same] [iqdb] [saucenao] [google]
50526686

>>50524317
PoT > PoS

>> No.50526803

>>50525499
PoS ≠ on chain governance.

Changes to the protocol under PoS are done exactly the same as under PoW (through BIPs and then social consensus through nodes)

>> No.50527731
File: 8 KB, 256x256, 1658187817373348.jpg [View same] [iqdb] [saucenao] [google]
50527731

>>50524521
>the government is going to buy trillions of a shitcoin and pump my bags to attack the protocol
lovely retardation, to do so is an impossibility
I can easily assume the same level of retardation with electricity subsidies to miners (as they are doing right now) and how fucking centralized your shitass system is.
PoS will win because kikes will see to it, have fun betting against kikes who have controlled the world for the past 200 years

>> No.50528978

>>50524342
>>50524317
you fucking retards don't understand
PoW requires active vested interest in the project, participation in a security arms race
PoS literally automates the rich-get-richer at the protocol level - it's a death-sentence for crypto
you really don't think every blackrock won't just buy a massive amount of eth to stake and then perpetually dump on your retard retail faces because THEY LITERALLY GET FREE MONEY JUST FOR OWNING MONEY
jesus christ

>> No.50530570
File: 9 KB, 194x259, wrong.jpg [View same] [iqdb] [saucenao] [google]
50530570

>>50524415
this

>> No.50530638

>>50528978

The "buy attack" is FUD, go read our savior Satoshi.

"When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It’s great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices." .- Satoshi Nakamoto

>> No.50532565

>>50524366
>>50524521
>>50525133
>>50525417
>>50527731
>>50528978
>>50530638
From an economic perspective borrowing makes way more sense than buying if you want to attack a PoS chain. Nobody would buy an asset just to make it lose value.
Look at lido to see how it's done.
If you cannot borrow enough stake to perform a double spending attack, just do a little front running and some reorganization attacks.

>> No.50532832
File: 239 KB, 1200x512, usd.jpg [View same] [iqdb] [saucenao] [google]
50532832

niggas don't know about Proof of Violence.

>> No.50532885

>>50524317
>POS

Doesn't work unless parties staking borrowed coins (like exchanges) are heavily regulated by the state. Here's an example of the type of fuckery attackers can engage in when they have enough of the network under their control

https://bitcointalk.org/index.php?topic=897488.msg10182752#msg10182752

>> No.50532891

>>50524521
all men

>> No.50532919

>>50524345
KDA
Biz slept on it and fomod in so late heh

>> No.50533085

>>50524317
Incorrect. Proof of Stakes has no bottom because there is nothing backing it. Proof of Work has clear bottom because it's the cost of electricity.

>> No.50533152

>>50524317
Top pick is for Men. Bottom pic is for faggots

>> No.50533470
File: 3.98 MB, 480x260, rucoy-highlander.gif [View same] [iqdb] [saucenao] [google]
50533470

>>50524761

>> No.50533481

>>50525218
Proof of Steak

>> No.50533667

>>50524345
kadena, literally the future

>> No.50533681

>>50533667
Good morning sir.

>> No.50533700

>>50533681
?

>> No.50533780

>>50530638
thats why a buy attack is preceded by a sell attack dummy. What, you thought they dont own huge amounts already?

>> No.50533813

>>50532832
No, that one is also POS (Proof Of Slavery).

>> No.50533819

>>50524317
Both these asses are terrible.

>> No.50533883

>>50524317
I'd still bang both, I'm so lonely and horny all the time, bros.

>> No.50534007

>>50524345
Snowblossom

>> No.50534210

PoS is less secure than PoW by a factor of infinity. if you are going to make something that is going to function a value and money for the entire world you cannot compromise on security

>> No.50534963

>>50527731
valid point, I always try to go with the most logical decision and usually exclude the jew variable.

>> No.50535236

>>50524317
Checkout KeKchain on tg
PoS blockchain on the works

>> No.50536175 [DELETED] 
File: 6 KB, 187x250, scdnfk.jpg [View same] [iqdb] [saucenao] [google]
50536175

>>50524317
> Proof of randomness

>>50524799
Proof of steak > proof of bacon

>> No.50536225

>>50528978
>you fucking retards don't understand
it is you that doesnt understand

PoS requires active vested interest in the project, participation in a security arms race
PoW literally automates the rich-get-richer at the protocol level

see what i did there?

>> No.50536253

>>50530570
99% of /biz/ does not know this man’s face, but they will. wagmi

>> No.50536295

PoS supporters, can you explain how it actually works?

The problem that is supposed to be solved is, given two blockchains, how do you tell which one is the right one?

With PoW it's easy, choose the one with the highest total work. You can't fake work, you HAVE to put in the total computation resource spend.

With PoS, how do you do it? There is no work so you can construct multiple blockchains that all look legitimate.

>> No.50536346

>Fat girl versus inactive girl

both shit.

>> No.50536572
File: 64 KB, 940x1024, where the white womyns at.jpg [View same] [iqdb] [saucenao] [google]
50536572

>>50536346
sometimes i wish i were a low IQ nigger because they seem to appreciate women more. i, on the other hand, tend to be repulsed by just about everything they are and do

>> No.50537169

no wonder you're all so poor after a decade of the easiest money we've ever seen

proof of work will only work long term for bitcoin, as it's a winner takes all market for energy when mining efficiency approaches reasonable limits
for everything else, proof of stake will have to do. not as secure, has a long term centralizing effect (opposite to proof of work), but is orders of magnitude better than what you get with a minority proof of work blockchain.

proof of stake is just proof of work with more complexity/restrictions to prevent everyone from engaging in the work, while proof of work is open to the entire universe, to secure it for minority blockchains/energy users proof f stake needs to add these limits to prevent the scale of competition, and (artificially) increase security.

>> No.50537205

>>50536295
given any blockchain looking to or using proof of stake has leadership to tell everyone what chain is the Real [Name]™, it's not a problem.
the real problem comes from contentious forks and disagreements. under proof of work, you have to make a choice, in proof of stake, those legitimate forks can last forever with little security discrepancy from the original.

>> No.50537229

>>50536295
>The problem that is supposed to be solved is, given two blockchains, how do you tell which one is the right one?
the PoS algo will tell you which one is right, much like the PoW algo verifies the work.

learn how PoS works, mostly the majority of nodes vote each block. so easy to verify which is still the legitimate one, follow the highest votes

>> No.50537872

>>50537229
Exactly. PoStards can't even explain their shitty algorithm. It should be illegal to call PoS cryptocurrencies blockchains.

>> No.50538015

>>50524317
More like Proof of Cope.

>> No.50538041

>>50533085
Cost of production does not equal what someone is willing to pay. It takes me effort to make shit but no one will buy it.

>> No.50538116

>>50538041
Lower bound of the price is determined by the seller not the buyer.

>> No.50538159

>>50524317
sauce for top?

>> No.50538294

>>50524317
Nigger

>> No.50539595
File: 66 KB, 648x598, l-hsbj7EbED-ZqH4OGH24HtzHyhxypQsQ5lBxGqHdvihfBley8fv9Sp1RUFgCRAbOqn04Gdxv9QlKCHJQaP1nf89.jpg [View same] [iqdb] [saucenao] [google]
50539595

>>50524317
yo
anons, explain me like am a child, I want to use SKALE instead of ether, but it's all pretty hard to make sense in this shit.
Like, what exactly is skale better than ether?

>> No.50539795

>>50524317
Piece of Shit
vs
POW!!

>> No.50539826

>>50524345
bitcoin you filthy degenerate

>> No.50539851
File: 25 KB, 700x371, azMKmqx_700b.jpg [View same] [iqdb] [saucenao] [google]
50539851

>>50526652
>Private
>Secure
>Untraceable
Sounds more like Railgun

>> No.50539864

This thread really opened my eyes to the sheer retardation and lack of understanding that is widespread on this board. You fuckers don't even understand governance or consensus you just parrot retarded FUD.

>> No.50540013
File: 345 KB, 1280x1280, file.png [View same] [iqdb] [saucenao] [google]
50540013

PoC (proof of capacity) is where it's at. Where my PoC chads?

>> No.50540087

>>50534210
>you cannot compromise on security
Based. One of the reasons why I have a major preference for L1 based protocols.

>> No.50540615
File: 31 KB, 634x423, priavcy_im.jpg [View same] [iqdb] [saucenao] [google]
50540615

>>50540087
More relevant in privacy based protocols. There is an inherent security that comes with L1s

>> No.50540722

>>50540615
I would say an L1 with a quantum resistant blockchain as come with POR which is best of both worlds of POS and POW. A Eco-friendly approach to mine the tokens with a mobile phone or with a raspberry pie and its the best imo.

>> No.50541585

>>50540722
I've always been open to a coin I could mine with my mobile phone. Pi was literally shit so it would be a relief to mine something valuable. WTF is POR by the way?

>> No.50541977

>>50541585
POR is Proof of randomness and as I said earlier it's an eco-friendly approach to mine. Once the project is live many projects will adopt this tech for sure.

>> No.50542032

>>50524317
fuck off vitalik and your piece of shit spam

>> No.50542045

>>50528978
>PoS literally automates the rich-get-richer
Ever noticed you need to join centralized pools? The rich kids are dumping btc to pay their bills. Not so much with pulsechain, anyone can delegate his coins directly from his wallet.

>> No.50543380

>>50530570
>>50536253
Soon your day will come farmers

>> No.50543399

>>50524345
KDA >>>>>> other cryptos