PoW vs Pos

[Anonymous No.51523509]

PoW: security is measured in how expensive it is to mine a block, the more expensive, the more secure.

PoS: security is based on token price

I can argue that electricity has fundamental value, I cannot argue that a token does. We’ve gone right back to fiat.

[Anonymous No.51523617]

PoW is just expensive and literally the definition of sunk costs.

PoS is always the best way to go. Even if you say "MUH IT'S MORE INSECURE", you completely forget that crypto has insane amount of flaws tbw

[Anonymous No.51523639]

>>51523617

ETH would “function” just as well at $1 as it would at $1000 per token.

BTC the higher the price the more attractive it is to mine and the more processing power thrown at it, the more secure it becomes.

[Anonymous No.51523740]

>>51523509
Miners can fail and go out of business. Major stake holders don't have to compete against anyone and have no operating costs.

PoS is not sound money, its tokens are not a commodity. It's a security.

[Anonymous No.51523793]

>>51523617

buying initial stake in PoS may be similar to buying an ASIC in PoW, but mining a chain has a real cost (electricity) in PoW. In PoS there's no cost to mining, so validators have an incentive to stake all possible forks. There's no way to have consensus on the correct chain, because real resources haven't gone into building one up.

[Anonymous No.51524148]

>>51523509
>51523509
POW fags have ETH classic. GO BACK!

[Anonymous No.51524179]

>>51524148
ETH doesn't scale as PoW and never will. It was doomed to PoS from the beginning.

[Anonymous No.51524331]

>>51523617
The cost of the mining values the bitcoin.

[Anonymous No.51524374]

[Anonymous No.51524378]

>>51523509
MONERO

[Anonymous No.51524457]

>>51523509
>>51523617
>>51523793
>>51524148
>>51524179
>>51524374
https://decrypt.co/110107/sec-ethereum-us-jurisdiction

mETHheads, explain yourselves.

[Anonymous No.51524526]

>>51523509
PoW - bezos cant steal your money
PoS - bezos can steal your money

thats why PoS is the future

[Anonymous No.51524720]

>>51523509
Proof of Work and Proof of Stake are Sybil Control mechanisms, by itself they say nothing about security, decentralization or efficiency.
Its basically just Spam Protection to prevent someone from 51% attacking the network.

[Anonymous No.51524788]

you're overthinking it. proof of work is the fundamental system.
every other proof system at it's core level is proof of work, just with many extra steps

proof of work is the purest, most distilled representation of fraud prevention by requiring you solve a problem in any way you like, you just have to solve it.
there's no restriction on who can solve it
there's no need to identify yourself before solving it
there's no limit on how many people can be simultaneously solving it
and there's no artificial delay before you can start solving problems

proof of stake is proof of work only instead of being an open system, you first have to register and meet whatever arbitrary registration requirements there are. then you have to wait your turn before you can participate.

[Anonymous No.51524890]

>>51523509
I remember trading my first bit of crypto in January 2014 and it was already a bunch of people that didn't care about the tech and just there for money. But compared to now it was like they were accredited investors. Two fucking dog coins in the top 10, two fucking stablecoins, crypto is seriously a joke.

[Anonymous No.51524916]

>>51523617
What if any blockchain could be as secure as PoW ETH?

[Anonymous No.51524919]

>>51524788
sorry but thats wrong, see >>51524720

>proof of stake is proof of work only instead of being an open system
Avalanche is permissionless and is Proof of Stake.
>you first have to register
not on Avalanche which again is Proof of Stake.
>and meet whatever arbitrary registration requirements there are.
there are none, you can run your Validator node however you want. all you have to do is provide 90% uptime thats it.
>then you have to wait your turn before you can participate.
Avalanche is leaderless. any validator can propose a Block at any time. every Validator participates in Consensus thanks to the repeated subsampling.

as you see Proof of Stake isnt the issue its the configuration. you probably got confused because you only know about the classical leader based systems.

[Anonymous No.51524949]

>>51524919
>sybil control mechanisms
call it what you like, the point is proof of anything else all boils down to proof of work, only under most non-proof of work systems that "work" is contorted, restricted, and compartmentalized such as to not allow competition from outside the walled garden.

i didn't say proof of stake was an issue
i just (correctly) pointed out that proof of anything is just proof of work in disguise.
and avax has massive centralization issues, so it's a moot point bringing it up when only a handful of people can actually build onto the blockchain.

[Anonymous No.51525152]

>>51524949
>call it what you like
its not about what I like to call it and this isnt how Science works.
you dont get to call things "however you like". thats why you will never be a Woman even if you like to call yourself that.
>all boils down to proof of work
Proof of Work is basically Proof of Stake with extra steps, you just invest in hardware instead.
>as to not allow competition from outside the walled garden.
as already demonstrated by Avalanche, PoS can be permissionless. its a matter of configuration.
>and avax has massive centralization issues
moving the goalpost now?
we are talking about Proof of Stake not about centralization/decentralization, those have nothing to do with PoS.
also Avalanche can scale to millions of Validator Nodes which all participate in Consensus.
is the network there yet? obviously no, but can it do it? yes it can and eventually will.
>when only a handful of people
again, Avalanche is permissionless. anyone with 2000 AVAX can run a node and anyone can build their own Subnet or deploy dapps on the C-Chain/other Subnets.
Avalanche Proof of Stake doesnt even have any Slashing, while PoS on ETH has Slashing and Slashing contributes to centralization, does that make all PoS centralized ? of course no.

better do more research next time before pretending to be an expert. you just embarrass yourself like you did just now.

[Anonymous No.51525172]

>>51525152
>Science
i accept your concession.

[Anonymous No.51525183]

>>51525172
now Computerscience isnt a Science anymore?
gtfo here you clown.

[Anonymous No.51525210]

>>51525152
besides, if you're going to try and argue that proof of stake is less complicated and fundamental than proof of work then you simply don't understand either.
nobody cares about what avax does because the system it's using is meaninglessly broken. it's like pointing to xrp and going "look proof of stake can work". nobody cares about platforms that throw away the entire point of using inefficient structures like blockchains, decentralization.

maybe next time don't get emotionally attached to dead late-comer altcoins so you won't have to spend hours contorting yourself to defending it every chance you get.

[Anonymous No.51525266]

>>51525210
Avalanche is just an example that proof of stake can be permissionless and decentralized and doesnt need slashing. anyone can run the Avalanche Validator and that shows that PoS isnt fundamentally broken or even an issue. seems like you are too dumb to get it that its all a matter of configuration. I now repeated it multiple times, it has to arrive in your underdeveloped brain at some point.
>because the system it's using is meaninglessly broken
it works and anyone can use it and see it for themselves. Avalanche is permissionless, open source and decentralized. has the highest Nakamoto Coefficient out of any Proof of Stake systems. it works.

now go ahead and give me another seething brainlet reply.

[Anonymous No.51525268]

>>51523639
The tail doesn't wag the dog though retard. This means your security budget gets cut by 50% every block halving, and if the number stops going up your shit death spirals like luna. Relying on the price going up for long term security is fucking retarded and it's literally a pyramid scheme.

[Anonymous No.51525933]

>>51525268

I don’t hold Bitcoin, PoW is still the best.

Doge doesn’t have the same problems as BTC,

[Anonymous No.51526210]

XRP laughs at your silly PoW vs PoS narratives.

They are solving the byzantine generals double spend problem without either of them. With lower fees, faster transactions and less power usage.

[Anonymous No.51526235]

>>51524331
No it doesn’t, buyers dont care

[Anonymous No.51527673]

>pow: decentralisation
>pos: centralisation

[Anonymous No.51527759]

>>51523509
Going back to shit, are we? It's all BFT and multi-blockchains security wise now. Wake me when it's all over.

[Anonymous No.51527769]

>>51524916
There are quite a number of secure ones out there anon. Start with Polygon and narrow it down to Geeq. More are coming.

[Anonymous No.51528006]

>>51527769
>Polygon
AVAX if we must talk about PoS is better. Otherwise BTC, LTC/DOGE, and XMR are the best we have.

[Anonymous No.51528025]

>>51526235
Wrong anon. Price action matters but fundamentals will always be there. Take multichains for example, more adoption is shifting there.

[Anonymous No.51528035]

>>51528006
Don't care about memes. Still studing geeq protocol here tho. The space is evolving.

[Anonymous No.51528036]

>>51523509
>I can argue that electricity has fundamental value, I cannot argue that a token does. We’ve gone right back to fiat.

electricity has value but electricity that has been expended in solving meaningless mathematical puzzles has no value because it no longer exists.

[Anonymous No.51528122]

>>51523509
Go for PoR you shitheads.
Proof of randomness has the energy efficiency of PoS but still enforces decentralization like PoW.

[Anonymous No.51529251]

XRP won....
If you want to belive it or not
Its still true
Not POW
Not POS
About to get threw regulations....
Get in under $1 shit is alrdy pumping
Settlement RUMORS everywhere

Even if you HATE the coin and want to be mr hippe "p2p byt the people for the people coin"
Get your emotions out of it and do some risk managment

Buy the rumor sell the news
Could be a great play here

Personaly i think XRP has won
Ripple will be used for most cross border payments

XRPL will be used to tokenize the internet of things

Lets get rich together

[Anonymous No.51529272]

>>51523509
PoS has value insofar as the platform has utility which stimulates use

[Anonymous No.51531450]

bump

[Anonymous No.51531551]

>>51523509
The dog with a cake in his head is the most based one.
The wolf is cringe as fuck.

[Anonymous No.51534015]

So what's that mean for say, ETHW?

[Anonymous No.51534991]

>>51525266
it's an example that shows nothing other than avax's failure to create a decentralized network
you late adopters need to stop trying to shill your dead alts everywhere

[Anonymous No.51536543]

>>51529272

banks and permissioned databases have utility too, just use those instead, they are cheaper than PoS larping as crypto.

[Anonymous No.51537746]

>>51523509
You can be both POW and POS, just look at John McCain.