• Knock_Knock_Lemmy_In@lemmy.world
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    2 days ago

    Btw PoS is also bullshit, in a completely different and inferior class of crypto. It requires HUMAN CONSENT to enter the network.

    That is specific to delegated proof of stake, not PoS in general.

    • survirtual@lemmy.world
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      2 days ago

      Proof of Stake = I have a stake in preserving this network, and I am rewarded by receiving an increased stake in the network.

      You cannot organically enter a PoS network without having a stake in it. That requires acquiring the network’s token somehow. That means you must use a different token to purchase it, do work for someone who will pay you in it, or otherwise perform an operation organized by people in order to acquire the token to have a stake.

      That’s what I mean by human consent.

      • Knock_Knock_Lemmy_In@lemmy.world
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        2 days ago

        Your point is valid for new, immature blockchains. Censorship/access restrictions are possible and it’s very easy for PoS to turn into nothing at stake.

        In practice mature PoS chains don’t require any human consent.

        • survirtual@lemmy.world
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          1 day ago

          Yes, they do.

          In order to acquire the token, where does it come from in PoS?

          You want to mint the token? It requires the token.

          You want to buy the token? It requires someone that already has the token to sell it.

          You want to trade the token? You need to find someone that has the token and wishes to perform that trade.

          It requires acquiring a counterparty that consents to you acquiring a stake no matter how “mature” a PoS chain is.

          • Knock_Knock_Lemmy_In@lemmy.world
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            22 hours ago

            If you want to take a “purest” approach then bitcoin has similar problems. To gain any chance of mining BTC you have to buy specialised equipment from someone.

            I would also put joining a mining collective in a similar “human consent” category