Topic: Proof of Stake technical dicussion (Read 332 times)

The Nothing at Stake Myth is Literally a Nothing to Gain.


Write a Multistaking client or Ask Gmax to write one for you, as he made up the nonsense to fool people like you to start with.
After he writes one.  You show me the damage it can do.  
But to be honest, I'll be laughing at you and him, because I already know it is a waste of time.



In PoS , the strongest chain is the one with the most coins and the highest difficulty.
In PoW, the strongest chain is the one with the most hashrate.

In PoS, collusion to dominate a PoS chain would need to be close to 90% to maintain the same dominance that
In PoW, collusion to dominate a PoW chain only needs 51%.

Answer to your question is nothing stops a group from colluding in PoS or PoW to exert dominance on a chain.
The only thing blocking them is the required % required to pull it off,
And PoS requires 39% more to pull off a collusion than PoW.
Also to actually profit a PoS user has to sell his coin, which drops his ability to continue any collusion.
PoW miners can sell every useless coin their asics create, and never decrease their % control by even a tiny fraction.
PoS coins have value to their respective networks by securing it,
PoW coins only have value for greater fools that buy useless tokens that they themselves (aka slaves) can not mine or secure,
without their masters know as miners.



You're confusing PoW where a Miner can mine multiple coins on different networks,
ie: BTC, BCH, BSV can all be mined by ASICS running SHA256

In PoS, coins can only stake on their own network, their is no crossover in staking coins.
Each staking coin network is isolated from ASIC nonsense and other coins networks.
So if you buy zeitcoin, you can only stake zeitcoin.

In PoS , the value is in the coin,
In PoW, the value is in the ASIC.
(Which allows the PoW miners to play all of the coins holders against each other that their ASICS Dominate.)
BTC holders talk junk about BCH & BSV holders.
BCH holders talk junk about BTC & BSV holders,
BSV holders talk junk about BTC & BCH holders.

But the very same miners are playing all of the holders for fools.
Which is why none of these networks have died yet.



No, he is one of the CIA analyst on Team satoshi.
(Not even Japanese.)




Provide a list.
Then contact that specific coin developer and ask them why.

ZEITCoin Like Bitcoin has used hard coded checkpoint in source code over the years during major updates.
But their are no checkpoint servers like you claim that are running constantly , only the strength of the staking is securing ZEIT.

FYI:
Funny enough ZEITCOIN does not even bother with rolling checkpoints ,
but one of your ASICS coins, BCH does use a 10 block rolling checkpoint.  
https://blog.bitmex.com/bitcoin-cash-abcs-rolling-10-block-checkpoints/

So does that make all PoW coins like Bitcoin insecure, since BCH uses rolling checkpoints.
* Note rolling checkpoints are determined by the network and not a 3rd party. *

I used Monero 3 years ago and my transactions are not revealed yet although protocol was way less private built as today. How many more years I will have to wait that my 3 years old transactions will be revealed on your opinion?

No one ever was selling ASIC miner for Monero before they realize mining alghorythm will be changed in few weeks time. This is the only reason why ASIC miners are bad thing. You never know is there is someone secretly mining with more advanced ASIC miner then everyone else. 

Monero solved this problem with RandomX. You can buy best ASIC miner in your local computer store. It is called Ryzen.  True Satoshi Nakamoto & Nicolas van Saberhagen vision.

My "perfect" coin would be a hybrid that minimizes the flaws inherent in both methods in order to produce something far more decentralized and fair for everyone. It would ensure that the inherent flaws that will always exist are so reduced and/or counteracted by the other that they are in effect rendered null and void. It's a dream but maybe one day someone will come along and chase the dream and not money like everyone does these days.

Of course, proof of stake has issues as well, that is why the current proof of stake ones are trying to figure that out, or even ethereum for example who is working towards being proof of stake wants to as well, however that doesn't mean they are bad or shouldn't exist.

Proof of work has troubles as well, proof of stake just has different versions, maybe nothing at stake could be a problem, maybe it will be solved, however in the end all proof of xxx has some troubles if you are good enough hacker to find the loop hole. Trashing proof of stake for one loop hole which may not even exist in some of the coins is not constructive at all.

It's not a "myth", but a theory. Refute, but no mudslinging/name-calling. We're to learn and find answers.


PoS coins are designed to run on a single chain and follow the stronger chain, which is the one with the most coins and the oldest age.