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A comment on Proof of Stake or Proof of Work, What's the Difference?. Parent comment

Re:Proof of Stake or Proof of Work, What's the Difference? by keymone on Sunday November 04, 2018 @06:27AM (#18375350)
The complexity involved in making PoS “work” just increases the attack surface and enables political games around which workaround to implement next. And political games are decided by money, which is exactly what brings MR=MC, just like in PoW.

So why bother and not use simplest possible system that guarantees security using the ultimate currency - energy?

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Re:Proof of Stake or Proof of Work, What's the Difference? by AlexCoventry on Sunday November 04, 2018 @09:14AM (#18375933)
Why bother with baroque consensus algorithms at all, and not just use USD? Because new systems with new properties will enable new capabilities.
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Re:Proof of Stake or Proof of Work, What's the Difference? by keymone on Sunday November 04, 2018 @09:29AM (#18376003)
PoS is closer to fiat than PoW. PoS is more complex and relies on trust. There is nothing “baroque” about PoW, it’s simplest, cheapest and most reliable of them all.
[ Parent | on HN ]