Re:Why I’m so “against” Ethereum
by CryptoPunk on Tuesday January 01, 2019 @01:15PM
(#18801392)
>>your claim was consensus rules AND hash of most recent block are necessary. this is false, hash of most recent block is not necessary for bootstrapping.
A hash of A block from a trusted third party is needed for a node to bootstrap into a PoS network. Regardless of which block that is, the same amount of trust is required. And getting a more recent one reduces the number of blocks the node needs to download.
Anyway, the point is, the difference in bootrapping between PoW and PoS is in PoS, a hash of a block is also needed from a trusted third party. In both cases, a trusted third party is needed, and if the TTP is malicious, they can totally defraud the user.
> the difference in bootrapping between PoW and PoS is in PoS, a hash of a block is also needed from a trusted third party.
so far so good...
> In both cases, a trusted third party is needed
wait, what? when did that thing sneak into your argument? why do i need trusted party for PoW?
Re:Why I’m so “against” Ethereum
by CryptoPunk on Monday January 07, 2019 @03:50PM
(#18849915)
I thought we went through this. In PoW, you need the consensus rules from a Trusted Third Party.
your claim was consensus rules AND hash of most recent block are necessary. this is false, hash of most recent block is not necessary for bootstrapping.
> your argument makes absolutely no sense to me so please elaborate
you have to be more specific. i've responded to every point of your message. if you don't understand something in my response - point that out.