> 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.
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.