Re:Bitcoin Energy Consumption Index
by keymone on Saturday October 26, 2019 @08:20AM
(#21363200)
> yet the chain you don't see is longer and everyone will switch there
No. No it can’t. No it can’t without somebody spinning up 100%+ more hashrate. And in PoS it totally can because there is no objective truth measure attached to it.
And again, 51% attacks are not solvable in principle and all your criticisms are basically “but what if your chain gets 51% attacked?”. Well duh, 51% attacked system gets destroyed, no matter if it’s PoS or PoW, the issue is that PoS gets destroyed in many more scenarios, not just the equivalent of apocalypse.
And you did bring up PoS multiple times. If you didn’t - we would t be having this conversation at all.
No. No it can’t. No it can’t without somebody spinning up 100%+ more hashrate. And in PoS it totally can because there is no objective truth measure attached to it.
And again, 51% attacks are not solvable in principle and all your criticisms are basically “but what if your chain gets 51% attacked?”. Well duh, 51% attacked system gets destroyed, no matter if it’s PoS or PoW, the issue is that PoS gets destroyed in many more scenarios, not just the equivalent of apocalypse.
And you did bring up PoS multiple times. If you didn’t - we would t be having this conversation at all.