Re:Bill Gates Says that Bitcoin is bad For the Planet
by Dzugaru on Monday March 08, 2021 @02:58PM
(#26390710)
You bootstrap the pos chain onto the pow one, so you have your trivially checkable first part. After that it.s not exactly trivial to fake the whole chain without holding validators private keys (remember, they had stake in pow chain).
Im kinda at a loss about what other vectors of attack possible, hard to find any digestible info, and pos protocol designs are really complex.
Re:Bill Gates Says that Bitcoin is bad For the Planet
by HeadsUpHigh on Monday March 08, 2021 @03:43PM
(#26391252)
What if you just accept the one that's coming from the node with the most stake on it? Or a consensus across multiple nodes with high stake on them?
But how does in know which copy is the real one and not one cooked up by someone like me showing I own half the coins?
With proof of work you can choose the one with the most work in it and that's hard to fake as the real bitcoin blockchain has billions of dollars worth of computer work in.
With proof of stake it's hard. If there is no real cost, fakers can make thousands or millions of fake chains and how do you know which is the 'real' one?
There are potential solutions but it's tricky. Like if you have www.stake-coin.com point to the real one, what if someone manages to take over the domain?