Re:Proof of stake is incapable of producing a consensus
by dawnbreez on Sunday November 28, 2021 @04:09AM
(#29367402)
No, no, back up a second. The argument being made in the parent comment is that once there is one entity with enough stake in the network to dictate where it goes, they can just pull out before tanking the network.
But my understanding was that you can only have enough stake in the network to make decisions...by having that stake in the network. If you un-stake your crypto and cash out, by definition, you no longer have any stake in the network. If you no longer have any stake, how do you have a controlling stake?
Re:Proof of stake is incapable of producing a consensus
by newaccount74 on Sunday November 28, 2021 @04:30AM
(#29367499)
If you had a controlling stake in the past, couldn't you just rewrite history to make it seem like you still have stake?
Re:Proof of stake is incapable of producing a consensus
by delaaxe on Sunday November 28, 2021 @05:05AM
(#29367690)
You can look up how Ethereum's beacon chain implements slashing
Re:Proof of stake is incapable of producing a consensus
by inter_netuser on Sunday November 28, 2021 @05:57AM
(#29367929)
Yep, isn't it great to get slashed for being DDoSed?
Amazing breakthrough, realy. Now ddos blackmail can be actually measured in money.
At least you could point to avalanche or something else that's better constructed. Eth is a dinosaur at this point, albeit with the fattest treasury.
Re:Proof of stake is incapable of producing a consensus
by DennisP on Sunday November 28, 2021 @08:55AM
(#29368908)
If you go offline the penalties are very small. You can be offline a third of the time and break even. The real penalty happens if you send conflicting messages, and even that's not too severe unless a lot of other nodes do it at the same time.
In PoW miners risk going bankrupt overnight for egregious behaviour like that.
I'd like to see how one defines "slashing" programmatically that is impartial, works algorithmically, and does not have edge cases that can lead to catastrophic failures without handwavy assumptions that every single PoS network has today.