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Re:Proof of stake is incapable of producing a consensus by lottin on Sunday November 28, 2021 @07:19AM (#29368331)
> Figuring out how to make spending your tokens irrevocable is the whole point of PoW/PoS.

Maybe I'm missing something... if miners are required to send the tokens to an invalid address, are these tokens not lost irrevocably?

Re:Proof of stake is incapable of producing a consensus by seoaeu on Sunday November 28, 2021 @08:37AM (#29368791)
What stops miners from sending their tokens somewhere, then hard forking from a previous block where they didn’t send them?

This has a clear answer in PoW, but not in your scheme

Re:Proof of stake is incapable of producing a consensus by lottin on Sunday November 28, 2021 @09:32AM (#29369170)
Easy, you put the transaction in the previous block. So the miner can only mine a block if they have already made the expenditure.
Re:Proof of stake is incapable of producing a consensus by ogogmad on Sunday November 28, 2021 @10:23AM (#29369549)
What if I create a whole new chain? Will the transactions at the very beginning of that chain have to be added to the big, old chain? How far back do the common ancestors of two chains have to be for your auto-merging to happen? What happens if two histories conflict? Then in Version Control parlance, we have a "merge conflict".
Re:Proof of stake is incapable of producing a consensus by seoaeu on Sunday November 28, 2021 @09:58AM (#29369352)
What stops me from doing a hard fork to roll back both blocks?
Re:Proof of stake is incapable of producing a consensus by lottin on Sunday November 28, 2021 @10:54AM (#29369854)
If you spend more tokens than the tokens that were spent mining the last two blocks you can erase the transactions in those blocks, but isn't that also the case with PoW?
Re:Proof of stake is incapable of producing a consensus by seoaeu on Sunday November 28, 2021 @12:29PM (#29370825)
You aren’t following. The hard fork lets me double spend the tokens from those blocks.
Re:Proof of stake is incapable of producing a consensus by lottin on Sunday November 28, 2021 @01:54PM (#29371696)
Indeed, I'm not following your argument.
Re:Proof of stake is incapable of producing a consensus by ogogmad on Sunday November 28, 2021 @04:03PM (#29372999)
Stop asking people to do your homework.
Re:Proof of stake is incapable of producing a consensus by ogogmad on Sunday November 28, 2021 @07:21AM (#29368343)
No. Did you not read the comment you were responding to?
Re:Proof of stake is incapable of producing a consensus by lottin on Sunday November 28, 2021 @07:38AM (#29368459)
Yes, I read it. As far as I can see, it talks about 'staking', so it doesn't address what happens when the tokens and 'expended' as opposed to 'staked'.
Re:Proof of stake is incapable of producing a consensus by ogogmad on Sunday November 28, 2021 @09:58AM (#29369351)
You have two competing chains: Chain 1 and chain 2. On chain 1, you spend a token on a good. On chain 2, you spend no token. You wait for chain 1 to win the race. You then stake on chain 2 to get your money back. If chain 2 then overtakes chain 1, you've executed a double-spend attack.

An equivalent attack wouldn't work on a PoW chain. If you do the equivalent of "staking" on chain 2, then you're computing hashes, which is costing real-life resources. In the PoS case, without slashing, staking on chain 2 is free. In fact, this is the rational move to make every time you spend a token; stake on competing chains to get your token back.

Re:Proof of stake is incapable of producing a consensus by cutemonster on Monday November 29, 2021 @03:10PM (#29384602)
Thanks for explaining (I'm a different someone)

There was a PoS mechanism that makes people who cheat lose all their coins? I wonder if it is relevant here

... Aha, that's "slashing" -- the other members in the network would look at the two chains, and notice that you were misbehaving, and add transactions that remove parts of your coins? (They'd add to both chains? Or just the winning one?)