Proof of stake

Is there any argument in favor of this shit?
>inb4 muh environment
It just gives governments a free invite to print fiat and buy 51% of the supply to control the ethereum network whenever they desire.

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It would cost less to buy 51% of the supply of PoW mining rigs.

What about Proof of Work?
How is it better when a handful of miningpools control 51% of the block production?
You think the government cant buy more ASICs and Graphicscards than you?

Basically your problem is you dont seem to understand that Proof of Work and Proof of Stake are just Sybil Protection aka Spam control.
They dont say anything about decentralization or safety.

Cool, now there's an actual infrastructure of mining rigs, servers, electricity networks and maintenance workers backing your currency. Were it not for the fact that the electricity comes from fossil fuels there would literally be no disadvantage to PoW.

>there would literally be no disadvantage to PoW.
Its slow and there is also Miner extracted Value, there is also selfish mining and the fact its centralized in 3 to 5 miningpools.
It also cant scale.

That’s just categorically false, and the time necessary to carry out an attack like that would make it beyond obvious what is happening ahead of time.

The average user doesnt even care and miners just care to make a profit.
Nobody actually cares if its 51% centralized, just look at BTC or ETH, literally a phonecall between the biggest miningpools would be enough to attack it.

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A conference call between 4 miningpools would be enough to get to 51%.

And thus my initial analysis was right, Proof of Work says nothing about Security or Decentralization.
Its just spam protection.

>buy 90% of the stake
>new coins are only generated through staking
>slashing means currency is effectively deflationary
>entrenched forever
>coins become increasingly inbred
>have to force others to join or the ecosystem dies
thanks for playing goy

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>You think the government cant buy more ASICs and Graphicscards than you?
out of thin air like their currency?

>buy 90% of the stake
Cant buy something that wasnt already minted.
Also who said exchanges will sell it all for cheap? When you buy 90% of whats on the market you gonna pump everyones bags.

>new coins are only generated through staking
Which means you have to run nodes and participate in the system to get your reward.

>slashing means currency is effectively deflationary
Proof of Stake says nothing about Slashing, you can have PoS without slashing like in Avalanche for example.

>print money out of thin air
>buy graphics cards and ASICs with it

So whats the difference?

one is backed by material reality, the other one isn't

Proof of Stake Validators have to run on hardware too.

it was an analogy

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a shitty one yes.

enjoy your proof of central banking

Here is an idea. Stop having stupid high fees paid to miners or stake holders.

Why are you charging so damn much for a transaction?

Proof of Stake says nothing about decentralization or centralization.

Sybil control is just one piece of the puzzle.
That you dont understand this just shows you have zero clue how anything works.

>Why are you charging so damn much for a transaction?
Because Proof of Work systems cant scale and are slow which means with your fees you have to compete with others to get into the block.
Highest fees get into the block faster.

That said even on a system that can scale you will have a fee market as it also acts as spam protection.

In that you don't understand this just shows you have zero clue how anything works.

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Brainlet cope much?

you're the one obsessing in this thread while I'm skimming page 1

Thanks for confirming that I‘m smarter than you and you are just some NPC skimming page 1 and not even using the catalog.

Can't happen, it would be too obvious and it would lead to a fork, and the government holding useless tokens with their taxpayer's money. Also, such moves done by government are slow and never a secret, so it would be impossible to pull off without everyone knowing about it weeks if not months in advance.

PoS is total dogshit and the fact it is still way better than PoW speaks volumes about PoW
This is the absolute state of crypto

>Proof of money versus proof of wasted electricity
We live in a society

>Sybil control is just one piece of the puzzle.
You're one of the few people on this board that seems to understand this.

>just buy 110 million ether!
Retard. By the time you've bought 10 million the price per ETH would be over 20k each.
>b-but what about other coins?!
If you hold anything other than BTC/ETH you're a nigger and will never make it.