Post
Topic
Board Altcoin Discussion
Re: Zero Knowledge Transactions
by
TPTB_need_war
on 17/12/2015, 09:59:09 UTC
We can't escape from proof-of-work (PoW) and maintain decentralized consensus. Period.

I'd love to see a proof of that. Not meant as a challenge and I don't necessarily disagree at this point. It just seems hard to say that because we don't know of a way there can't be a way, and such a proof would be interesting.

In fact I have a vague notion of idea that may be possible, but I haven't reduced it to a usable form. (Not at all related to PoS or other such techniques, and my idea may too devolve to PoW in some unseen way.)

Let's start with the refutations I did in the past couple of months to some old quotes from jl777 about the ability to game stake and shorting together. I think the insight was there. I need to get back to that when attempting to prove it and write a paper. I didn't want to dig right now as it is a lower priority tangent for me at the moment. Hey that is no attack on jl777 as he has said he is agnostic to the choice of PoW or PoS, so he will adjust as to what is proved. To prove that assertion will be more difficult than just having a single insight, similar to proving P ≠ NP.