Quote from: TPTB_need_war on March 20, 2016, 01:40:48 AM

But it relies on centralization of the proof of BOINC and proof-of-stake, which thus guarantees it won't scale to anything significant, as vested interests will strangle it.

Quote from: TPTB_need_war on March 19, 2016, 09:29:46 PM

...

Btw, proof-of-stake will never scale out user adoption, because it is a vested interest paradigm, and thus will be destroyed by its stake holders. No stake holder (in any context or business model) allows a competitor to profit. Only permissionless, decentralized systems scale.

It will perhaps be good for a P&D, because so many fools believe technological nonsense because they don't understand.

Really, and yet investing money into a PoW coin that relies completing on ASICS that are already centralized and will be even more so at the next halfing is ok? Huh

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fools believe technological nonsense

By this conclusion, 99% should Not be investing in BTC either. Wink

FYI:

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Nash equilibrium security

Game theorists use the Nash equilibrium concept to analyze the outcome of the strategic interaction of several decision makers. In other words, it provides a way of predicting what will happen if several people or several institutions are making decisions at the same time, and if the outcome depends on the decisions of the others. The simple insight underlying John Nash's idea is that one cannot predict the result of the choices of multiple decision makers if one analyzes those decisions in isolation. Instead, one must ask what each player would do, taking into account the decision-making of the others.

IMO, Nash equilibrium theory is not that accurate .

I would say the larger the group of people or institutions , the easier it is to predict the outcome.
Kind of what the whole field of Sociology is about.
Sociology is the study of social behavior or society, including its origins, development, organization, networks, and institutions. It is a social science that uses various methods of empirical investigation and critical analysis to develop a body of knowledge about social order, disorder, and change.
Knowing that the majority always choose what is in their individual best interests , would help accurately predict the outcome.

(Individuals are always the wild card and unpredictable , because of their individual & background motivations, so they may not always choose what would be in their best interest.)

Isaac Asimov Foundation series basically showed how a whole Universe could be controlled using Sociology.

Plus I will tell you Nash's Original Idea , is not Original , it is very Old,
because it is really nothing more than Simple Collusion.