Post
Topic
Board Bitcoin Discussion
Re: Noob Q: Can bitcoin be turned into POS?
by
kiklo
on 30/03/2017, 10:03:25 UTC
You haven't looked at the link, did you.

Scanned it , you are ignoring the fact that everyone is using the computers and the software , aren't you.  Wink

You never answered my question, if I gave away a PoS coin is it Permissionless?

 Cool

FYI:
Your Guy in the link
Quote
I paid a fee of 0.0001 bitcoins, approximately 8 cents or 10% of my transaction.
He paid for permission to have his transaction entered.


FYI2:
The Definition of the Word Permissionless : Without permission.

The Definition of the Word Permission :  
1. authorization granted to do something; formal consent:
2. the act of permitting.


You guys are the ones trying to redefine a word , that already has a definition.
Sorry Webster Dictionary was here 1st.  Wink


You're being ridiculous on purpose.  


LOL,  Smiley

No ,
some people are trying to redefine a word that already has a definition.

The incorrect one , they are trying to propagate
Quote
PERMISSIONLESS

In order to contribute to the processing of transactions and have your ‘vote’ counted, you do not need a previous relationship with the ledger, and your vote does not depend on having a prior identity of any kind within the ledger.

The Correct one is
The Definition of the Word Permissionless : Without permission.

The Definition of the Word Permission :  
1. authorization granted to do something; formal consent:
2. the act of permitting.


Meaning since the guy above had to paid to have his transaction entered,
PoW is not permissionless, if it requires payment to the miners. Therefore PoS is also not permissionless since transaction fees are also charged.

In Crypto the Miners or Stakers Grant Permission to enter transactions into a block by charging transaction fees.
Then the Nodes Grant Permission for that Block to be Entered into the BlockChain.
At both points , Miners & Stakers, and then the Nodes are all authorizing or committing the act or permitting entry.

Permission is accurate.  Permissionless is some made up fairy tale, by people that don't look at the system deeply enough.  Cheesy
That is why it is a personal pet peeve of mine.

 Cool

FYI:
Quote
The word "ring" also existed before mathematicians defined what an algebraic ring was.
By placing the word algebraic in front of the word ring, you give it a different meaning.
There is no additional word placement in front of permissonless that allows them to redefine the definition of the word.
They are using the direct word and it's direct definition is counter to their claims.