Sorry , you drank the kool-aid, that is utterly irrelevant and makes no difference.
The Comparison in PoS, is you can verify the amount of coins and their target difficulty that goes into creating a block.
Hashrate can vary so can # of coins in different sequences, but the one the majority of people support will always be chosen.
Program coded checkpoints make the whole argument a waste of time.
Good Day.
The Comparison in PoS, is you can verify the amount of coins and their target difficulty that goes into creating a block.
Hashrate can vary so can # of coins in different sequences, but the one the majority of people support will always be chosen.
Program coded checkpoints make the whole argument a waste of time.
Good Day.
Think you are still missing my point, yet you actually made my point perfectly... in pure Proof of Stake the first block is a Program Coded Checkpoint.. right? Which makes Proof of Stake a waste of time.
The 1st block is a Genesis Block.
You want to attribute some false religious nonsense to a PoW chain to give it some mystical superiority.
Sorry your faith is misplaced, PoW is a dead end.
But if you want to be foolish, feel free and enjoy a unicorn ride across a chocolate river.
Your so called correct chain is a false belief,
disconnect your PC from the network , if your false belief was real, then the true chain would magically appear on your PoW client.
Now if you mine your PoW coin without syncing with the majority 1st, then you will end up with a different chain as long as you don't connect to the Majority chain. Although the checkpoints in the PoW source code will stop your PoW chain mining unless you remove them.
Enjoy your fairy-tale , but in the end that is all it is, and the Majority could care less.
Please explain, why is the genesis block more secure than a program encoded checkpoint? What's the difference?
All I'm saying is that with Proof of Work you can prove that large amounts of work went into creating every single block given the large proof of work. A programmer or someone who knows what they are doing can verify that you are on the correct Proof of Work blockchain. That is impossible with Proof of Stake any more than it is possible with program encoded checkpoints.
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The fact PoW is consuming an insane amount of the world's resources without any increase in it performance is more important than your fantasy.
Agreed. And no, I'm not suggesting that Proof of Work is the answer. I don't believe it is. I believe the true answer is Proof of Person where everyone links together forming a social network, people vouch for each other, as well as the current blockchain. And everyone starts equal, heavily incentivizing people to switch and everyone earns their sharing of the money made via mining. While I'm at it, Proof of Person should also stabilize in price long before it reaches the current number of users as Bitcoin. Let me know if you are interested in learning more.