Re: "Failure to understand Bitcoin could cost..." (non-totalitarian version)
As expected, my comment was deleted from the other thread. Not even a quote or passing mention this time 
Oh, I thought u were an open-minded person. Sorry for disturbing u.
It is a fundamental mathematical insight. Someday I need to write a whitepaper on this. (Any mathematician readers who have some time to do this now?)
I am open-minded to that which isn't already evidently mathematically irrefutable.
Essentially proof-of-stake requires you to move to trust and reputation and call that "security". But that is not the type of security I want, because it ends up as "winner takes all". It is just democracy and fiat again. I want decentralized security which does not have the power vacuum. Only Satoshi's Proof-of-Work has that.
While proof-of-work obviously tickles the braincells in various ways, AnonyMint's posts strongly suggest that technical design is merely secondary to some agenda he's obsessing about. In spite of all his showy keyboard bashing, he sure refuses to engage in meaningful discussions.
Only Satoshi's Proof-of-Work can solve the entropy security issue. Period. I have thought about this deeply.
Oh, I thought u were an open-minded person. Sorry for disturbing u.
It is a fundamental mathematical insight. Someday I need to write a whitepaper on this. (Any mathematician readers who have some time to do this now?)
I am open-minded to that which isn't already evidently mathematically irrefutable.
Essentially proof-of-stake requires you to move to trust and reputation and call that "security". But that is not the type of security I want, because it ends up as "winner takes all". It is just democracy and fiat again. I want decentralized security which does not have the power vacuum. Only Satoshi's Proof-of-Work has that.
While proof-of-work obviously tickles the braincells in various ways, AnonyMint's posts strongly suggest that technical design is merely secondary to some agenda he's obsessing about. In spite of all his showy keyboard bashing, he sure refuses to engage in meaningful discussions.