Quote from: n0nce on Today at 12:09:02 AM

Quote from: Wind_FURY on June 15, 2022, 06:26:37 AM

Then there goes the debate, POW will always be > POS. Has anyone noticed the POS advocates/promoters of the topic were nowhere to be seen when the point was being made after this post? https://bitcointalk.org/index.php?topic=5387588.msg60314887#msg60314887

I hope the reason they left the discussion is because they were educated and understood why PoW > PoS!

That's what debates are usually for.

Nope,
left the discussion because you guys are a bunch of btc cult members that can't understand what is in front of your face.

Quote from: LegendaryK on June 05, 2022, 07:40:53 PM

Quote from: n0nce on June 04, 2022, 11:25:50 PM

Quote from: LegendaryK on June 04, 2022, 05:41:56 PM

Quote from: n0nce on June 04, 2022, 03:51:12 PM

why can't you explain how they do it?

It not that the information is not in the google search engine, it is your cult mentality refused to acknowledge reality.
But in your next post, you will just cry fud.

https://algorand.foundation/algorand-protocol/about-algorand-protocol

Quote

Decentralization

The Algorand blockchain is entirely decentralized, which means there is no powerful central authority or single point of control.
A unique committee of users is randomly and secretly selected to approve every block.
Nodes are run by entities representing diverse backgrounds across many different countries.
Fair & Transparent

Control is distributed among all individual network participants
Accurate

No risk of data being manipulated, lost or destroyed
Secure

Fault tolerant with no special group of users for an attacker to target
Permissionless
Public & Open to All

Users do not need the approval of a trusted authority to use the Algorand blockchain.
There is a single class of users and no gatekeepers.
Every participant can read every block and have the opportunity to write a transaction in a future block.
Low Cost to Participate

The Algorand platform requires minimal processing power and modest IT resources to join.
All online users who possess algos are automatically eligible to participate in block consensus.
Pure Proof-of-Stake

Algorand uses a pure proof-of-stake (PPoS) consensus protocol built on Byzantine agreement.
This means the system can achieve consensus without a central authority and tolerate malicious users as long as a supermajority of the stake is in non-malicious hands.
The users’ influence on the choice of a new block is proportional to their stake in the system (number of algos).
Users are randomly and secretly selected to both propose blocks and vote on block proposals.
All online users have the chance to be selected to propose and to vote.
The likelihood that a user will be chosen is directly proportional to its stake.
Rewards

In Algorand, the power is in the hands of the users holding stake.
Every user receives an amount of rewards proportional to their stake for every block that is committed to the chain.
We do so to encourage users to join the Algorand platform and accelerate our path to decentralization.
Open Source

The Algorand node repository is open sourced and publicly available for anyone to audit, use, and build upon. The platform is founded in principles of transparency, inclusivity, and collaboration and maintained by a dedicated community with a shared vision of a decentralized, borderless future.
Protocol Evolution

Algorand is rooted in the idea that the system should allow for changes and avoid inflexible policies—enabling both the community and the protocol to evolve.
The Algorand platform takes a consensus approach to protocol changes, which facilitates continuous evolution of the protocol and eliminates potential hard forks that could fracture the community.
This ability is powered by the Algorand consensus protocol that enables the users to reach consensus on anything.
Not just on the next block, but also on a protocol upgrade.

Proposed changes are posted on the blockchain
The community uses Algorand’s consensus protocol to vote to accept or reject the change
When accepted, the community agrees on the block where the change happens
Everyone switches to the new protocol at the same time

As far as security goes, Bitcoin forks and Algorand never forks,
if this does not immediately point out to you that Algorand is more secure than Bitcoin could ever pretend to be,
well you should just quit reading and go play with your crayons. Kiss

https://www.thebalance.com/what-is-a-bitcoin-fork-4684459

Quote

On a basic level, these forks arise out of different perspectives on transaction history,

*Forking is what can allow Double-Spends.*

https://algorand.foundation/algorand-protocol/core-blockchain-innovation

Quote

Immediate Transaction Finality

The Algorand blockchain does not fork. Unlike with proof-of-work protocols, two different blocks can never be added to the chain in the same position.
Only one block can have the required threshold of signatures in order to be certified in a given round.

All transactions are final in Algorand.
Once a block appears, users can rely on the transactions it contains immediately, as they can be confident that the block will forever be part of the chain.
Even if the Internet is split into multiple pools of users, only one safe and consistent Algorand chain will exist.

Turing Award-winning scientist, Algorand founder on creating the ideal crypto - Silvio Micali
https://www.youtube.com/watch?v=Ttw4DpDNSo8

Quote

Silvio Micali is a computer scientist, recognized for his work on cryptography.
He is the recipient of the Turing Award (in computer science), of the Gödel Prize (in theoretical computer science) and the RSA prize (in cryptography).
He has been on the faculty of the MIT Electrical Engineering and Computer Science Department, since 1983.

Quote from: ETFbitcoin on June 04, 2022, 12:11:00 PM

Quote from: LegendaryK on June 04, 2022, 06:13:51 AM

Bitcoin is the easiest coin to restrict , one call to the power utilities and a automated disconnect by smart meter and bitcoin is dead.

Not as easy as you think, considering Bitcoin network is still running today.

Did I say, they are doing it in the US right now , no I did not.
What I said was they could if they wanted too, and it would be easy.
US Government has to ban btc mining 1st, that is less than 2 or 3 years away.
https://www.ictsd.org/how-do-power-companies-disconnect-service-with-digital-meters/

Quote

Can Smart Electric Meters Be Turned Off Remotely?

Yes, of course. Southern California Edison said smart meters can be used to silence a customer’s service remotely.

1st states ban btc mining and eventually the Country
https://www.forbes.com/sites/siladityaray/2022/06/03/new-york-clamps-down-on-bitcoin-mining-in-newly-passed-bill/?sh=7ae439c76de5
And why will the bans increase
https://www.wsj.com/articles/electricity-shortage-warnings-grow-across-u-s-11652002380

Quote

Electricity Shortage Warnings Grow Across U.S.
Power-grid operators caution that electricity supplies aren’t keeping up with demand amid transition to cleaner forms of energy

Because energy is not in abundance any more thanks to climate issues , war , and sanctions.
https://www.npr.org/2021/10/01/1042209223/why-covid-is-affecting-chinas-power-rations
https://www.theweek.co.uk/news/uk-news/956911/what-is-power-rationing-uk-electricity
https://www.ft.com/content/13b06f9a-20cc-4499-9137-6299c0b81643

The failure by the btc cult to recognize that the energy abundance of the past few decades is changing ,
so that for most countries holding 1st world status will be unattainable.
In short, governments are most likely not going to be able to keep the lights on 24x7,
much less have the capacity for an overly wasteful PoW mining using up resources that are in short supply.
So unless one of the BTC cultist can build a Dyson sphere, even the current energy % wasted by PoW mining will be unsustainable very soon.

* The secondary danger of low energy resources, is economic.*
https://www.dallasnews.com/business/energy/2022/06/02/were-in-trouble-electric-rates-in-texas-have-surged-over-70-as-summer-kicks-in/

Quote

Electric rates in Texas have surged over 70% as summer kicks in

With the Price of energy increasing and the loss of free investment capital going away because of the baby boomers shifting to safer investments like cash/bonds/tbills for their retirement, a large % of miners might go bankrupt before the bans occur.
Most miners survive off investment of venture capitalists , not the actual mining itself.
https://www.bloomberg.com/news/newsletters/2022-06-01/in-crypto-downturn-startups-are-still-getting-venture-capital-dollars

Quote

venture capital investing in crypto overall appears to be slowing

It appears to me you just quoted some out-of-the air claims from Algorand again and presented already disproven arguments from earlier in the thread, such as 'argumentum ad autoritatem' (Turing award winner.....).

For instance, not forking is not a measure of security. Besides the fact that you never explained how they want to have a decentralized system but at the same time never have a fork. Not to mention that this was never the question. The question was never 'Is it more secure?' or 'How is Algorand more secure?', but it was: 'How do we solve these 2 essential problems we believe PoS to have?'.

Goes to show you can lock a btc cult members in a library, But you can't make them learn,
so at the end of the day all they sprout is the cult speak they started with.
Like I said in the post above, if you can't understand why no forking is more secure, you should go play with your crayons.

This is also why , most PoS supporters no longer comment, as not only does PoW waste energy,
talking to PoW cult members wastes our time.
I gave you the above info, and even a video.
So to keep the btc cult from wasting anymore of my time, I shall leave you to make false assumptions at the glory of your dying PoW tech.
Cool