Post
Topic
Board Altcoin Discussion
Re: Proof of stake instead of proof of work
by
ChuckOne
on 17/05/2014, 20:21:17 UTC
You question was of a personal rather than technical nature, and directly answering a question like that is usually a bad idea.  If I had said "yes, I have the genesis hash memorized" you may have called my a liar and I would have no way to prove myself.  If I had said "no" you would have used it as an argument to further blur reality.  

Well, not true at all.

I would have said this:

You had answered YES => "Well, so where did you read it?" If you had answered then 'from trusted hardware/software', go to NO.

You had answered NO => "I assume, you copied it form trusted hardware/software. So, where did the trusted hardware/software got it from?"


Well, and as this point, I got you.

Where does the trust come from? => code review, belief, opinions of your friends etc. etc.

Here, I can show you substitution and abstraction:

 - substitute each red you by each item of this list [ChuckOne, Peter R, jonald_fyookball, Mr. Obama, ...] and you will see that it is applicable to each of them

 - abstract from that list [ChuckOne, Peter R, jonald_fyookball, Mr. Obama, ...] to Blockchain Network User

The logical conclusion here is:

A Blockchain Network User needs to verify or trust the software he uses anyway no matter if PoW or PoS.