kenny 🎩
@kenny
back in 2022 I had to do so much research about how The Merge and PoS was going to change everything (for my job) all the talking heads were bullish PoS good reminder to fade consensus opinions in this industry
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𒂭_𒂭
@m-j-r.eth
tbqhwy, none of the consensus algorithms are fully baked. traditional republican consensus is just Proof of Authority subbranched into 2/3s with circular logic (gerrymandering). fiat/military superiority doesn't even need hashing races, debatable whether they need committees. PoS is proportionally cheaper than PoW, but neither are ecologically sound. even if there's pure sybil-resistant direct democracy with means-adjusted surplus-to-cash, one would probably need negative yield to compel maintenance. nature selects fitness, and crypto hasn't, so far. I've been wondering if there's a better yield/coinbase split, scored by something like procured kWh per square meter related to FLOPs per capita related to gross ecological product. well-defined competitions are Nash equilibria, but incentives are perverse. at some point the institutional validators aren't consolidating because they can isolate reward and discard liability. as always, consensus is easier said than done.
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