Viewing a response to: @bluabaleno/eos-whitepaper-walk-through-consensus-algorithm-section-one-delegated-proof-of-stake
@bluabaleno this post made me think a lot about the way that VeriCoin and VeriumReserve are trying to address the PoW and PoS issues you mentioned. It is interesting that much of your argument rests with the 'economic interest of the miner/holder', because that is ultimately why many of us are in the space.
| author | chefcryptoshark |
|---|---|
| permlink | re-bluabaleno-eos-whitepaper-walk-through-consensus-algorithm-section-one-delegated-proof-of-stake-20180423t152057329z |
| category | eos |
| json_metadata | {"tags":["eos"],"users":["bluabaleno"],"app":"steemit/0.1"} |
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yeah it is in a sense the lowest denominator that binds us all in this ecosystem. The difference is design of the incentives and the goal of the design. For Bitcoin, it is maximum security in the form of hashing power. It is not clear what it is in Ethereum right now. And as for Steem, it seems to be to propagate the Steem message as much as possible.
| author | bluabaleno |
|---|---|
| permlink | re-chefcryptoshark-re-bluabaleno-eos-whitepaper-walk-through-consensus-algorithm-section-one-delegated-proof-of-stake-20180423t162725939z |
| category | eos |
| json_metadata | {"tags":["eos"],"app":"steemit/0.1"} |
| created | 2018-04-23 15:27:36 |
| last_update | 2018-04-23 15:27:36 |
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| root_title | "EOS whitepaper walk-through: Consensus algorithm-Section One, Delegated Proof of Stake." |
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